Nium announced its partnership with Secret Escapes to provide enhanced payment services to its global network of hotel partners.
Secret Escapes partners with trusted providers to provide its 60 million members with hand-picked luxury travel deals. The company also conducts over a million price checks on all offer types every 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.
Benefits for Secret Escapes customers
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, financial operations director at Secret Escapes, said: “At a time when hotels are struggling with inflation and changing consumer expectations, costly, inflexible and lengthy payment processes are the last thing that 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Spencer Hanlon, Global Head of Travel Payments at Nium, commented: “For too long, the travel industry has adapted outdated payment methods to its unique ecosystem of travelers, tourism suppliers and third-party providers. 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.
Access the most comprehensive company profiles on the market, powered by GlobalData. Save hours of research. Gain a competitive advantage.
Company Profile – Free Sample
THANKS!
Your download email will arrive shortly
We are confident in the unique quality of our business profiles. However, we want you to make the decision that is best for your business, which is why we are offering a free sample that you can download by submitting the form below.
By GlobalData
