Nium, the 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 flight and hotel booking platforms in Asia, with thousands of leisure and business travelers planning their trips on the platform every day. The virtual card issued by Nium will be the digital standard for payments to HappyEasyGo's travel suppliers.
Boris Zha, CEO of HappyEasyGo, said, “Nium's payment solution has transformed our operations. The ability to quickly issue virtual cards in multiple currencies has streamlined the payment process, reduced costs, and enabled us to provide better service to our customers. We look forward to continuing our collaboration with Nium as we expand our business to more parts of the world.”
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 Asia Pacific is a testament to our commitment to providing innovative payment solutions that address the specific needs of the travel industry,” said Spencer Hanlon, Global Head of Travel Payments at Nium. “Our partnership with HappyEasyGo demonstrates how our advanced payment solutions can drive the success of online travel agencies by improving operational efficiency and profitability.”
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 declines.
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.
