Formerly known as PSP International, Optal is a shareholder of eNett International, a leading provider of dedicated B2B travel payment solutions to the travel industry, alongside Travelport who owns a majority stake.
Optal’s commitment as eNett’s long-term and invested issuer ensures a high level of service and security, enabling eNett to focus on evolving product and service offerings for its customers within the travel industry and beyond. The move also supports eNett’s customer growth into new markets by facilitating even more local settlement currencies and lower cost foreign exchange.
Optal’s wholly owned subsidiary, Optal Financial Limited, is as an authorised eMoney institution regulated by the UK Financial Conduct Authority. Its expertise in innovative payment solutions will be invaluable in providing the flexibility and support needed to maintain eNett’s leadership position in B2B payments across the globe.
Optal Managing Director, Rob Bishop said, “We are delighted to further cement our relationship with eNett and our ongoing commitment to the company for the long-term. Both our companies are built with innovation as its foundation, and we are just at the beginning of what we can achieve in bringing evolutionary payment services and funding models to the marketplace.”
Utilised by hundreds of leading travel companies in 47 countries around the world, eNett VANs are automatically generated MasterCard numbers used to facilitate supplier payments. Backed by the MasterCard guarantee and generating unique numbers for each transaction, VANs can include payment parameters such as amount, currency, date and merchant, making VANs a more secure and easy way to pay or be paid.
eNett Managing Director and CEO, Anthony Hynes said, “I am very pleased to have Optal as an integral part of our operation. This relationship is fundamental to achieving our ambitious growth plans and supporting our customers with theirs. It gives us the agility and speed to stay ahead of changing industry demands, and set the benchmark for B2B payment services globally.”
Learn more about eNett VANs at www.enett.com