Mitsis Hotels-Voxel to Unveil Future Trends of B2B Digital Payments in Hospitality

The future trends of B2B digital payments in the hospitality sector will be unveiled at an event to be held by Greek hospitality group Mitsis Hotels and software company Voxel on Tuesday, February 21, in Athens.

Held under the auspices of the Greek Tourism Confederation (SETE), the “Future Trends in B2B Digital Payments in Hospitality” event will take place at the Sofitel Athens Airport hotel and provide insight on B2B payment and digitalization trends.

The event will be addressed by Greek Minister of State and Digital Governance Kyriakos Pierrakakis and Mitsis Hotels Managing Director Stavros Mitsis, followed by speakers from top-notch companies in the travel and fintech industries. Speakers will include representatives from Mastercard, MTS, TUI, Hotelbeds, Eurobank, Piraeus Bank, Planet, Mitsis Hotels and Voxel.

During the event, attendees will be able to explore the benefits of virtual payments and emerging forms of payments and electronic invoicing by listening to real testimonials and analyzing case studies.

“This is an event where the Greek hospitality industry will meet and work together for a brighter future,” the organizers said.

Main points of B2B payments and electronic invoicing in the hospitality sector:

– Back-office digitization to generate efficiencies that foster cost reduction.
– Digitizing the life cycle of B2B payments and its underlying processes.
– Emerging forms of payment.
– Virtual payments [Bank Accounts – Credit Cards].
– Hidden costs in B2B payments: working capital, acquisition costs, dispute resolution, late payments, breakage, etc.
– Frictionless B2B payments: timely, fully automated, error free and low cost.
– Benefits of electronic invoicing: average collection times and disputing elimination.

The “Future Trends in B2B Digital Payments in Hospitality” event will see several industry leaders presenting case studies to show how electronic invoicing has drastically eliminated inefficiencies and helped them improve payment promptness as well as their relationship with their suppliers.

The event will include a presentation on the Open Payment Alliance, a B2B payment standard for the travel industry.

Moreover, a panel session will also take place during which representatives of main Greek banks (Eurobank, Piraeus Bank) and European pioneer companies in the field of e-payment (Planet) will discuss the current and future trends of electronic payments in the hospitality sector.

Having its digital transformation as a high priority, Mitsis Hotels has become a pioneer in digital applications and the organization of events in collaboration with other businesses and sector bodies, aiming to promote innovative technology solutions to the tourism industry.

The “Future Trends in B2B Digital Payments in Hospitality” event will take place on February 21 at the Callisto conference center of the Sofitel Athens Airport hotel from 9am until 14:30.

Press here to register.