By Gloria Methri
March 06, 2024
- Credit Card Solutions
- Cross-border payments
- Europe
Nium, the real-time cross-border payments expert, has partnered with Secret getawaysa luxury travel and experiences company, to provide enhanced payment services to its global network of hotel partners.
Secret Escapes partners with trusted suppliers to bring hand-picked luxury travel deals to its 60 million members at affordable prices.
Using that of Nium virtual card solution, Secret Escapes can efficiently pay its partners and suppliers around the world in over 20 local currencies, allowing its suppliers to get paid instantly without manual reconciliation or 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 LangfordDirector of Financial Operations 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 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Spencer HanlonGlobal Head of Travel Payments at Nium, said: “For too long, the travel industry has adapted outdated payment methods to its unique ecosystem of travelers, tourism suppliers and third-party suppliers.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 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.
