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Sector coverage

Travel Fintech

Cross-border payments, fraud, virtual card rails, BNPL adoption in travel, and how Wise, Adyen, Stripe and incumbents like Amex carve up the corridor.

Photograph: Unsplash
$3.4T
Annual cross-border travel transaction volume
Source: Visa, Concourse estimate
~1.8%
Typical FX margin retained on cross-border travel txns
Source: Industry interviews
+38%
BNPL travel volume YoY (US, 2025)
Source: Affirm, Klarna disclosures
On our watchlist

Companies we track in Travel Fintech.

The names we follow most closely in this sector. Not investment advice — just where we are spending the most analytic time.

Adyen
Stripe
Wise
Visa
Mastercard
American Express
Amex GBT
Affirm
Klarna
Nium
In the field

Travel Fintech, illustrated.

Payment terminal
Payments is where margin quietly moves while the headlines focus on UX.
Credit cards
Virtual cards are eating supplier disbursement faster than the market thinks.
Office calculations
FX corridor strategy is now a board-level question for the largest OTAs.