JAKARTA, Indonesia, Oct. 13, 2015 /PRNewswire/ --
CyberSource, a Visa Inc. company (NYSE: V), and one of the world's largest providers of eCommerce payment management services, today announced a partnership with Traveloka, Indonesia's fast-growing online travel agency (OTA). This agreement allows Traveloka to provide reliable and secure payment services for its customers through web and mobile channels.
Through this partnership, Traveloka will be able to utilize CyberSource's payment gateway services to process web and mobile payments from multiple issuers. To secure the checkout process, Traveloka will also deploy CyberSource Payment Tokenization, which replaces sensitive payment data with a unique identifier or token that cannot be mathematically reversed. The actual payment data is securely stored in CyberSource data centers, which are operated by Visa. Together with CyberSource Decision Manager, which features the World's Largest Fraud Detection Radar, these solutions will help Traveloka to process a wider spectrum of payment methods in a fast and secure manner.
Since the launch of Traveloka in 2012, the company has grown from a flight metasearch engine to become the leader in Indonesia's OTA market. The company provides vast selections of competitive hotel rates and tickets for domestic and international flights. It was essential for Traveloka to streamline and simplify its business operations to focus on more strategic business objectives and maintain its competitive advantage.
"As a leader in an emerging online travel market such as Indonesia, we believe that delivering a top-notch, end-to-end experience to our customers is instrumental to our growth. Our customer's payment journey is a key component of this experience and we are delighted to partner with CyberSource, a trusted and established name in the payment management space. CyberSource solutions will enable us to deliver a faster and more convenient booking experience for our customers securely, especially with the TravelokaQuick feature on our mobile app and web channel," said Samsu Sempena, Head of Commerce, Traveloka.
"Online travel sales in Indonesia is gaining momentum as Internet penetration grows and consumers increasingly shift to online transactions for convenience[1]. In addition, mobile transactions have boomed as the number of mobile phones equipped with data plans increases[2]. CyberSource recognizes that Indonesia's thriving online travel market has immense growth potential. We are delighted to work with Traveloka to realize its goals, by providing a hassle-free, end-to-end, online payment experience which enhances customer experience and promotes customer loyalty," said Chew Ann Wee, Senior Regional Director, Southeast Asia, CyberSource.
About CyberSource
CyberSource, a wholly-owned subsidiary of Visa Inc., is a payment management company. Over 400,000 businesses worldwide use CyberSource and Authorize.Net brand solutions to process online payments, streamline fraud management, and simplify payment security. The company is headquartered in Foster City, California and maintains offices throughout the world, with regional headquarters in Singapore, Tokyo, Miami / Sao Paulo and Reading, U.K. CyberSource operates in Europe under agreement with Visa Europe. For more information, please visit http://www.cybersource.com/asiapacific.
About Traveloka
Traveloka is one of Southeast Asia's fastest-growing tech company that provides online booking service for flights and hotels, headquartered in Jakarta, Indonesia. The company was founded by three Indonesian technology information practitioners with years of work experience at tech companies in Silicon Valley. The company has established partnerships with 33 airlines serving more than 18,000 different routes in Asia Pacific. Traveloka also has listed more than thousands of hotels all over South East Asia, Japan, Hong Kong, and South Korea. For more information about Traveloka, please visit http://press.traveloka.com/.
Media contact:
Felicia Ang
Ying Communications
+65-9113-9636
felicia.ang@yingcomms.com
[1]Euromonitor International,Travel and Tourism in Indonesia, September 2014
[2] Euromonitor International,Travel and Tourism in Indonesia, September 2014
