According to a recent poll by Travel Technology Europe, legacy systems are the biggest barrier to digital transformation and modernization within the travel industry. Around half of travel professionals, representing travel technology companies, tour operators, hoteliers and TMCs, put legacy technology on top of the list of obstacles to transformation.

The financial services sector is undergoing a massive transformation, and one area which is reporting accelerated growth is payment systems. We are currently witnessing a groundswell of convenient alternative payment systems, such as open banking, distributed ledger tools, e-wallets, Apple Pay, Yandex, mobile payments, and prepaid cards.

These payment models…

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