In a CSuite Info Strategic release intended to transform how hotel payments are processed in the hospitality industry, TerraPay and XanderPay have launched a new digital hotel payment solution in Los Angeles, California, USA.

This innovative offering has been developed to be responsive to the sophisticated financial needs of hotel brands and hotel property owner/operators, offering them cost-effective, efficient, simplified cross-border transactions.

It is a great moment for this hotel payment product to come at the time that Los Angeles hotel and hotel industry in the USA in general are moving towards digitalization. The combined power of TerraPay and XanderPay provides hotels a single point of control for financial management, gaining greater visibility into and control over hotel payments both international and domestic.

Hotels in the US and abroad, including Los Angeles, CA, often times experience a whole host of issues when it comes to inventory of foreign transactions including high banking fees, slow processing time, and a fragmented way of making payments.

To address these challenges, the combined offering of TerraPay and XanderPay offers a one-stop solution allowing hotels to accept payments in various modes without any hassle and thereby improving the management of hotel cash flow.

The TerraPay and Xanderpay hotel payment offer is one of a kind; the solution has been tailor-made for hotel franchisees and independent property owners.

With a single-interface model, hotels from Los Angeles, California, United States of America, are now able to manage all their financial transactions, such as payments from guests and settlements for third-party booking companies, on an integrated level. This system dramatically simplifies operations, providing clear and easy financial reconciliation.

This cutting edge payment distribution model for hotels dramatically minimizes reliance on legacy systems like SWIFT, a payment standard long dominating hotel and hospitality operations in Los Angeles, California and the USA.

The average transactions fees are quite high on SWIFT while the transaction processing time is longer but the digital platform launched by TerraPay and XanderPay have slashed these costs and time and settlement has reduced manifold.

For this reason, hotels are able to optimize their financial flexibility and grow profitability.

TerraPay, with its wide-reaching payments network around the world, will be the perfect strategic fit for XanderPay which has in-depth knowledge of the specific payment intricacies of the hotels. The collaboration enables American hotels, including those in Los Angeles, California, to access the limitless advantages of a more digitized method of finance management.

Hoteliers have the flexibility to select the payment method that works best for them and their business, delivering more value and satisfaction to hotel properties.

The Los Angeles, California, and USA hospitality sector is quickly making its way toward digital technology, in order to deliver the best guest experience ever.

Central payment solutions gain greater favour amongst hotels as guest satisfaction and operational efficiency are getting more in focus. The payment model offered by TerraPay and XanderPay firmly supports this initiative by giving hotel management teams the ability to reinvest the time previously spent on complex administrative process, into a more enjoyable customer encounter.

The TerraPay and XanderPay platform also solves a primary industry problem highlighted by a range of official governmental tourism reports provided by the state of California and throughout the USA. Wider-ranging infrastructure is called for in the hospitality industry to increase operational sustainability and resilience, according to data from state government tourism agencies.

This new method of payment is a major step forward in realising this ambition, in line with the federal government’s overarching desire to drive digital tech and economic resurgence acorss the hospitality sector.

On a macroeconomic level, government statistics demonstrate tourism’s ongoing significance in the California economy and across the country.

With this trendsetting digital payment solution, hotels are now are able to contribute actively to the economic stability by maintaining sound financial practice. Efficient cross-border payment systems that stimulate international tourism will also lead to more visitor spending which generations revenues for state and local economies in Los Angeles, California and in the U.S.

TerraPay and XanderPay’s payment solution complements the overall government focus on digital transformation in the hospitality industry.

Indeed, official state and federal government programs encourage increased use of digitisation tools by business, including hospitality, to achieve sustainable economic growth. This is a direct response to these governmental priorities by accelerating the digital maturity of the hotels in the market.

In the age of post-pandemic recovery, hotels are particularly grappling with how to safely and inexpensively implement payment systems that are fast and efficient, particularly in destinations heavily reliant on tourism, such as Los Angeles, California, USA.

That hotels’ financial flexibility helps them accommodate changing traveller preferences, including quicker check-ins and more seamless payment experiences, is according to national tourism authorities renewed lease of life for UK hotel sector. As the UK hospitality sector emerges from a pandemic-enforced slumber, broader macroeconomic trends have helped the industry significantly.

The TerraPay and XanderPay partnership was formed to help bridge that gap, so that hotels can keep pace with increasing guest demand for digital services.

This new breed of payment model is launched as a major step forward for the hospitality industry. The TerraPay and XanderPay enabled solution is an important leapfrog for not just hotel owners and brands in Los Angeles, California and rest of the USA; but will assist broader government digitalization initiatives for the hospitality industry.

A hotel payment gateway from TerraPay and XanderPay The initiative is a paradigm of private sector innovation capacity combined with the national priorities of digital growth, sustainable tourism, and economic development in Los Angeles, California and the USA at large.

Hotels that implement the technology have the opportunity to achieve a competitive edge through heightened efficiencies and improved guest experiences for the entire hospitality sector in the region.