SBC Travel Group Announces their White Label Travel Benefits Platform ‘SBC Direct Connect’ ahead of Official Launch at ITB Asia on 16-18 Oct

09 Sep 2019

SBC Travel Group, an emerging player in the travel tech, digital payments and business loyalty industry, has announced today – ahead of the official launch at ITB Asia on 16-18 Oct, ‘SBC Direct Connect’ their White Label Travel Benefits Platform, set to further strengthen the company’s position as a leading technology provider for the travel and hospitality sector.

Rising OTA commission costs, significant decline in direct hotel bookings, inability to identify new market segments, delayed or non-payments and inefficient settlement procedures are some of the key challenges faced by the travel & hospitality industry today. Perhaps most confronting is the increasing reliance of consumers on OTAs who processed more than 75% of global hotel bookings last year, costing hotels anywhere between 15% to 25% commission PER booking. It is expected OTA commissions would increase as OTAs continue to race to secure a larger share of the market.

‘SBC Direct Connect’ is SBC Travel Group’s Platform-as-a-Service (PaaS) response to these specific industry challenges. The innovative middleware platform streamlines the travel industry supply chain by directly connecting hospitality and travel suppliers (eg. airlines, hotels and tourism attraction operators) to large businesses with established closed user groups (CUG) looking to increase customer loyalty and overall profitability through a white label travel benefits solution. The platform’s USP is built around the core service that enables travel suppliers to connect directly to the consumer. SBC Direct Connect disrupts the inefficiencies of traditional payment systems by facilitating new payment methods such as Alipay, WeChat Pay, QR pay and Crypto Currencies. In addition, the platform has the capability to enable additional payment types specific to different geographies, providing exceptional flexibility and convenience to the modern traveller. Travel suppliers on the other hand can expect to benefit from a minimum of 33% cost reduction over traditional payment methods for cross border payments and up to 75% faster fund transfer speeds.

The platform provides both travel suppliers and community groups (CUG’s) a variety of other products and services including; hotel booking engines, multi-currency prepaid travel card functionality, rewards and loyalty platform management, digital voucher and anti-fraud ticketing solutions, digital and crypto currency issuance and management and a range of comprehensive payment and collection tools. Additionally, businesses and community group members will enjoy a wide range of value-add incentives such as attractive hotel partner rates on over 175,000 hotels worldwide, client branding on all travel agency assets and access to a VIP concierge service that provides personalized travel itineraries for members including flights, accommodation and experiences.

Daryn Griggs, SBC Travel Group CEO added, “We are excited by the upcoming launch of the SBC Direct Connect Platform and the critical role it will play in the future of travel bookings. Our team’s industry expertise and knowledge of disruptive technologies has already proven successful with the signing of a number of hotel chains and large closed user groups in Chinese market .”

SBC Direct Connect will launch at ITB Asia 16-18 October 2019. For more information on SBC Travel Group, please visit: https://sbctravel.io/ For interview requests, further press information, please contact Daryn Griggs at daryn@sbctravel.io

About SBC Travel Group: With a founding team that has over 50 years of combined experience spanning technology, finance, foreign exchange, payments and loyalty, SBC Travel is at the forefront of the travel industry when it comes to offering innovative technologies for travel & hospitality partners across the world. The SBC Travel Group of companies aims to provide a unique, innovative, affordable, and efficient “Direct Connect” Platform as a Service (PaaS) to connect travel related suppliers with businesses with large membership and / or client databases who want to provide a fully branded travel benefits platform to increase their customer engagement, retention and profitability.

SBC releases its DIRECT CONNECT PLATFORM

29 Jul 2019

The SBC Direct Connect Platform is a middleware technology Platform as a service (PaaS) which connects Travel Suppliers directly to large community databases to promote and sell their products at a lower distribution cost than the market offers today.

Various products and services, such as an Online Booking Engine, a Multi- Currency Prepaid Travel Card and a Sophisticated Rewards & Loyalty Management Program are integrated and accessible by both, travel suppliers and community groups.

Contact and further info
info@swissbloc.io

SBC Travel Group Announces the Merger of Global Direct and Fenex

06 Jun 2019

SBC Travel Group has today announced the merger of two of its subsidiaries, in a move that seeks to align commercial synergies and help maximize operational efficiencies across the businesses. The merger will see Fenex absorbed by Global Direct to create a world-class, diversified payment technologies business that is well placed to contest in a rapidly changing industry and to pursue global growth opportunities.

Daryn Griggs, CEO of SBC Travel Group said, “The amalgamation of our businesses was a decision driven by the opportunity to better meet the changing needs of our customers, diversify our offering and ultimately, build a business that was better positioned for the future. We are excited by this opportunity, which we believe will deliver greater value for our shareholders and material benefits for key stakeholders, including the tourism and hospitality industry, governments and business partners.”

Combining the two complementary businesses, gives SBC Travel Group the ability to provide even more compelling solutions for customers by leveraging existing banking partnerships, blockchain and other leading-edge technologies to deliver a host of transformative payment products and services.

Merger Highlights

• Produces a superior unified payments platform with increased scale and resources that benefits customers and other stakeholders substantially
• Enhanced market opportunity as a result of ability to provide complementary business offerings
• Accelerated delivery of technological innovation and market development
• Expected to generate greater financial benefits

As they work to deliver the value of the combined companies, SBC Travel Group maintains they are equally focused on the development of the existing blockchain products previously offered by Fenex and advancing Global Direct’s pace of delivery of payment solutions. The merger is set to deliver unsurpassed innovation in payment technologies and expanded business capabilities, offering customers an integrated network of products and services that are tailored to their businesses needs and address their highest priorities.

About Global Direct

Global Direct is at the forefront of cloud-based payment, settlement and clearing technologies, providing fully integrated transaction, risk, liquidity accounting and cash management solutions for financial institutions and corporates. Global Direct gives its customers the ability to monitor data and make critical business decisions in real-time, whilst continuing to invest in innovation and leading technologies to generate greater strategic opportunities.

About Fenex

Supported by Blockchain, modern Internet and SaaS technologies, Fenex provides an innovative network of payment products and services, set to revolutionise B2B transactions. The platform gives businesses the power to digitize receivables, automate processing, diminish time-to-cash, reduce transaction fees, and generates additional revenue opportunities.

For more information, please visit the company's website at www.globaldirect.io or contact:

SBC Travel Group
info@sbctravel.io