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Flight Centre Travel Group Invests $5 Million in Travel Technology Firm Blockskye

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Flight Centre Travel Group (ASX:FLT) invested $5 million in Boston-based travel technology company Blockskye to boost its capabilities in corporate travel payments, according to a Wednesday filing with the Australian bourse.

The investment gives Flight Centre's FCM corporate travel business early access to Blockskye's blockchain-based payments platform, adding automated expense management capabilities and cutting dependence on traditional payment methods.

Additionally, FCM will partner with Blockskye and Kayak to target market share growth in the enterprise corporate sector through a new offering that combines their complementary capabilities into a single platform for booking, payment, and servicing, the company said.

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