Trust Payments Launches Virtual Cards for Travel Businesses, Powered by Weavr
New solution brings payment acceptance and supplier payments together, helping travel businesses improve visibility, simplify reconciliation and earn rebates on eligible payments London, UK. 3 November 2026: Trust Payments, a leading fintech innovator across the UK and EU, has launched Virtual Cards for travel businesses, powered by embedded finance provider Weavr, helping eligible travel companies manage supplier payments with greater visibility and control. Trust Payments already supports travel businesses in accepting payments from their customers. Virtual Cards extend that relationship to the other side of the payment journey, enabling businesses to pay approved travel suppliers that accept Visa using single-use Visa virtual cards in GBP and EUR. The type of card offered will be Visa Commercial Choice Travel (VCCT), a virtual card solution purpose-built for commercial entities to handle automated supplier settlements and secure business travel payments. Each Virtual Card is linked to an individual booking, connecting booking and payment data so transactions are easier for finance teams to identify, track and reconcile. Businesses fund their account by bank transfer, with spending made from the available balance. Supplier failure remains a particular risk for the travel sector, but chargebacks can make a real difference: close to US$60 million has been recovered across 14 airline failures since 2017, according to 2025 industry research Protecting Travel Intermediaries. Though recovery isn’t guaranteed, booking data associated with each Virtual Card can help support chargeback claims if a supplier fails to deliver, subject to card scheme rules. Single-use card details cannot be reused, and payments are monitored in real time to help reduce fraud risk. Eligible supplier payments can also earn rebates paid by Trust Payments, helping travel businesses get more value from outgoing payments alongside faster and simpler reconciliation. Rebate rates vary depending on card and supplier type. Virtual Cards are available to eligible travel businesses in the UK and EEA, subject to business verification and anti-money laundering checks. Laurence Booth, Group CEO of Trust Payments, said: “Travel businesses have to manage money moving in both directions. We already support our customers in accepting payments from travellers and Virtual Cards mean we can now help them manage supplier payments too. By linking each supplier payment to an individual booking, we can give travel businesses clearer oversight of outgoing spend and reduce the manual work involved in reconciliation. Working with Weavr enables us to extend the payments relationship we already have with travel customers and support more of their payment journey.” Alex Mifsud, CEO and Co-Founder of Weavr, said: “Merchant acquirers already sit at the heart of the payments relationship with travel businesses. Embedded virtual card issuing gives them an opportunity to complement acquiring with supplier payments without having to build that capability from the ground up. By working with Trust Payments, we can bring these capabilities to travel businesses through a provider they already know, helping them gain greater visibility and control over how they pay suppliers.” Find out more about Virtual Cards from Trust Payments at https://www.trustpayments.com/products/virtual-cards/. |
For all media enquiries, please contact: TrustPayments@skyparlour.com Regulatory information In the EEA, Virtual Cards by Trust Payments are issued by Weavr (Europe) Ltd (company no. C 98895), authorised by the Malta Financial Services Authority as a financial institution to issue electronic money (MFSA Financial Services Register ID: WEUR). The card is issued by Weavr (Europe) Ltd pursuant to license with Visa Inc. Funds are safeguarded in line with applicable law and are not covered by the Depositor Compensation Scheme. In the UK, payment services are provided by Payment Card Solutions (UK) Limited, trading as B4B Payments, a company registered in England and Wales under company number 05941947. The card is issued by B4B Payments pursuant to license with Visa Inc. Payment Card Solutions (UK) Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuance of electronic money (Firm Reference Number 930619). Electronic money is safeguarded in accordance with applicable regulatory requirements and is not protected by the Financial Services Compensation Scheme (FSCS). Fees may vary for this product – consult your Trust Payments Agreement for full information. About Trust Payments: Trust Payments is a leader in fintech powering truly innovative customer commerce solutions across the UK & EU. We provide on-demand payments and commerce services to help businesses grow and scale online, in-store and on mobile. Our focus is driving value for our clients through personalised services and innovative products that transform shopper experiences and are backed by secure and frictionless payments. Small, medium, and large enterprises benefit from our expertise that spans a quarter of a century. Trust Payments has a global footprint, with over 400 people across 9 offices supporting the most demanding business sectors including retail, travel, hospitality, forex and financial services amongst others. Our offerings incorporate several point-of-sale offerings from card terminals to full checkout tills, inventory management software, and mobile-first loyalty schemes. Our card acceptance is powered by an acquiring network of over 50 global banks. We hold Visa and Mastercard Principal Memberships and are also partnered with JCB and Discover Global Network in the UK & EU for cross-border business. We are licensed by both the UK Financial Conduct Authority and the Malta Financial Services Authority. Find out more at www.trustpayments.com About Weavr Weavr is a pan-European embedded finance infrastructure provider. Its platform enables software companies, payment providers and merchant acquirers to embed regulated financial services – including virtual and physical card issuing and e-money accounts – directly into their own products and customer journeys, without having to build that capability from the ground up. Weavr provides the APIs, programme management and compliance services needed to launch and scale financial products quickly. Its subsidiary, Weavr (Europe) Ltd, is authorised by the Malta Financial Services Authority as a financial institution to issue electronic money, and passported across the European Economic Area. Weavr was co-founded by Alex Mifsud, who previously co-founded Ixaris, an early pioneer of virtual card payments for the travel industry, acquired by Nium in 2021. Launched in 2020 and headquartered in London, Weavr is backed by investors including Tiger Global, QED Investors, Headline, Anthemis, Mubadala, LocalGlobe and Seedcamp. Find out more at |
