FinMont is pleased to announce its partnership with the Lufthansa Group. The Lufthansa Group is one of the leading airlines in the world. FinMont works with the Group to enhance B2B payments using its innovative platform.

This new partnership also includes Camino Network’s Blockchain solution designed specifically for the travel sector to document all transaction. This advanced solution, facilitated through Chain4Travel will be an integral component of the FinMont payments ecosystem.

FinMont was launched by the founders of German carrier Hahn Air to offer a unique solution for the travel industry that streamlines B2C and B2B payments. Combining B2C and B2B payments into one view will allow decision-makers to identify inefficiencies in current payment processes.

The Lufthansa Group has operations around the world. It is a leader in its home market, Europe. With 96.677 employees, Group generated revenue of EUR35.442m during the financial year. The Group is divided into the segments Passenger Airlines, Aviation Services and Aviation Services.

FinMont will integrate its payment orchestration platform, which is designed to enhance and streamline B2B payments in non-BSP markets, into the global payment system of The Lufthansa Group. FinMont’s ecosystem of payment solutions will support the airline’s global operations by optimising and improving the efficiency of existing payment workflows.

Suby Valluri, CEO of FinMont, commented on the partnership:

“We are excited to welcome The Lufthansa Group as a valued client and partner. This collaboration demonstrates our commitment to revolutionising the payment orchestration in the travel industry. Our advanced payment eco-system is designed to deliver a truly innovative solution for global providers, like The Lufthansa Group. We provide seamless, efficient payment processing that meets their complex needs.”

A Lufthansa spokesperson added: 

“Our goal at The Lufthansa Group is always to improve operational efficiency while maintaining the highest level of service for our customers. FinMont’s platform simplifies complex payment processes and reduces the risk of error. We look forward to an effective collaboration that enhances B2B payments in Non-BSP market.”

Views: 2,677



Related to the topic:
  • Air India and Lufthansa Group extend codeshare partnership Air India Group and Lufthansa Group decided to expand their longstanding codeshare partnership. Air India will enter a codeshare arrangement with Austrian Airlines, and expand existing codeshare arrangements among Air India Lufthansa Swiss International Air Lines. The expanded partnership increases flight options and connectivity from the Indian Subcontinent to Europe with the additions of nearly 60 codeshared routes, operated between 12 Indian cities and26 European cities. The expanded agreements increase the total number of codeshare routes between Air India, Lufthansa and SWISS from 55 to nearly 100. The new agreement will also add 26 codeshare flights.…

  • Lufthansa Group completes its 41 percent stake in ITA Airways The Italian Ministry of Economy and Finance, MEF, and Europe's largest aviation group completed the transaction today. As a result, the Lufthansa Group has a 41 percent stake in the Italian airline ITA Airways. MEF will initially hold the remaining 59 percent. The two parties agreed in May of 2023 that Deutsche Lufthansa AG was to acquire a minority stake (41%) in ITA Airways. The European Commission recently approved the participating by approving the remedies in November 2024. Since then, participation has been approved by other competition authorities from outside the EU. The first investment step…

  • Lufthansa: New First Class Premium Experience Now, the travel experience in Lufthansa First Class is even more exclusive with the new cabin interior. Allegris First Class is available on summer timetable flights from Munich to San Francisco and Chicago. Also, flights from Munich are offered to Shanghai, Bengaluru, San Diego, San Diego and San Diego. Travelers will also be able to enjoy the new cabin products in Economy Class, Premium Economy Class and Business class on flights to New York Newark (from the middle of April) and Charlotte from the beginning August. Lufthansa has been flying nine A350-900s since February with…

RELATED ARTICLESMORE FROM AUTHOR