12 oct e travel blackboard asia abacus integrates with pay_pal making online travel transactions easier for travel agencies and consumers
Client : PayPal Country : SingaporePublication : E-Travel Blackboard AsiaDate : 12 October 2012Topic : Abacus Integrates with PayPal making Online Travel Transactions easier for Travel Agencies and ConsumersURL : http://www.etravelblackboardasia.com/article/86976/abacus-integrates-with- paypal-making-online-travel-transactions-easier-for-travel-agencies-and- consumersVisitorship : 5,397 (Site-wide)Abacus Integrates with PayPal making Online Travel Transactions easier for Travel Agencies andConsumersFriday, 12 October 2012Abacus International, Asia Pacific’s leading provider of travel solutions and services, todayannounced a new collaboration with PayPal, a world leading online payment provider, to equiptravel companies with the solutions needed to stay ahead in the fast-changing online travel industry.Abacus will integrate PayPal as a payment option in their ready-to-go online booking engines,Abacus WebStart and Abacus WebConnect. These integrated solutions will enable more than 20,000travel agencies located across Asia Pacific to have an online presence and transaction capability inone easy step.The online travel market in the Asia Pacific is projected to see double-digit growth through 2012,remaining the fastest-growing travel region globally through 2013, when it is expected to reachUS$357 billion*. According to the recent PayPal Online and Mobile Shopping Insights study, travelwas the number one category for online purchases accounting for S$263 million in Singapore**.
Abacus WebStart is a full-featured, ready-to-go online booking engine specifically built for travelagencies to get their brand online quickly, at near zero cost. Abacus WebConnect is a tool kit thatenables travel suppliers to build and deliver a robust booking engine that lets their customers shopand book their travel online anytime, anywhere. PayPal’s integration with these online solutionsprovides travel companies the ability to make travel transactions from day one, especially to thelarge pool of existing PayPal customers, encompassing more than 113 million active users across 190markets globally.Robert Bailey, President and CEO of Abacus International said, “Consumers today are making moretravel bookings online and travel agencies want to gain a competitive advantage in addressing thistrend. By integrating PayPal into Abacus WebStart and Abacus WebConnect, travel agencies can nowlook forward to an effective platform to start an online business with the added benefit of beingtransaction-ready. In addition, a strong global brand like PayPal is a real boon to travel agencies as itinstills a certain level of confidence and trust to global travellers who may be initially wary ofpurchasing travel packages or flight tickets from unknown travel agency websites.""With e-commerce and the online travel market growing rapidly in Asia, PayPal is committed toenabling easier, more flexible and more secure payments to help travel agencies expand theirbusiness online and be paid for travel bookings by millions of consumers worldwide. By working withAbacus, travel agencies will be able to boost their online sales by offering a simpler, moreconvenient shopping experience to book and pay for their online travel,” said Faraz Ahmed, HeadPayPal Southeast Asia and India.Singapore travel agency, Maple Travel was the first to innovatively use Abacus WebStart and PayPalin July to enable direct bookings for TransAsia Airways flight tickets via Facebook. This functionalityallows Facebook users in Singapore to book and pay for their flights to Taiwan on TransAsia Airwaysthrough a “book on Facebook” tab within Facebook on TransAsia Airways’ Singapore fan page,removing the need to navigate to TransAsia Airways’ website.Tan Meng Aun, Director, Maple Travel Pte Ltd said, “Facebook was the first of several new andunique channels that we have earmarked as high-potential growth segments for the regional travelindustry. Having successfully leveraged on the technologically advanced Abacus WebStart engineand its seamless integration with PayPal’s online payment solution, Maple Travel is now laying thegroundwork to pave the way for future up-and-coming online travel innovations.”* PhoCusWright’s Asia Pacific Online Travel Overview Fifth Edition**PayPal Online and Mobile Shopping Insights survey in 2012