rezio is an integrated software-as-a-service solution that helps travel and tour businesses reduce operational costs. Through rezio, travel businesses can easily set up a booking website that works with multiple payment gateways, does real-time inventory management across different channels and creates customised vouchers for various booking scenarios. Given 2C2P's extensive payment network and local presence across Asia, the partnership provides rezio's clients with a strategic advantage to accept any kind of payment from their target customer, be it cards or wallets.
Southeast Asia's tourism sector was badly hit by the impact of the COVID-19 pandemic, with 98% fewer international arrivals in 2021 compared to 2019 resulting in an 8.4% loss to the region's total GDP in 2021, according to the United Nations World Tourism Organization.
Helping the travel industry rebound quickly and sustainably with the right digital tools is critical for business success. The pandemic pushed many consumers worldwide into using digital and contactless payment methods, propelling these payments capabilities from "nice-to-have" to "essential" status for travel businesses. According to an IDC report commissioned by 2C2P, e-commerce spending will rise by 162% to reach US$179.8 billion by 2025 across Southeast Asia, with digital payments accounting for 91% of total ecommerce payments.
"rezio is excited to work with 2C2P to help travel businesses optimize payments and connect them to the world. 2C2P's innovative and comprehensive payment offering can give the boost that attraction, tour and activity operators need, driving increased sales and accelerating their digital transformation. With this partnership, it reinforces rezio's mission to empower our merchant's business to sell more in an efficient and effective way," said Jasmine Lin, Chief Executive Officer of rezio.
"2C2P is delighted to partner with rezio and support the travel and tourism sector's recovery in Southeast Asia. The huge shift towards digital payments has created vast opportunities for businesses of all sizes. Our partnership will help travel companies gain a competitive edge in this fast-evolving landscape, providing a fast, easy-to-use, secure, and seamless customer experience and the payment methods consumers want," said Agnes Chua, Executive Director of Business and Product Development of 2C2P.