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SafetyPay partners with LATAM Airlines Group to provide digital payment solutions, including bank transfers and cash payments

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SafetyPay partners with LATAM Airlines Group to provide digital payment solutions, including bank transfers and cash payments

SafetyPay, a leading digital alternative payment platforms providing solutions across Latin America and Europe, today announces a new partnership with LATAM Airlines Group, to enable its digital payment wallet and thus, contributing to the airline’s digital transformation project.

SafetyPay’s solution will allow non-card holders and fraud-wary consumers to participate in the purchase of airline tickets via bank transfer or cash without sharing their information online. The platform expands the possibility for LATAM Airlines Group to access more customers by accepting alternative forms of payment.

LATAM, the airline group that best serves connectivity within the region and South America along with the rest of the continents, has been focusing on its digital transformation with the goal of offering customers a better online and digital experience when flying. This spans the entire journey beginning with the planning and purchasing, all the way to the end of their travel. The digital solution now offered, and enabled by SafetyPay, aims to provide bank transfers and cash payment solutions, in addition to credit card transactions, for all customers. The digital solution also seeks to reduce the number of required fields and minutes to purchase a ticket, reducing it in more than 10 minutes. New purchase transactions will reduce the number of fields from 18 to two, and the number of minutes to complete a transaction to 4:55 minutes. Furthermore, the airline will be able to send instant confirmations and tickets to its customers.

“Providing a payment solution to include un- and under-banked customers has been one of the key goals of SafetyPay since it was founded more than a decade ago,” said Gustavo Ruiz Moya, CEO, SafetyPay. “Offering a secure, risk-fraud, payment solution to buy airline tickets using a digital wallet is key to tap a larger number of customers that either do not have credit cards or have them but do not want to use. Our payments solutions which leverage the latest technology to protect our customers and offer them the best experience online will contribute to a better and quicker online sales experience.”

The partnership was recently launched in Chile, Colombia and Ecuador, while other markets such as Brazil and Peru will follow next year.

SafetyPay currently partners with 380 banks in 17 countries worldwide, across Latin America, Europe and North America.

Nicolas Salazar, VP eBusiness for LATAM Airlines and head of the digital transformation team commented, “Since 2019, we have been implementing an ambitious transformation to build a customer centric end-to-end digital experience, and thus, make life easier for our passengers throughout their complete journey. We have been focusing on eliminating barriers, simplifying rules, reducing transaction times with a clear focus of improving our customer’s experience and creating value. The partnership with SafetyPay allows us to bring new digital payment solutions to our customers”.

About SafetyPay

Founded in 2007, SafetyPay is a secure alternative payments platform that enables e-commerce transactions for consumers and merchants. With a comprehensive suite of B2C and B2B payment solutions available, the company eliminates common pain points associated with traditional payment methods. SafetyPay makes it possible for non-card holders and fraud-wary consumers to participate in the online marketplace – shoppers are connected to merchants worldwide and pay directly from their bank accounts or with cash in local currency, without fear of online fraud as their bank information is not shared online. For merchants, SafetyPay enables incremental sales by processing payments of underbanked and international consumers, and reduces the number of chargebacks and cross-border fees. The platform currently partners with 380 banks in 17 countries worldwide, across Latin America, Europe and North America.

About LATAM Airlines Group S.A.

LATAM Airlines Group is Latin America’s leading airline group, with a presence in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, as well as international operations within Latin America and to Europe, the United States and the Caribbean.

The Group has a fleet of Boeing 767, 777, 787, Airbus A350, A321, A320, A320neo and A319 aircraft.

LATAM Airlines Group shares are traded on the Santiago de Chile Stock Exchange and in the United States its ADRs are traded on OTC (over-the-counter) markets.

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Nikola Positioned To Accelerate Hydrogen Economy

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Nikola Positioned To Accelerate Hydrogen Economy

Nikola Corporation (NASDAQ: NKLA) has secured an innovative electric rate schedule with Arizona Public Service Company (“APS”) that makes possible the accelerated development of hydrogen-based fueling solutions for the transportation industry.  Nikola is a company dedicated to the advancement of innovative zero-emissions truck solutions and the energy infrastructure required to make this feasible.  By facilitating low-cost production of hydrogen, the Arizona Corporation Commission’s (“ACC”) approval of this rate schedule paves the way for the curtailment of greenhouse gases in the transportation sector, while also providing benefits to key constituents via novel grid-balancing solutions.

Today’s unanimous approval of this agreement by the ACC provides Nikola with a competitive electric rate specifically designed for the production, processing, and dispensing of hydrogen. This will support, among other things, enabling a zero-emission heavy-duty freight corridor along the I-10 freeway between Los Angeles and Phoenix.  

APS’s competitive electric rate will help lead the creation of the hydrogen economy in Arizona.  Nikola estimates that under the rate structure it will be able to deliver hydrogen at market leading prices and within the ranges required for Nikola to offer competitive lease rates for its trucks customers.

