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Singapore, 27 May, 2024, – Nium, the global leader in real-time cross-border payments, announced today that HappyEasyGo, a leading online travel agency, has selected it for virtual card payments. Launched in 2017, HappyEasyGo has emerged as one of the fastest-growing flight and hotel booking platforms in Asia, with thousands of leisure and business travellers planning journeys on the platform each day. Virtual cards, issued by Nium, will be the digital standard for payments to HappyEasyGo’s travel suppliers.
Boris Zha, CEO of HappyEasyGo, said, “Nium’s payment solutions have been transformative for our operations. Their ability to issue virtual cards quickly and in multiple currencies has streamlined our payment processes, reduced costs, and enabled us to offer better service to our customers. We look forward to continuing our work with Nium as we expand our business to more parts of the globe."
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, more secure transactions that enhance profitability and streamline operations. This year, Nium reported a 110% increase in revenue from its travel business in the APAC region, highlighting the growing demand for reliable and efficient payment solutions in the dynamic travel industry. In 2023, APAC had reached 65% of pre-pandemic travel levels, making it one of the world’s fastest-growing travel markets.
“Our growth in the APAC region is a testament to our commitment to providing innovative payment solutions that address the specific needs of the travel sector,” said Spencer Hanlon, Global Head of Travel Payments at Nium. "Our partnership with HappyEasyGo shows how our advanced payment solutions can drive success for online travel agencies by improving operational efficiency and profitability."
One of Nium's key offerings is the ability to fund and issue virtual cards in over 20 local currencies, significantly lowering foreign exchange conversion costs and improving acceptance worldwide. This capability provides a critical advantage for travel businesses 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 customize payment account parameters, giving businesses end-to-end control over cash flow and enhancing revenue generation while reducing margin erosion.
With a robust portfolio of Mastercard and Visa certified virtual cards, Nium’s OTA and travel intermediary customers can provide more flexibility and choice for their hotel and airline partners, strengthening supplier relationships and in turn driving better experiences for travellers around the world.
Download our latest e-book to discover why real-time payments are a pivotal tool to control and shape the travel booking experience, and how virtual cards are unlocking new value for travel intermediaries and their hotel partners, today.