LONDON, UK – 29 October 2024 – At WTM London 2024, Bakuun presents PayDocker, a payment solution built specifically for the travel industry to reduce transaction costs, speed up processing, and improve security for global transactions. PayDocker provides travel businesses a cost-effective alternative to credit card fees, reducing costs by up to 70% and enhancing cash flow and operational efficiency.

With billions in annual transactions, travel and hospitality businesses often face high fees, lengthy reconciliation processes, and complications with cross-border payments. PayDocker directly addresses these challenges, offering a secure, token-based system that simplifies payments, optimizes cash flow, and reduces reliance on traditional credit card networks.

Core Benefits for the Travel Industry:

• Up to 70% Reduced Fees: Significantly lowers transaction costs, delivering substantial savings for travel businesses.
• Fast, Efficient Payments: Speedy processing across 46 markets and 27 currencies, helping businesses maintain strong cash flow. As part of its expansion plan for Q4 2024, PayDocker is broadening its reach and impact across global markets; read more about our recent milestones and developments here.
• Enhanced Security and Dispute Resolution: Advanced security features mitigate fraud risks and streamline automated dispute handling.

“PayDocker is crafted for travel businesses looking to expand without the barriers and high fees of conventional payment systems,” said Nigel Horne, CEO of Bakuun. “Our solution meets the industry’s needs by offering a fast, secure, and highly cost-effective payment option.”

Simple Integration, Immediate Impact

PayDocker is designed to integrate seamlessly with existing travel platforms, empowering hotel chains, OTAs, travel management companies, and tour operators to realize immediate cost savings. By replacing complex virtual card systems with a streamlined alternative, PayDocker provides an efficient, user-friendly solution tailored for today’s travel businesses.

Discover Bakuun at WTM London 2024

Visit Bakuun at Stand S3-248 from 5 to 7 November to experience how PayDocker is transforming travel payments with its cost-saving, industry-specific processes built to meet the unique needs of travel professionals.

About PayDocker

PayDocker, developed by Bakuun, is a smart payment solution designed for the travel industry, offering cost-effective, secure, and seamless transactions across multiple currencies and regions.

For more information on PayDocker, visit www.paydocker.com.

Media Contact: 

Bakuun Media Relations
press@bakuun.com

About Bakuun Holdings:
Bakuun Holdings is a global leader in travel technology solutions, transforming the way travel service providers and hospitality companies operate. With groundbreaking technology designed to streamline booking, onboarding, and payment processes, Bakuun is shaping the future of the travel industry, providing businesses with the tools they need to succeed.