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April - 2014 - issue > Company Spotlight

Mystifly: Simplifying the Air Travel Business across 70 Countries on Single platform

Anamika Sahu
Sunday, April 6, 2014
Anamika Sahu
Booking an air ticket for a travel originating from other geographies, was not a cost effective transaction till mid 90's. With the advent of e-Ticketing, the travel distribution rules witnessed a change with alterations in distribution model by Global Distribution Systems. With limited access to global airfares, the travel agents encountered number of booking impediments. For instance, Indian travel companies could provide economical airfares for travel originating from India. However, tickets for travels originating from foreign destinations were expensive & not easily accessible. For online credit card transactions, travelers were exposed to currency exchange losses & interbank rates, which appreciated the ticket price with increased uncertainty about the final cost of the ticket. Moreover, there were limited payment options with no option to hold a ticket & pay later. The scenario paved the way for anywhere -to - anywhere global airfare consolidation services company - Mystifly.

Simplifying the Air Travel Business

Rajeev Kumar established Mystifly in 2009, in Bangalore. Mystifly powers travel organizations with an anywhere to- anywhere B2B booking platform - MyFareBox, with the ability to book lowest airfares originating from any part of the world. It enables them to source consolidated & discounted airfares from 900+ airlines across 70 countries. MyFareBox is an intelligent fare management and pricing tool that interfaces multi-GDS (Global Distribution System) content including public, private and market specific air fares. The unique combination of technology and ticketing fulfillment services enhances the value proposition of the service, that Mystifly delivers. With the largest inventory of airfares, travel companies in more than 55 countries have access to a plethora of published, private and market fares across the globe on a unique platform - MyFareBox.

MyFareBox: The Catalyst for Growth

MyFareBox enables sourcing of most economical SOTO/SITI tickets thereby reducing the time required for searching competitive airfares. It saves upto 40 percent on SOTO/SITI tickets including market specific public & private airfares. With an option to hold ticket on time & pay later, it enhances the service quality by providing 24/7 ticketing capability from 900+ airlines across 70 countries. It facilitates ease of payment in local currency through multiple payment options for booking (Bank Transfer, Credit Card, Cheque payments), thereby mitigating the risk due to fluctuation in currency exchange rates.

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