AUSTRALIAN travel tech company Pelikin Holdings Pty Ltd has gone into administration.
An update from Zenith Payments, which partnered with Pelikin in Jun to create the TravelPay Money card confirmed the news.
The communication with agents moved to assure advisors that their clients’ funds are secure, and that functionality of TravelPay Money has been maintained.
Speaking with TB yesterday, Pelikin CEO Sam Brown said that customer funds are 100% secure, and its travel money cards and app remain fully operational.
“We remain fully committed to providing our travel money services to our customers and partners, and the decision to enter voluntary administration provides us with a pathway to continuing this,” Brown said.
Zenith Payments Head of Marketing Jane Grant added the situation was “regrettable”, but the business had been in touch with the administrators and will continue to work on getting to a positive resolution.
“It’s fortunate that it doesn’t affect the product or any money held on cards, which is safely with Nium,” Grant said.
“We maintain that it’s a great product for travellers, and as always, we want to make sure agents aren’t affected in any way,” she added.
Zenith’s update confirmed commissions made under the TravelPay Money Affiliate Program are also being honoured.
TravelPay and TravelPay B2B are separate company entities to Pelikin Holdings Limited, with Pelikin a conduit to Nium for TravelPay Money cards.
