Checkout.com Powers Agoda's Global Travel Payments with AI-Driven Infrastructure
Payment service provider Checkout.com has partnered with the travel platform Agoda to optimize global transactions using AI-driven payment infrastructure. By employing real-time web data for smart routing, the system significantly reduces failure rates in cross-border payments and enhances fund processing efficiency.
What are the key facts?
- 1Partners: Checkout.com and Agoda
- 2Technology used: AI-driven payment routing (Intelligent Acceptance)
- 3Core goal: Reduce transaction failure rates, enhance global payment success rates
What happened?
Checkout.com has announced its collaboration with Agoda to deliver high-performance AI payment infrastructure. Its core technology, "Intelligent Acceptance," optimizes every transaction using real-time web data, employing intelligent routing and performance adjustments to reduce failure rates in cross-border, multi-currency transactions, ensuring reliability for large-scale payments.
What does this mean for cross-border sellers?
The application of AI in payments is becoming key to improving cross-border conversion rates; sellers should focus on adopting payment solutions that support smart routing to minimize order loss from payment failures.