Sabre Direct Pay partners with TerraPay to deliver virtual card payments and to promote cross-border payment solutions for travel agencies worldwide

• The agreement enables Sabre Direct Pay to offer TerraPay card payments and instant bank transfers to over 140 countries, including Latin America.

SOUTHLAKE, Texas, Nov. 4, 2024 - Sabre Corporation (NASDAQ: SABR), a leading software and technology company that powers the global travel industry, and TerraPay, a company focusing to simplify global money movement, today announced a multi-year strategic agreement, expanding Sabre Direct Pay reach and enhancing Sabre's virtual payment solutions for travel agencies worldwide.

Under the new agreement, Sabre Direct Pay will offer an enhanced service to travel agencies, including the ability to send bank transfers instantly through TerraPay's vast network, covering 144+ receive countries, 210+ send countries, over 7.5 billion bank accounts, and 2.4 billion mobile wallets. This solution simplifies transactions for travel agencies, dramatically reducing costs and processing times while ensuring compliance and security. Additionally, Sabre Direct Pay will expand its reach into new markets for virtual card payments within the travel industry, starting with several countries in Latin America.

"This agreement marks a significant step in transforming the travel payments landscape," said Patricio Boccardo, Head of Sabre Direct Pay. "By integrating our virtual card technology and our Sabre Direct Pay Platform with TerraPay's robust payment solutions, we are enhancing the payment experience for travel agencies, making it faster, more reliable, and cost-effective. As part of this agreement, Sabre Direct Pay will also gain access to new markets, particularly in Latin America".

This collaboration comes at a crucial time, as Sabre Direct Pay continues to build on its technology to meet evolving consumer expectations in the travel industry. By integrating advanced payment solutions, Sabre is driving the transformation of travel payments, making them faster, more cost-effective, and widely accessible for agencies around the world.

"We are excited to collaborate with Sabre as we further expand into the travel payments sector. Together, we are committed to deliver a seamless and secure payment experience for travel agencies globally. Our partnership will enhance cross-border transactions, ensuring efficiency and inclusivity across the travel ecosystem", commented Koert Grasveld, Vice President Payments at TerraPay.

For over 10 years, TerraPay has been simplifying global money transfers with the largest cross-border payments network, regulated in over 30 markets. Focused on creating a seamless, borderless financial world, TerraPay ensures payments are instant, reliable, and fully compliant.

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About Sabre Corporation

Sabre Corporation is a leading software and technology company that takes on the biggest opportunities and solves the most complex challenges in travel. The company connects travel suppliers and buyers around the globe through innovative products and next-generation technology solutions. Sabre harnesses speed, scale, and insights to build tomorrow's technology today - empowering airlines, hoteliers, agencies, and other partners to retail, distribute, and fulfill travel worldwide. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information, visit www.sabre.com.

About TerraPay

TerraPay simplifies the movement of money everywhere - providing a single connection to the most expansive cross-border payments network regulated in 30+ global markets and enabling payments to 144+ receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.4Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay has built the global digital wallet interoperable network and pushes the boundaries for global businesses - ranging from digital wallets, banks, fintech and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces - while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is a global company headquartered in London and comprising 42 nationalities. It has global offices in Bangalore, Dubai, Bogota, Dar es Salaam, Kampala, The Hague, Johannesburg, Nairobi, Milan, and Singapore, and is expanding rapidly. We have received funding from leading investors, including the IFC (World Bank), Prime Ventures, Partech Africa, and Visa.