PRECISION and FinMont Partner to Drive Innovation and Solve Fraud Challenges in Travel Payments

Stockholm, Sweden, February 3, 2025 - PRECISION, a leading risk management solution built from travel, and FinMont, the global payment orchestration platform for the travel industry, have partnered to tackle one of the travel sector's biggest challenges: payment fraud. According to an MRC report, payment fraud costs airlines an alarming 3.1% of their annual global e-commerce revenue, underscoring the urgent need for advanced, tailored payment solutions in the travel industry.

This collaboration addresses these challenges by integrating PRECISION’s proven fraud prevention technology into FinMont’s platform, creating a next-generation payment ecosystem tailored to address the unique complexities of travel payments.

FinMont was founded by the owners of Hahn Air, a German airline with over 80 years of industry experience. This extensive expertise has given them deep insights into the sector’s need for streamlined payment solutions. Unlike other available options, FinMont offers a unique solution that integrates both B2B payments and B2C into a single view, enabling decision-makers to identify and resolve inefficiencies in their payment processes.

PRECISION, born from Etraveli Group's 20+ years of expertise in travel and technology, stands at the forefront of fraud prevention. With a track record of handling multibillion-dollar volumes across 200+ territories, it delivers an unmatched defense against travel fraud. By orchestrating robust proprietary technology with flexible integrations, it empowers travel businesses to grow in a fast-moving environment with ever-evolving challenges.

Peny Rizou, Chief Fintech Officer, Etraveli Group added "We are thrilled to partner with FinMont to bring our pioneering fraud prevention solution to more travel merchants worldwide. This collaboration reflects our shared vision of advancing payment security and efficiency for travel businesses while ensuring a seamless and reliable payment experience."

Suby Valluri, CEO of FinMont, commented, "Our partnership with PRECISION represents an exciting leap forward in our mission to simplify and optimise payment processes for the travel industry. Together, we will empower travel merchants to overcome the challenges of traditional payment systems, ensuring they stay competitive and efficient."

This partnership underscores both companies' dedication to innovation in the global travel industry. By integrating PRECISION’s state-of-the-art fraud prevention technology and a holistic 360° approach, which not only reduces fraud costs but also boosts sales, FinMont will offer its global network of travel merchants a more secure, efficient, and customer-friendly payment ecosystem.

About PRECISION
Etraveli Group launched EG Fintech Solutions to bring its advanced fintech capabilities to the broader travel market. Its first product, PRECISION, is a Risk Management Solution tailored for travel sellers and airlines. Backed by over 20 years of expertise in fraud prevention in the industry and handling multibillion-dollar volumes across 200+ territories, it delivers unparalleled defense against fraud through orchestrating robust in-house technology with different integrations. Powered by a team of over 100 FinTech experts, PRECISION helps travel businesses stay ahead of fraud and drive growth.

For more information about PRECISION and how it can benefit your business, visit:
PRECISION Website
PRECISION LinkedIn

Etraveli Group Website
Etraveli Group LinkedIn

About FinMont
FinMont is an end-to-end omnichannel travel payment management platform. The founders of German airline, Hahn Air, launched FinMont to offer the travel industry a unique solution that, unlike other options available, streamlines not only B2C payments but also B2B payments. Combining both payments into a single view will help decision-makers identify and fix inefficiencies in their current payment processes. The firm’s mission is to help travel merchants use payments as a strategic tool to stand out from their competitors.