Pax2Pay
- Company typePrivate
- Founded2019
- HeadquartersBristol, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
Pax2Pay firmographics
Firmographics- Name
- Pax2Pay
- Legal name
- Pax2pay Limited
- Website
- https://pax2pay.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Pax2Pay industry classification
Industry- Product category
- Travel Industry Payment Solutions
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Travel Payments & Virtual Cards for Corporate Travel (THALAMAJ)
Keywords
Where Pax2Pay is headquartered
LocationHeadquarters
- HQ city
- Bristol
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Pax2Pay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Interchange Fee Rebates: Pax2pay offers rebates on interchange fees to OTAs on all virtual card payments made. The company shares a portion of the interchange fees collected on each transaction, enabling businesses to convert payments from a cost centre into a revenue stream. This can represent up to 20% of annual revenue for some OTAs.
- FX Margins: Revenue generated from foreign exchange transactions when customers transact across different currencies. The company offers transparent 24/7 FX rates.
- Payment Processing Fees: Fees associated with processing virtual card, bank transfer, and invoice payment transactions for travel businesses.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Enterprise and OTA custom pricing |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
Pax2Pay product offering
Product offeringCore offering
Pax2Pay is a digital payments platform built specifically for the travel industry, offering virtual card issuing, international bank transfers, multi-currency funding accounts, and invoice payment processing. It enables Online Travel Agencies (OTAs), airlines, hotels, and tour operators to make B2B supplier payments across 35 countries and 11 currencies, while earning interchange fee rebates that turn payments into a revenue stream.
Product overview
Pax2Pay is a digital payments platform offering a unified suite of B2B payment solutions for the travel industry, primarily serving Online Travel Agencies (OTAs), airlines, and travel businesses. The platform operates as a modular architecture centred around four core products: Virtual Card Issuing, Bank Transfers, Account Creation, and Invoice Payments. These core products work together as an integrated platform, enabling businesses to issue virtual cards, make international bank transfers, create multi-currency funding accounts, and process invoices at scale. The platform is powered by a Payments Optimisation Engine that intelligently selects optimal payment methods for each transaction. Additional security and control features include Merchant Locking, Custom Card Activation & Expiry, and spending controls. Pax2Pay processes billions in annual volume across 35 countries and 11 currencies, with strategic partnerships with Visa, Diners Club International, and Modulr for underlying payment infrastructure.
Differentiator
Problem solved
Functional benefit
Products and services
- Virtual Card Issuing Virtual card solution enabling travel businesses to issue single and multi-use virtual cards for supplier payments in local currencies. Supports real-time card generation via API, automated reporting, spending controls, and rebate earnings on payments.
- Bank Transfers International bank transfer solution enabling payments to suppliers in local currencies across 35 countries in 11 currencies with real-time payout capabilities including Faster Payments (GBP) and SEPA Instant (EUR).
- Account Creation Funding account generation service enabling businesses to create accounts in their business name in 11 currencies across Europe, keeping funds on the balance sheet with transparent 24/7 FX rates to minimise FX exposure.
- Invoice Payments Invoice processing solution enabling businesses to settle thousands of invoices via bank transfer or card payment, processing from 1 to 100,000 simultaneously, with built-in rebate earnings on card-settled invoices.
- Air2pay Bank transfer-based payment solution for airlines that reduces card transaction costs by leveraging modern and secure instant banking payments as a transparent alternative to card network fees. Developed in collaboration with Paxport.
Quantifiable outcome
- Up to 20% of annual OTA revenue can come from interchange rebates
- +3 more outcomes
Companies that use Pax2Pay
Customer profileNamed customers11 records
Segments5 records
Ideal customer profiles4 records
Pax2Pay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability2 records
Feature8 records
Pax2Pay partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and key.
- VisacorePreferred scheme partnership to launch the Visa Commercial Choice Travel Programme. Enables online travel agents to pay suppliers seamlessly via Pax2pay's virtual card solution using Visa's secure payment infrastructure. Marks significant step in Pax2pay's mission to deliver innovative payment solutions to the travel ecosystem.
- Paxport GroupcoreLaunch of Air2pay solution - a collaboration enabling airlines to lower card transaction costs using secure bank transfers. Paxport provides airline distribution technology while Pax2pay powers the payment infrastructure. Paxport Group (parent) serves over 80 airlines and 250 travel businesses.
- Diners Club InternationalcoreKey issuing partner in the UK for Diners Club International, part of the Discover Global Network. Pax2pay's virtual card technology enables Diners Club to offer travel-specific virtual cards optimised for costs and acceptance rates. Extends Diners Club footprint in the business and travel sector.
- Modulr Finance B.V.corePax2pay Ltd is a partner of Modulr Finance B.V., registered in the Netherlands and authorised by Dutch Central Bank (DNB) as Electronic Money Institution. Modulr provides the underlying EMI infrastructure for Pax2pay's EU operations and card issuance.
- Modulr FS LimitedcorePax2pay Ltd is a registered EMD agent of Modulr FS Limited, authorised and regulated by the FCA as Electronic Money Institution (Reference: 900573). Modulr provides the underlying payment account infrastructure for Pax2pay's UK operations.
- PaxportcorePaxport (part of PaxGroup family) provides technology solutions for the travel industry. Their PaxFab platform integrates directly with Pax2pay for seamless find, book, and payment experience. Part of the same corporate group as Pax2pay.
- VoxelkeyBased in Barcelona, Voxel has 20 years of experience developing technology solutions for travel industry. Companies connected to baVel Pay's Payment Manager can use Pax2pay's digital payment solution.
- NetstormingkeyBased in Venice, Italy, Netstorming develops innovative travel technology software. Their clients are offered Pax2pay's digital payment solution capable of delivering improved payment experience through virtual cards, bank transfers, and real-time monitoring.
