eNett is becoming a serious part of the Travelport portfolio, it seems - with it increasing its majority stake in a deal which will see the payment service worth around $450 million.
Travelport has spent the last year or so increasingly talking up its involvement in the eNett business in its quarterly earnings reports as it looks to boost its Beyond Air (areas outside of airline distribution) interests.
A joint venture with payment technology company PSP International, eNett's ownership structure is now 73% in favour of Travelport.
Travelport was always the majority owner since the company was formed in 2009, but the latest investment in its stake (price not disclosed) shifts it up from its previous holding by 16%.
Whilst eNett was initially created to provide intermediaries with various services such as virtual credit card tools, Travelport says the latest move - coming almost five years to the day since launch - will allow it to push eNett into other industries.
PSP International, as part of a new long term agreement, will become the primary issuer of virtual account numbers to eNett.
eNett CEO Anthony Hynes says:
"Following the signing of a significant multi-year extension of our partnership with MasterCard announced last month, this new agreement allows eNett to further leverage the expertise of its respective shareholders as it continues to expand into other markets and verticals around the world."
The further investment in eNett follows Travelport's acquisition of hotel distribution platform Hotelzon in June this year - another attempt to boost its "Beyond Air vision", according to Travelport CEO Gordon Wilson.
Terms of the deal were not made public at the time.
A closer look at the S1 documents filed with the US Securities and Exchange Commission in June, part of the regulatory process to list on the public markets, show that an "equity method investment" to the tune of $10 million was made during the first quarter of 2014.