The Travel Network Group has brought in an Australian travel industry fintech provider to update its travel payments technology.
Sydney-based Mint Payments, which processes £1.7 billion transactions a year, is positioning the TTNG deal as a springboard for expansion into the UK.
Mint has built integrations with UK payment systems and travel booking software and established a UK-based team to support TTNG’s 1,100 members and future clients.
The UK is seen as a “significant market opportunity” with transactions on its platform predicted to grow to £2.2 billion in 2026-27.
More than 4,500 UK travel agencies process an estimated £75 billion in consumer and business-to-business payments annually, a market four times larger than Australia.
Mint provides agents with automated payment flows, flexible customer payment options, multi-currency facilities, chargeback guarantees, and integration with the technology they use.
Company chief executive Alex Teoh said: “The UK travel payments market remains dominated by incumbent banks but they do not understand the intricate requirements of the travel industry and have not provided innovative, cost-effective solutions to help travel businesses grow.
“Travel is known for customer excellence, but this level of excellence is rare in financial services and pay-tech serving the industry – it represents a significant opportunity for Mint to shake up the market.”
He added: “The UK is the logical first step for international expansion.
“Travel agents here face the same payment workflow challenges we’ve solved in Australia. Fragmented systems, poor support, and products not built for how they actually operate.
“We know this industry, the regulatory environment and we know how to improve it.”
TTNG chief executive Gary Lewis said: “We are committed to giving our members technology that supports their businesses, and payments are a critical part of that journey.
“Mint’s expertise in the travel industry, combined with their innovative tools like Mint Protect and a dedicated support team based in the UK makes them the right partner to provide our members with secure, efficient, and future-ready payment solutions.”