Boodil, an innovative payments fintech, has partnered with Aquilium Travel, a leading luxury travel agency in Cheshire known for its bespoke experiences. This partnership represents a major step forward in Boodil’s goal to revolutionize payment processing within the travel sector through its cutting-edge open banking platform.
Launched last year, Boodil’s travel payments platform is tailored to the specific needs of travel merchants, offering a secure, cost-efficient, and seamless alternative to traditional card payments by harnessing Open Banking technology. Having already partnered with major industry players like The Advantage Travel Partnership and more than 150 travel companies, Boodil’s collaboration with Aquilium Travel further cements its role as a disruptive force in travel fintech.
By integrating Boodil’s Open Banking payment solution, Aquilium Travel can now shift a significant portion of its card payment processing volume to a more economical and streamlined system. This transition enables Aquilium to save up to 75% on payment processing fees compared to conventional card methods, delivering substantial cost efficiencies. Additionally, Boodil’s instant settlement feature ensures funds arrive immediately, enhancing cash flow and simplifying reconciliation with gross settlement capabilities.
“Partnering with Boodil has been hugely beneficial for our business. Their Open Banking platform has not only reduced our costs but also simplified our payment processes, allowing us to focus on creating unforgettable travel experiences for our clients.” – David Mayer, Managing Director, Aquilium Travel
Boodil’s platform prioritises customer convenience and security. Payments are completed in under 10 seconds through a user-friendly interface, requiring only a few clicks to authenticate via two-factor, banking-level security protocols. This robust authentication ensures that transactions are among the most secure in the industry, providing peace of mind for both Aquilium’s discerning clientele and the company itself.
“Pay by Bank is a game-changer for high-value transactions especially in luxury travel where transactions can be north of £10,000. There is no card limits or costly processing fees, with customisable per-transaction caps. It’s also safer, faster, and more cost-effective than the time-consuming alternative of manual bank transfers.” suggests Boodil’s CEO, Harry Luscombe.
The platform’s intuitive backend dashboard empowers Aquilium with comprehensive transaction insights. Key features include real-time status updates for payment links, automated scheduling of variable-amount payment links, split payment options, and the ability for team members to receive instant notifications of completed payments. These tools streamline the payment and operational process, allowing Aquilium to focus on crafting exceptional travel experiences while Boodil handles the financial logistics.
This partnership emphasises Boodil’s commitment to revolutionising payment solutions for the travel industry. By combining cutting-edge technology with a deep understanding of travel merchants’ needs, Boodil is paving the way for a more efficient and cost-effective payment ecosystem. For Aquilium Travel, the collaboration enhances operational efficiency, strengthens client trust through secure transactions, and positions the business for continued growth in the competitive luxury travel market.
Sam Owens, COO at Boodil, commented: “Our partnership with Aquilium Travel exemplifies the transformative potential of Open Banking for the travel sector. By offering faster settlements, unparalleled security, and significant cost savings—up to 75% compared to traditional card payments—Boodil empowers luxury travel agencies like Aquilium to operate more efficiently and deliver greater value to their clients. We’re thrilled to support Aquilium in optimising their payment processes.”