- HitchHikerkeyBased in Frankfurt, Germany, HitchHiker is a leading independent provider of software for global travel industry, specialising in content aggregation and online booking solutions. Offers Pax2pay's advanced digital payment solution to their customers.
- Ypsilon.net AGkeyBased in Frankfurt, Ypsilon.net is a leading technology and content provider for the travel industry with thousands of customers worldwide. Provides Pax2pay's award-winning digital payment solution to their client base.
- ModulrcoreModulr is a technology partner providing the underlying EMI infrastructure. Pax2pay uses Modulr's API for payment account creation and management across UK and EU markets.
- Transact Payments LimitedkeyTransact Payments Limited issues Mastercard cards pursuant to licence by Mastercard International and Visa cards pursuant to licence by Visa Europe Limited. Authorised by Gibraltar Financial Services Commission.
Scale indicators8 records
Recent moves9 records
Expansion highlights6 records
Pax2Pay competitors and assessment
Company assessmentDirect peers
- Ixaris: Travel-focused payments platform offering virtual cards, prepaid, and payment processing solutions for OTAs, airlines, and travel suppliers. Pax2Pay's CSO Tony Hart previously worked at Ixaris, making it a closely overlapping competitor in the same niche.
- eNett (a WEX company): Specialist in virtual card payments for the travel industry, now owned by WEX. Pax2Pay's leadership (CSO Tony Hart and MD Torsten Gros) previously held senior roles at eNett, and both compete in OTA/airline supplier payment virtualisation with travel-specific reconciliation.
- Conferma Pay: UK-based virtual card and B2B payment platform focused on the travel industry. Most direct competitor — Pax2Pay's MD Dave Robinson previously worked at Conferma Pay, and both target OTAs, airlines, and TMCs with virtual card issuance and reconciliation tied to booking data.
Broad incumbents
- Amadeus: Global travel technology and GDS giant that has expanded into payment solutions (Amadeus Pay) for airlines and travel sellers. Massive incumbent with global reach; competes indirectly with Pax2Pay where travel sellers evaluate integrated payment offerings from their primary tech provider.
- WEX Inc. Large corporate payment solutions provider whose travel segment (via eNett) competes directly with Pax2Pay, but also offers fleet, healthcare, and benefits payments. Wider product portfolio and much larger balance sheet give WEX broader commercial leverage.
- Sabre: Major GDS and travel technology provider offering payment solutions alongside its core distribution and technology platforms. Indirect competitor — Sabre's payment capabilities bundle with its broader tech stack, creating cross-sell pressure on travel sellers evaluating Pax2Pay.
- AirPlus: Established corporate travel payment specialist (owned by Lufthansa Group) offering virtual cards, central bill accounts, and travel payment solutions. Comparable in customer overlap (corporate travel, OTAs, TMCs) but operates at significantly larger scale and broader portfolio.
Emerging players
- Marqeta: Modern card issuing and payment platform used by fintechs to build virtual card products. Comparable technology layer underneath travel payment offerings; less travel-specialised than Pax2Pay but its issuing infrastructure is a substitute that partners like Modulr could route volume to.
- CellPoint Digital: Travel payment orchestration platform enabling airlines, OTAs, and hotels to optimise payment routing, acceptance, and FX. Adjacent competitor with overlapping travel customer base but different core focus on payment orchestration rather than virtual card issuance.
Others
- Modulr: Payments-as-a-service provider supplying the underlying EMI infrastructure for Pax2Pay in the UK and EU. Strategic enabler and infrastructure dependency — also competes upstream with embedded payment products that could, over time, encroach on Pax2Pay's virtual card proposition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Pax2Pay social profiles
Digital presencePax2Pay financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pax2Pay leadership team
Management profileNumber of profiles
Profiles4 records
Pax2Pay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pax2Pay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pax2Pay
What does Pax2Pay do?
Pax2Pay is a digital payments platform built specifically for the travel industry, offering virtual card issuing, international bank transfers, multi-currency funding accounts, and invoice payment processing. It enables Online Travel Agencies (OTAs), airlines, hotels, and tour operators to make B2B supplier payments across 35 countries and 11 currencies, while earning interchange fee rebates that turn payments into a revenue stream.
Is Pax2Pay a public or private company?
Pax2Pay is a private company. It is classified as corporate owned and is currently operating.
When was Pax2Pay founded?
Pax2Pay was founded in 2019. It employs 1 to 10 people.
Where is Pax2Pay based?
Pax2Pay is headquartered in Bristol, United Kingdom, in the Europe region.
How does Pax2Pay make money?
Three revenue lines are on record. Interchange Fee Rebates are the primary driver. The others are FX Margins and payment Processing Fees.
Who are Pax2Pay's main competitors?
Direct peers on record are Ixaris, eNett (a WEX company) and Conferma Pay. Broad incumbents are Amadeus, WEX Inc., Sabre and AirPlus. Emerging players are Marqeta and CellPoint Digital. Modulr is listed as an others.
Does Pax2Pay have an API?
Yes. Pax2Pay offers open and secure APIs for real-time payment processing. The API enables connecting booking channels directly to Pax2pay, automatically generating virtual cards for each transaction while capturing essential data such as flight numbers and passenger names. The API supports virtual card management including creation, cancellation, and real-time reporting. Reconciliation reports can be scheduled and downloaded via API, and ERP integrations are supported through CSV exports and full API access. The platform captures custom metadata for transactions and enables integration with accounting or ERP systems.
What industry is Pax2Pay in?
Pax2Pay's product category is Travel Industry Payment Solutions. Its primary akta.pro industry code is THALAMAJ, Travel Payments & Virtual Cards for Corporate Travel. Its SIC code is 6199.