The Lufthansa Group partners with FinMont

FinMont, a global payment orchestration platform, is pleased announces its partnership with The Lufthansa Group, one of the world’s leading airlines. The Group works with FinMont on its innovative payment platform, enhancing B2B payment processes.

This new partnership will also incorporate Camino Network’s blockchain solution built specifically for the travel industry to document all transactions. This advanced solution is facilitated by Chain4Travel and will be an integral part of the payment processes through the FinMont payment ecosystem.

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 Lufthansa Group is an aviation group with operations worldwide. It plays a leading role in its European home market. With 96,677 employees, the Group generated revenue of EUR 35,442m in the financial year 2023. The Group comprises the Passenger Airlines and Aviation Services segments.

With this new partnership, The Lufthansa Group plans to integrate FinMont’s payment orchestration platform into its global payment system, helping enhance and streamline its B2B payment processes in Non-BSP markets. FinMont’s payment ecosystem will provide robust support for the airline’s global operations, optimising and helping improve the efficiency of its existing payment workflows.

Suby Valluri, CEO of FinMont, commented on the partnership, “We are excited to welcome The Lufthansa Group as a valued client and partner. This collaboration underscores our commitment to revolutionising payment orchestration within the travel industry. Our advanced payment ecosystem is designed to offer a truly unique solution for global providers like The Lufthansa Group, delivering seamless, efficient payment processes that meet their complex needs.”

A Lufthansa spokesperson added, “Our goal at The Lufthansa Group is always to improve operational efficiency while maintaining the highest level of service for our customers. FinMont’s payment platform allows us to simplify complex payment processes, saving time and reducing the risk of errors. We look forward to a successful collaboration that enhances our B2B payment processes in Non-BSP markets.”