Booking.com announced the creation of a new internal FinTech business unit to facilitate seamless access to the company’s global travel marketplace for both customers and partners.
As a truly global e-commerce company with business operations in nearly every country and city on the planet, Booking.com’s vision behind creating this new business unit is to further remove financial friction from the travel process, making buying and selling travel-related products and services truly easier for everyone.
Booking.com’s new FinTech unit will be headed by Senior Vice President, Daniel Marovitz, who has been leading the company’s payments products strategy since 2017. He brings over two decades of executive experience in a broad range of fields including banking, social media, and e-commerce.
With a cross-functional team based in Amsterdam and Shanghai, and plans to expand the unit to 400+ FinTech experts by the end of 2021, the aim is to continue developing new products that strengthen Booking.com’s position as the platform of choice for travel providers and businesses worldwide.