HBX Group launches B2B payment platform for the travel industry

HBX Group is preparing to revolutionize the travel industry. The upcoming B2B payment platform announces instant and secure transactions. The HBX Group eWallet addresses the complexities of intercompany payments. With a presence in 170 countries, this ambitious project promises to integrate financing, invoice management, and transaction traceability. The collaboration with FinPay, recognized for its expertise in financial technology, enhances the impact of this innovation. The sector, long faced with challenges related to payments, is set to energize its transactions thanks to this technological advancement. Travel companies must now adapt to this transformation to remain competitive on the international stage.

Key Point
HBX Group is launching a new B2B payment platform for the travel sector.
The platform, HBX Group eWallet, will initially be available in Spain this month.
Expansion planned to OECD countries in June.
Designed to facilitate cross-border payments and manage transactions quickly.
Integrates financing services, access to invoices, and traceability of transactions.
Developed in collaboration with FinPay, ensuring regulated services.
Addreses significant challenges for the sector: 20% of companies report major difficulties with B2B payments.
Digital innovations can help optimize accounts receivable and accounts payable.

Overview of the B2B Payment Platform #

HBX Group is set to launch a new B2B payment solution specifically for the travel sector. This innovative platform, called HBX Group eWallet, is designed to modernize transactions between businesses and address major challenges faced in the travel ecosystem. With a presence in 170 countries, the company is establishing itself as a key player in B2B technology.

Features of the HBX Group eWallet #

This electronic wallet will function similarly to a traditional digital wallet, but exclusively for B2B payments. Companies will be able to easily store and manage their payments while facilitating instant transactions, especially on an international scale. The platform also incorporates financing features, access to invoices, and complete traceability of transactions.

Collaboration with FinPay #

HBX Group developed this project in collaboration with FinPay, a regulated eMoney institution by the Bank of Spain. This partnership aims to ensure the security and efficiency of the payment and financing services integrated into the wallet. According to Juan Antonio Soriano, CEO of FinPay, this collaboration leverages the potential of financial technologies for a concrete business context.

Challenges Related to B2B Payments in the Travel Sector #

Managing B2B payments poses a major challenge for many travel companies. A report from PYMNTS Intelligence reveals that 20% of companies in the sector consider B2B payments to be a very or extremely significant pain point, while 43% of them rate them as somewhat significant. A large proportion of industry players face the complexity of executing these transactions, making the implementation of an effective solution essential.

The Impact of Digital Innovations #

Digital innovations can transform traditional approaches to accounts receivable and accounts payable. By implementing advanced payment solutions, these companies position themselves for international success. Thus, the implementation of the HBX Group wallet could revolutionize payment processes, streamlining transactions on a global scale. Travel players will gain agility and responsiveness in meeting market demands.

Planned Expansion and Launch Timeline #

The launch of the HBX Group eWallet is scheduled for Spain this month, followed by an expansion to OECD countries starting in June. This phased deployment strategy reflects a commitment to ensuring effective adaptation to the specifics of each market. This ambitious timeline will allow for platform validation before its introduction on a larger scale.