Emirates Partners Deutsche Bank to Launch New Payment Solution

Emirates Airline has partnered with Deutsche Bank to launch Emirates Pay, a new account-based payment method for purchasing air tickets.

Emirates Pay is now available for Emirates customers in Germany and the UK who are purchasing tickets on Emirates' website.

Emirates is the world’s first airline to launch this payment alternative powered by a white-label solution jointly developed by IATA in partnership with Deutsche Bank.

Michael Doersam, Chief Financial Officer at Emirates said, “Customers who don’t have a credit card, and those already using direct payments for other purchases, will welcome the simplicity and security of this method when making travel purchases. When it comes to payments solutions, we’ve always kept close to the latest innovations so that we can offer our customers in different markets the most secure and convenient options.”

Emirates Pay is an alternative method for travellers to pay for air tickets purchased online by directly debiting their bank account. It is based on real-time payments and Open Banking / Request-to-Pay schemes.

With this new solution, the airline provides all the necessary account and payment information and passengers approve the payment initiation via their online or mobile banking.

For airlines, the solution offers a cost-competitive payment alternative as it removes credit card fees - which can quickly mount up when dealing with large numbers of passengers, plus it has faster settlement times which supports enhanced airline liquidity and may reduce payment fraud.

For consumers, the solution is ideal for those who do not have a credit card as well as those who would prefer not to use one for their airline ticket purchases.

Christof Hofmann, Global Head of Corporate & Payment Solutions at Deutsche Bank, said, “We are very proud that Emirates, which is widely recognized as one of the world’s best airlines, is the first airline to implement the new payment solution. The launch of Emirates Pay not only sends a very positive message to all of us that the airline industry is putting COVID behind, but more importantly that Emirates is clearly focused on improving client experience at the transactional level when moving into a brighter, post-COVID world.”

See latest Travel Industry News, Video Interviews, Podcasts and other news regarding: Emirates, IATA, Deutsche Bank.