Onyx CenterSource and Hyatt Expand GroupPay to Over 700 Properties, Accelerating M&E Commission Payments

Core Insights - Onyx CenterSource is expanding its GroupPay platform to 700 Hyatt properties, indicating strong growth and adoption in the hospitality sector [1] - The GroupPay solution has already been successfully implemented in over 125 of Hyatt's owned and managed hotels, showcasing its effectiveness [1] - The expansion includes an additional 580 franchised properties across the Americas, highlighting the platform's scalability and appeal [1] Company Summary - Onyx CenterSource is recognized as a global leader in B2B payments and business intelligence specifically tailored for the hospitality industry [1] - The GroupPay platform is designed to simplify complex event management processes, which is a critical aspect of the hospitality business [1] Industry Impact - The adoption of GroupPay across a significant number of Hyatt properties reflects a growing trend in the hospitality industry towards digital payment solutions [1] - This expansion may set a precedent for other hospitality companies to consider similar technological advancements in their operations [1]