May 18, 2024

Katanox secures PSD2 payment licence

Katanox has secured a PSD2 payment institution licence from the Dutch National Bank. This means that accommodation providers and accommodation buyers can book and transact via direct bank payouts all within one platform.

The tech company said this gives hotels and accommodation buyers more efficient workflows, control and transparency and also provides a better alternative to virtual credit cards (VCCs), which can come with high fees and are prone to errors. 

Direct payments provide many advantages, including transaction security, lower transaction fees, ownership of distribution, and trusted relationships between buyers and sellers.

“The granting of this licence is an enormous next step in our one platform approach to provide accommodation buyers and sellers the most efficient and cost-effective products to distribute and transact properties and rooms,” said Paul Beukers, Co-founder Katanox.

“This is simply the beginning as we will expand our payments offerings into more markets and build more products both horizontally and vertically to deliver unprecedented opportunities to the hospitality industry.”