Swiipr partners with Paynetics to revolutionise travel disruption compensation

By Joy Dumasia

Swiipr, the FinTech that is disrupting the travel industry, has partnered with Paynetics, the regulated e-money services provider, to issue its innovative airline payment products. Paynetics enables this mobile-first platform to issue instant welfare and compensation payments through digital payment cards on mobile devices. 

Swiipr and Paynetics are addressing a growing demand from airlines for a better way to handle travel disruption through digital technologies. Swiipr’s card and mobile solutions already being used by several airlines fulfil the need for a more straightforward, more efficient way of managing travel compensation that the pandemic has further accelerated.

CEO of Swiipr Tara Spielhagen Hale said: “Our offering is the first of its kind in the airline industry, so it was important that we had the right payment partner. Paynetics have been the ultimate collaborators, providing the flexibility and innovation needed to support our digital airline products. Not only that, but their innovative solutions are able to support the future state of mobile-first solutions demanded by airlines and customers. Providing more instant, seamless, self-service experiences.”

Mike Peplow, CEO at Paynetics, said: “We are thrilled to have partnered with Swiipr to enable the issuance of its airline products. They are revolutionising the way the airline industry handles travel disruptions, offering instant, hassle-free mobile payments for passengers. Airlines want to offer the best service to customers, particularly when travel disruptions occur. The days of having to deal with long queues of frustrated passengers following a flight cancellation, disruption or delay are over. And we are proud to be along this journey with Swiipr.”

Recently, IBS Intelligence reported that Paynetics, the regulated e-money services provider, has partnered with ClearBank to offer real-time payment and innovative banking services to customers.