Ryanair overhauls payments amidst airport chaos

Ryanair is partnering with FinTech APEXX to overhaul the low-cost carrier’s legacy payments infrastructure.

The platform combines acquirers, gateways, shopping carts and Alternative Payments Methods into a single API connection.

The move comes as the aviation industry faces a post-pandemic rush and staff shortages which have led to flight cancellations.

It follows an announcement by Ryanair that staff will strike on 24,25,26, and 30 June, as well as 1 and 2 July over pay and working conditions.

The new technology is being rolled out to help the budget airline improve conversion rates and lower local and cross-border transaction costs.

“The entire travel industry has faced huge challenges due to the pandemic, which makes it more important than ever to have a payments process that is as seamless and efficient as possible,” said John Norton, group treasurer at Ryanair. “APEXX’s approach prioritises merchants, lowers costs and boosts conversion rates, which means that we are well positioned to capitalise on the rebound in international travel across Europe.”

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