The agreement reflects value that results from the curtailment flexibility that Nikola’s hydrogen production facilities are expected to provide to the electrical grid. These facilities will be configured to respond to the needs of the grid, for example by reducing Nikola’s energy consumption from the electric grid during heatwaves. This agreement will encourage Nikola to deploy capital within the state, increase electric load relating to hydrogen production, and further develop and employ a highly skilled and well-educated workforce.

Nikola CEO, Mark Russell, celebrated today’s critical milestone stating: “Nikola values the joint efforts of APS and the ACC to enable competitive electrolytic hydrogen production. The approval of this special rate for hydrogen production is critical for advancing the future of zero-emissions transportation and building a hydrogen economy.”

Nikola President of Energy and Commercial, Pablo Koziner, added, “Through this agreement, Nikola is assured a reliable and competitively priced source of electricity that will allow us to commence the development of hydrogen production facilities to serve the fueling needs of our truck customers.  The agreement sets an important precedent in showcasing that innovative operational solutions can be developed for the economic production of hydrogen that maximize benefits to all stakeholders.”

The approval of this agreement marks an important milestone. Going forward, Nikola will work with APS to finalize site selection and interconnection requirements to establish its first hydrogen production facility in Arizona.

“For decades, hydrogen has been a promising, but elusive, source of clean energy for both the transportation and power sectors.  We simply haven’t done enough to bring hydrogen to the mainstream,” stated Chairwoman Lea Márquez Peterson. “As we begin to enter a new energy economy, however, I want to ensure that we take all steps necessary to promote Arizona’s gradual and innovative move towards decarbonization. By supporting this application, we are doing exactly that.  Let’s make our great state the nation’s epicenter of hydrogen production, processing, and fueling, and let’s have Arizona serve as a model to other states about clean energy innovation.”

ABOUT NIKOLA CORPORATION:­

Nikola Corporation is a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona.

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Allseated Acquires easyRAUM To Further Expand European Presence

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Allseated Acquires easyRAUM To Further Expand European Presence

Allseated, a global leader in innovative event technology, announced today its acquisition of Dusseldorf based, easyRAUM GmbH to further scale its rapid expansion into the European market. The acquisition broadens Allseated’s market presence, bringing the full power of its event technology platforms to venues, brands, corporates, and planners across Europe.

A long-time leader and serving some of the biggest names in the German speaking market, easyRAUM’s reputation and reach has been second to none. With thousands of users powering large scale events, it has been successfully serving and expanding its customer base for the past fifteen years.

“This is a strategic move for us to further scale our business in Europe by combining easyRAUM’s market presence, amazing team and customer base with Allseated’s cutting-edge technology platform.”  said Yaron Lipshitz, Allseated CEO. “EasyRAUM has been a great partner of ours and we have worked so close together, that the acquisition seems more of a formality at this point. Thanks to our now German team, Allseated is now powering some of the largest venues and brands in the European market with our latest virtual event product exVo, already in use by the local industry” he added.

“We are pleased to open a new chapter with Allseated, for our customers, for the industry, and for our company” said Sabine Reise, Founder and Managing Director of easyRAUM and now Managing Director of Allseated GmbH. “Our many years of industry and market experience as well as the software development know-how complement the agile structures of Allseated perfectly”.

Sandy Hammer, co-founder and CMO of Allseated added: “The partnership with easyRAUM enabled us to short-circuit our expansion in this exciting market and to quickly bring value to some amazing brands. We are thrilled to have the team join our rapidly growing company.”

Financial terms of the transaction are not disclosed.

About Allseated

Allseated is one of the world’s most innovative event technology platform powering hundreds of thousands of events a year. Through a cutting-edge 3D visualization platform including floorplan design tools, venue virtual tours, and revolutionary virtual/hybrid event solution, Allseated is transforming the event industry and leveraging innovation with superior customer service to help clients grow their businesses.

Allseated Acquires easyRAUM To Further Expand European Presence

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GameChange Solar Unveils Bifacial Tracker Reflector Technology to Boost Power Production 15-20%

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GameChange Solar Unveils Bifacial Tracker Reflector Technology to Boost Power Production 15-20%

GameChange Solar today announced BifacialReflector™, a patent-pending new technology which dramatically increases power production for the GameChange Solar Genius Tracker™ with bifacial modules. The technology is a highly reflective (.95 albedo), permanent solid surface up to 4m wide, which reflects light from just above ground level to the back of the bifacial modules. This technology is a significant improvement over other ideas since it is not a ground cover which has a limited life and requires constant maintenance. BifacialReflector™ is a self-cleaning, long-term (40-year life) solution. The reflectors can boost the gain by up to an estimated total of 15-20% when using bifacial modules, which is approximately 5-8% extra gain versus other bifacial trackers which do not have BifacialReflector™ technology.

Andrew Worden, CEO of GameChange Solar, stated: “Solar power plant owners globally have been asking for a cost-effective, long life, maintenance-free, high reflectivity (.95 albedo) ground cover to place under trackers with bifacial modules. We are excited to have been able to provide a unique and superior solution, the BifacialReflector™ technology. Our technology has a significant power boost for bifacial modules and has a life of 40 years with no maintenance, making it a meaningful breakthrough for the industry.”

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