LONDON, March 5, 2024 /PRNewswire/ — Niumleader in real-time cross-border payments, today announces its partnership with Secret getawaysa global leader in luxury travel and experiences, to offer enhanced payment services to its global network of hotel partners.
Secret Escapes partners with trusted suppliers to bring its 60 million members hand-picked luxury travel deals at prices they can't find anywhere else online. The company also conducts over a million price checks on all offer types each month to ensure it offers its members the best value online.
Using Nium's virtual card solution, Secret Escapes can efficiently pay its partners and suppliers around the world in over 20 local currencies, allowing its new and existing suppliers to get paid instantly without the headaches of reconciliation manual and costly exchange fees.
Increased acceptance rates, better protection against fraudand the possibility of obtaining a refund for services not provided are also among the benefits for guests of Secret Escapes hotels.
Tanith Langforddirector of financial operations at Secret Escapes, said: “As hotels struggle with inflation and changing consumer expectations, costly, inflexible and lengthy payment processes are the last thing they need. Our partners are a crucial part of our business and we are constantly striving to find ways to make their lives easier. With Nium, we offer more flexibility and choice to our suppliers, which generates better deals for our members. For us, it's about above all to add value to the lives of our members and to the businesses of our partners, now and in the future.”
Spencer Hanlonglobal head of travel payments at Nium, said: “For too long, the travel industry has adapted outdated payment methods to its unique ecosystem of travelers, tourism suppliers and third-party suppliers. Our partnership with Secret Escapes is another great example of how travel solutions payment by virtual card stimulates travel.”
Building on Nium's virtual credit card solution, Secret Escapes will have the opportunity to expand its partnership through access to Nium's real-time cross-border payments network for collections and payments to bank accounts, digital wallets and cards in over 100 currencies and 190+ markets around the world.
About Nium
Nium, the leader in real-time cross-border payments, was founded with the mission of delivering tomorrow's global payments infrastructure today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs and businesses around the world instantly collect, convert and disburse funds across borders. Its payment network supports 100 currencies and covers more than 190 countries, including 100 in real time. Funds can be paid into accounts, wallets and cards and collected locally in 35 markets. Nium's growing card issuing business is already available in 34 countries. Nium holds licenses and regulatory approvals in over 40 countries, enabling seamless integration, rapid onboarding and compliance – regardless of geography. The company is headquartered in San Francisco and Singapore.
About Secret Escapees
Secret Escapes Group, founded in 2011, is one of the world's leading online travel and experiences companies. It includes a range of travel brands operating across Europe comprising: Secret Escapes, Travelist, Slevomat and Zl'avomat (together “the Group”). It brings its vision of inspiring the world to escape in style to life by using proprietary technology to provide its members with personalized, high-quality vacation selections and hand-picked hotel deals with industry-leading discounts. walk.
Logo- https://mma.prnewswire.com/media/1678669/4545285/Nium_Logo.jpg
SOURCE Nium
