Need to develop mechanism with government to secure travel agents’ money: TAFI

Ajay Prakash, President of TAFI, has emphasised the importance of working with the government to devise a method to protect travel agents’ funds. “We must now continue to build on this as a team to ensure security for our travel agents.” Payments to principals by travel agents constitute unsecured credit, and we must ensure that some type of system, such as escrow, guarantee, or underwriting-based methods are in place to keep travel agents’ money safe. We look forward to engaging with the government on this,” he said.