US-based payment provider Nium partnered with luxury travel company Secret getaways to enrich the payment services of its network of hotel partners.
Secret Escapes collaborates with trusted suppliers to present its 60 million members with exclusive luxury travel offers at competitive online prices. Additionally, the company conducts over a million price checks every month for various offers to provide value for money to customers.
Streamlining global payments through Nium's virtual card solution
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.
Secret Escapes officials said that at a time when hotels are grappling with inflation and changing consumer expectations, costly, inflexible and lengthy checkout processes are the last thing they need. Their partners play a crucial role in their business and they are constantly looking for ways to make their lives easier. With Nium, they offer more flexibility and choice to their suppliers, thus providing better deals to their members.
Also commenting on the partnership, Nium representatives said that for too long, the travel industry has adapted outdated payment methods to its unique ecosystem of travelers, tourism suppliers and third-party providers. Their partnership with Secret Escapes is another example of how virtual card payment solutions are leading the travel industry towards a better future, for the benefit of all its participants.
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.
What does Nium do?
Nium was founded with the mission of delivering tomorrow's global payments infrastructure today. Its payments infrastructure shapes 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. The company holds regulatory licenses and approvals in more than 40 countries, enabling seamless integration, rapid integration and compliance – regardless of geography. The company is headquartered in San Francisco and Singapore.
More information on secret escapes
Secret Escapes Group, founded in 2011, is a leading online travel and experiences company. It includes a range of travel brands operating across Europe including: Secret Escapes, Travelist, Slevomat and Zl'avomat. 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.
