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Why Online-travel Giant Booking Is Getting Into the Fintech Game

“Add Booking Holdings Inc. to the list of e-commerce companies betting that a tighter control over the payments process will create a better experience for consumers—and a new revenue stream. The online-travel company announced earlier this month that it was launching a financial technology unit that would aim to simplify some of the monetary hurdles […]
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Booking.com Aims to Remove Payment Friction Through Creation of Fintech Unit

“Booking.com has created a fintech business to improve access to its travel marketplace for customers and partners.   The company says its aim is to “further remove financial friction from the travel process.”   The fintech unit is being headed up by senior vice president Daniel Marovitz who has led Bookings’ payments products for the […]
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Airbnb Sees Signs of Rebound; Loss Widens on Debt Payment

“The surprisingly positive results reflect a big upswing from a year ago, when Airbnb’s bookings plunged 80% after the coronavirus shut down most of the world. Travel was one of the hardest hit sectors of the economy in the pandemic, but Airbnb saw a swifter recovery than its peers when urbanites started abandoning their city […]