Checkout.com partners with Agoda to deliver AI-powered payment performance for global travel

• Checkout.com supports Agoda's payment processing across more than six million properties worldwide.
• Virtual card issuing delivers highly reliable payment operations for Agoda's global supplier network.

SINGAPORE, July 3, 2026 /PRNewswire/ -- Checkout.com, a leading global digital payments company, today announces its partnership with digital travel platform Agoda. The partnership delivers high-performance digital payments infrastructure that supports Agoda's mission of bridging the world through travel.

Agoda connects travellers to over six million hotels and holiday properties worldwide as well as with flights, activities, and other travel experiences.

To deliver travel experiences at this scale, Agoda relies on payments that perform reliably across markets, currencies, and peak demand periods. Through its partnership with Checkout.com, Agoda strengthened its virtual card issuing capabilities, ensuring travellers can complete bookings smoothly while suppliers are paid without disruption.

A key driver of Agoda's increased performance has been Intelligent Acceptance, Checkout.com's proprietary AI solution that uses real-time network data to optimise each transaction. By intelligently routing payments and applying performance-enhancing adjustments, Intelligent Acceptance reduces failed transactions and improves approval rates. Combined with Network Tokens and Real-Time Account Updater, these enhancements help reduce false declines across complex payment flows common in global travel, including cross-border, multi-currency, and high-volume transactions.

Agoda and Checkout.com also partner on virtual card issuing to power payments to travel suppliers. With a 0% downtime record, supplier payments are processed reliably at scale keeping the travel ecosystem running smoothly behind the scenes. Through a single connected platform, Agoda maintains clear oversight and control across its issuing operations.

Pitichoke Chulapamornsri, Senior Director, Head of Fintech & Business Initiatives at Agoda, said: "Our mission is to make travel easy, accessible, and rewarding for everyone, and that requires payments infrastructure we can trust at global scale. We chose Checkout.com for its proven performance, resilience, and deep technical expertise. Their ability to improve acceptance rates while delivering zero downtime on issuing gives us confidence as we continue to expand our platform and serve travellers around the world."

Brian Sze, Head of APAC, Checkout.com, said, "Behind every booked trip is a digital moment that needs to work instantly and invisibly. As travel becomes increasingly digital, AI-driven optimisation and resilient payments systems are essential to connecting travellers, merchants, and partners worldwide. We're proud to support Agoda with the technology that powers those connections."

ENDS

About Checkout.com

Checkout.com processes payments for thousands of companies that shape the digital economy. Our global digital payments network supports over 145 currencies and delivers high-performance payment solutions across the world, processing billions of transactions annually. In 2025, Checkout.com processed more than $300bn in ecommerce payments volume.

We help enterprise merchants boost acceptance rates, combat fraud, and turn payments into a major revenue driver. Headquartered in London and with 19 offices worldwide, Checkout.com is trusted by leading brands such as Spotify, HelloFresh, eBay, Uber, Pinterest, Vinted, Klarna, Financial Times, and Sony.

Checkout.com. Where the world checks out.

About Agoda

Agoda, a digital travel platform, helps anyone see the world for less with its great value deals on a global network of over 6 million hotels and holiday properties worldwide, plus flights, activities, and more. Agoda.com and the Agoda mobile app are available in 39 languages and supported by 24/7 customer support.

Headquartered in Singapore, Agoda is part of Booking Holdings (Nasdaq: BKNG) and employs more than 7,000 staff in 27 markets, dedicated to leveraging best-in-class technology to make travel even easier.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Checkout.com partners with Agoda to deliver AI-powered payment performance for global travel

HONG KONG, July 9, 2026 /PRNewswire/ -- On a Tuesday morning at the LEAP EAST exhibition hall, a Kingsoft Office product manager pulled up a dashboard on a laptop. She had joined the company just five months ago. Within minutes, the system had pulled customer profiles from a CRM, cross-referenced 300-plus requirements from a request-for-proposal document, and generated a post-project review — all without her opening a single file manually.

For years, enterprise software has promised to make organizations smarter. But behind this moment is a larger shift: the growing recognition that most corporate AI investments are failing to deliver.

According to a Gartner survey of 782 IT leaders published in April, more than 70% of enterprise AI projects are falling short of expected returns. A separate Bain & Company study covering 951 companies found that while AI spending is accelerating rapidly, actual business impact has not kept pace. The bottleneck, according to Kingsoft Office, is not technology — it is integration. Too many AI tools remain trapped in chat windows, answering questions but never executing tasks inside the workflows where work actually happens.

At LEAP EAST, the Hong Kong technology conference that opened July 8, Kingsoft Office unveiled WPS 365, its enterprise productivity platform, with a new proposition: an "Enterprise Brain Execution Layer" that embeds AI directly into business processes rather than layering it on top as a chatbot.

The essential part of the strategy is Qingzhou AI, a lightweight private-deployment architecture designed for companies that cannot risk sending sensitive data to public cloud services. Unlike traditional on-premise AI setups that require racks of servers and high-end GPUs, Qingzhou AI runs on a single standard server, reducing infrastructure requirements by more than 95%. The system uses CPU-friendly auxiliary models and a monolithic architecture instead of microservices, making it accessible to mid-sized enterprises that lack dedicated IT budgets.

"Data sovereignty is not a choice — it is the entry ticket for organizational AI," said Xu Liu, Vice President of Kingsoft Office, in an interview at the event. "We've spent years co-creating with leading enterprises in finance, manufacturing, and government in China. What we've learned is that organizational AI cannot be bought — it must be grown from the soil of a company's own data and real business workflows."

The results are measurable. One technology company applied Qingzhou AI to its legal review process, which involved more than 400 review types and over 20,000 business rules. Document review time dropped from 140 minutes to 40 minutes per file — a more than threefold improvement.

WPS 365 builds on Kingsoft Office's 38-year history in document processing. Rather than attaching an AI chatbot alongside documents, the platform allows AI to operate directly inside files — editing contracts, analyzing spreadsheets, and generating presentations — with version tracking and format integrity preserved. The system supports 14 languages and offers data centers in Germany, Singapore, and Japan, complying with GDPR and SOC2 standards.

For Asia Pacific businesses wrestling with the gap between AI hype and real productivity, Kingsoft Office's pitch is straightforward: the future of enterprise AI is not about smarter chatbots. It is about AI that can actually do the work.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

WPS Brings 'Enterprise Brain' to Asia Pacific -- One Workflow at a Time