Why Multicurrency Payment Processing Is First Exigency for The Travel Agency Merchant Account
The travel industry is the vast and most love industry in the market. People love to travel and visit new places across the globe. There are several ups and downs in this industry due to pandemics, but still, people are willing to explore the world. As per the report and research, the global online travel agency market hit a value of nearly $744.7 billion in 2019, rising at a CAGR of 7.9% since 2015. The market waned from $744.7 billion in 2019 to $595.8 billion in 2020 at a CAGR of -20%. Due to the COVID-19 pandemic globally, as most countries went into lockdown with severe travel restrictions. Consequently, industries like airlines, railways, hospitality, and tourism all suffered significant setbacks. The market is supposed to grow at a CAGR of 14.8% from 2021 and hit $902.2 billion in 2023. Amald helps travel merchants with a Travel Agency Merchant Account to make their payment processing way more convenient for you. Additionally, it gives you several other benefits which make