Nium's virtual card solution is used by travel intermediaries to increase security, increase efficiency, and reduce costs to effectively pay hotels, airlines, and other global travel suppliers. I am. This expansion comes as global B2B travel transaction value is predicted to reach the following levels:
Nium accelerates transactions by up to 200 milliseconds when issuing and loading virtual cards in nearly 30 countries around the world by integrating the Thredd API into its single platform to enable instant global payments is completed.certified by visa The partnership with Thredd also allows Nium to increase acceptance rates and guarantee card scheme protection for travel intermediary customers. The fintech duo has issued 86 million virtual cards worldwide since 2018.
Leveraging Thredd's global processing power, Nium was able to launch local publishing.
“APAC presents a huge opportunity for global travel intermediaries, which will foster intense competition, benefit consumers, and accelerate the growth of the global travel ecosystem. This is fueled by the rise of B2B travel payment solutions. Our long-standing collaboration is a great example of how fintech partnerships are driving other industries forward.” says Mr.
“With travel options from around the world now available in the palm of your hand, travel intermediaries and their hotel partners are under increasing pressure to reduce costs while maintaining an engaging customer experience. Card payments are transformative for the travel industry, allowing intermediaries to improve cash flow for their hotel partners and, in turn, drive better prices and deeper connections with consumers, leveraging Thredd's technology. This allows us to continue to meet the needs of the evolving global travel ecosystem, now and in the future.”
Download Nium's latest research on how virtual cards are transforming the travel payment landscape here.
About nium
Nium, the global leader in real-time cross-border payments, was founded on a mission to deliver today's global payments infrastructure for tomorrow. As the global economy takes off, its payments infrastructure is shaping the way banks, fintechs, and businesses around the world instantly collect, transform, and distribute funds across borders. Its payment network supports 100 currencies and spans over 190 countries, 100 of which are real-time. Funds are disbursed to your account, wallet, or card and can be collected locally in 35 markets. Nium's card issuing business continues to grow and is already available in 34 countries. Nium has regulatory licenses and approvals in over 40 countries, enabling seamless onboarding, rapid integration, and compliance regardless of geography. The company is co-headquartered at:
About threads
thread is the trusted next-generation payment processing partner for innovators looking to modernize payment services around the world. We process billions of debit, prepaid and credit transactions annually and serve more than 100 fintechs, digital banks and embedded finance providers in 44 countries, from consumers to businesses.
Thredd's proven solutions include consumer and business payments components embedded within a digital bank, as well as expense management, B2B payments, cryptography, an innovator in lending, credit, Buy Now Pay Later (“BNPL”), FX, money transfers and open banking. Thredd has been supporting the market leader since his 2007 and has a reliable platform with 99.99% availability. Highly customizable solutions on Thredd's API-first platform are designed to scale easily, surrounded by deep industry expertise, value-added services, global presence, and technical resilience. Masu. Threadd has the following certifications: visa and master Card To process transactions globally.
Logo – https://mma.prnewswire.com/media/1678669/4666593/Nium_Logo.jpg
View original content to download multimedia: https://www.prnewswire.com/news-releases/nium-and-thredd-expand-partnership-to-power-b2b-travel-payments- in-apac-302125166.html
source nium
