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 hassle of manual reconciliation and expensive exchange fees.
Increased acceptance rates, better fraud protection and the ability to get money back for services not provided are also among the benefits Secret Escapes hotel guests enjoy.
Tanith Langford, Director of Financial Operations at Secret Escapes, said: “As hotels struggle with inflation and changing consumer expectations, costly, inflexible and time-consuming payment processes are the last thing they need. Our partners play a crucial role in our business and we are constantly looking for 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 all about adding value to our members' lives and our partners' businesses, today and tomorrow.
Spencer Hanlon, Global Head of Travel Payments at Nium, said: “For too long, the travel industry has adapted outdated payment methods to its unique ecosystem of travelers, tourism suppliers and third-party suppliers.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 virtual card payment solutions are leading the travel industry towards a better future, for the benefit of all its participants. I look forward to seeing our partnership grow and continue to deliver innovative solutions at the forefront of travel and fintech together.
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.
