How Hotels Can Reduce Costs, Protect Margins, and Gain Loyalty with Remote Payments Innovation

Finance Derivative

Open Banking is bringing greater security, speed, and personalisation to guest payments across all areas of hospitality. Whether it’s reservations, meetings and events, food and beverage, or spa, open banking helps hotels protect their bottom line, reduce operational overhead and meet evolving consumer expectations head-on. Cards are still critically important, but offering guests choice is the key, especially where the transaction value is high.

“With an advanced pay-by-link service supporting both card and instant account-to-account bank payments, hotels can easily bring their checkout to wherever is most convenient for their guests – via SMS, WhatsApp, email, or web chat,” writes Donal McGuinness, CEO of Prommt