eNett International provides access to the South African travel industry with Virtual Account Numbers

eNett International, a leading provider of dedicated B2B travel payment solutions, has now made it possible for South African and international travel agents, to make payments in South African Rand using eNett Virtual Account Numbers (VANs).

A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs also reduce the risk of fraud and maximise protection against supplier default. Agents can also earn a rebate from the first transaction.

This currency extension means agents of all sizes can pay into a ZAR account, and make payments to South African suppliers in ZAR. Local agents will be connected to any travel supplier on the MasterCard online network. eNett’s customers will gain access to even more suppliers in South Africa now that they have a quick and easy method for paying them. These process efficiencies will simplify payments and lower costs for all agents.

eNett Managing Director and CEO, Anthony Hynes said, “The South African tourist industry, worth around $5.7 billion, is growing faster than the global average with over 9.6 million overseas visitors. Given this growth, eNett VANs will play a critical role in eliminating the pain points of making international payments to South African suppliers, as well as bringing the benefits of virtual payments to the domestic agents.”

“We’re excited that this latest development will enable even more travel companies to enjoy the lower costs and increased security offered by our innovative payment platform.”

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