Senior Editor

Jerry Siebenmark

Avinode’s Paynode payment platform for air charter brokers and operators has grown over the past 18 months to include more than 250 customers, and in the first quarter alone&nbsp;it surpassed the milestone of 150 weekly transactions. As a result, transaction activity on Paynode has increased by 200 percent in the past six months, according to the Gothenburg, Sweden-based company (Booth B67).

 


“We have seen exceptional growth, particularly in the past 12 months, where we have more than doubled the number of companies registered on the platform,” said Avinode payment solutions manager Brenton Melville. “And so far, feedback has been great. They love having the ability to send and receive payments instantly at the click of a button, all within a trusted network. It’s been a game-changer for our members.”

 


<a href="https://www.ainonline.com/aviation-news/business-aviation/2016-10-31/avinode-launches-paynode-accelerate-charter-payments">Launched</a> in 2016, Paynode was designed to increase the speed with which brokers and operators are securely paid through an electronic process. It works with credit card payments and international wire transfers and is available for use by Avinode members in 58 countries.

 


“What it has done is provide the trust in the exact same way that [Paynode sister company] Avinode has,” said Fast Private Jet founder and CEO Mauro de Rosa. “It lets us work worldwide with operators and brokers in an efficient, safe way.”

News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.