Singapore, May 26, 2024 SAN FRANCISCO, Oct 11, 2020 /PRNewswire/ — Nium, a global leader in real-time cross-border payments, today announced that HappyEasyGo, a leading online travel agency, has selected the company for its virtual card payments. Launched in 2017, HappyEasyGo has emerged as one of the fastest growing air and hotel booking platforms in the world. AsiaThousands of leisure and business travelers plan their itineraries on the platform every day, and the virtual card issued by Nium will become the digital standard for payments to HappyEasyGo's travel suppliers.
Boris the“Nium's payment solution has been transformative for our operations – the ability to quickly issue virtual cards in multiple currencies has streamlined the payment process, reduced costs and enabled us to better serve our customers. We look forward to continuing our collaboration with Nium as we expand our business to more parts of the world,” said HappyEasyGo CEO, David L.
Nium's comprehensive suite of payment solutions is tailored to address the unique challenges faced by online travel agencies (OTAs) and travel intermediaries, ensuring faster, secure transactions that increase profitability and streamline operations. This year, Nium has reported a 110% increase in travel business revenue in the APAC region, highlighting the growing demand for reliable and efficient payment solutions in the dynamic travel industry. By 2023, travel levels in APAC are expected to reach 65% of pre-pandemic levels, making it one of the fastest growing travel markets in the world.
“Our growth in the Asia Pacific region is a testament to our commitment to providing innovative payment solutions that address the specific needs of the travel industry.” Spencer Hanlon“Our partnership with HappyEasyGo demonstrates how our advanced payment solutions can improve operational efficiency and profitability, helping to drive the success of online travel agencies,” said Nium's Global Head of Travel Payments, Nium.
One of Nium's key services is the ability to fund and issue virtual cards in over 20 local currencies, significantly reducing foreign exchange conversion costs and improving acceptance around the world – a key advantage for travel companies operating in multiple markets, including HappyEasyGo.
Nium’s travel payment solutions also include the ability to settle invoices within two days instead of the industry standard 30 days, and the ability to customize payment account parameters, allowing businesses to manage cash flow end-to-end and enhance revenue generation while reducing margin erosion.
With a robust portfolio of Mastercard and Visa certified virtual cards, Nium’s OTA and travel intermediary clients can now offer their hotel and airline partners more flexibility and choice, strengthening their supplier relationships and, in turn, delivering superior experiences to travelers around the world.
About HappyEasyGo
HappyEasyGo entered the Indian travel industry in 2017 to provide affordable flight booking solutions for Indian business and leisure travellers. After witnessing rapid growth in the flight booking sector, the company forayed into the hotel booking sector to provide customers with added convenience and help them save money while travelling. HappyEasyGo Indian Having become a top online travel aggregator in a very short span of time, HappyEasyGo offers domestic and international air tickets and thousands of hotels across the globe through its various platforms. IndiaHappyEasyGo's strength lies in offering its customers the best flight and hotel booking deals along with a hassle-free experience. Exceeding all expectations, the company has built a vast customer base of frequent business and leisure travelers. HEG's seamless platform helps customers search, compare, select and book a wide range of flight tickets and accommodation solutions. HappyEasyGo mobile applications for Android and iOS devices have been downloaded over 1 million times and have received high ratings on both Google Play and AppStore.
About Nium
Nium, a global leader in real-time cross-border payments, was founded with a mission to deliver tomorrow's global payments infrastructure today. With the advent of a global on-demand economy, the company's payments infrastructure is shaping how banks, fintechs and businesses around the world instantly collect, transform and distribute funds across borders. The company's payments network supports 100 currencies and spans more than 220 markets, 100 of which are real-time. Funds are distributed to accounts, wallets and cards and can be received locally in 35 markets. Nium's growing card issuing business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration and compliance regardless of geographic location. The company is co-headquartered in the United States. San Francisco And Singapore.
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Source: Nium
