← Embedded Finance Index 2026

TUI

Can the world's largest integrated tourism group become the financial and experience OS for leisure travel — embedding payments, insurance, and digital services across its vertically integrated airlines, hotels, cruises, and travel agencies?

Founded1923
HQHanover, Germany
IndustryMarketplace / Travel
The story

Founded in 1923 as Preussag AG, a diversified German mining and industrial group, the company pivoted entirely to leisure travel and tourism in the late 1990s, rebranding as TUI AG in 2002. The 2007 creation of TUI Travel PLC (merger with First Choice Holidays) created one of Europe's largest travel conglomerates, later re-unified under TUI Group in 2014. TUI has progressively embedded financial services — including payment orchestration via Stripe across multiple markets, card/BaaS infrastructure via Edenred Payment Solutions, and embedded travel insurance via Qover — as it digitises its end-to-end booking and holiday experience.

Last 12 months
2026-02
2026-01
Product timeline
1923
Founded in Berlin as Preussag AG, a mining and industrial conglomerate.· pivot
1997
Preussag AG began pivoting from mining to tourism, rebranding its strategic focus toward leisure travel.· pivot
2002
Preussag AG formally renamed TUI AG, completing transition to a leisure and tourism company.· pivot
2007
TUI Travel PLC formed via merger of First Choice Holidays and TUI AG's tourism division; listed on LSE as FTSE 100 constituent.· acquisition
2014
TUI Travel PLC merged back with TUI AG to form TUI Group, consolidating the global leisure travel empire under one listed entity.· acquisition
2026
Trust Travel (TUI Belgium brand) partners with Qover to embed travel insurance into the booking journey.· banking
The stack
5 layers disclosed in TUI’s embedded-finance stack
Payments / PSP
Stripe
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Insurance
in the full report
Accounting gap: none
5 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.