Nium, a trailblazer in real-time cross-border payments, has announced a pivotal collaboration with Secret Escapes, a global leader in luxury travel and experiences. This strategic partnership aims to revolutionize the payment process for hotel partners worldwide, offering seamless transactions in over 20 local currencies.
Secret Escapes, renowned for its exclusive travel deals to its extensive membership base of 60 million, is enhancing operational efficiency and customer satisfaction by leveraging Nium’s virtual card solution. This innovative payment method enables instant payments to partners and suppliers globally, eliminating manual reconciliation complexities and foreign exchange fees. The partnership not only streamlines payment processes but also enhances security and trust among Secret Escapes hotel customers. With higher acceptance rates, robust fraud protection, and the assurance of refunds for undelivered services, customers can confidently engage in luxury travel experiences.
Looking forward, Secret Escapes plans to capitalize further on Nium’s expansive real-time cross-border payments network. This will facilitate broader collections and payout capabilities in over 100 currencies and 190 markets worldwide, significantly enhancing the company’s global reach and operational capabilities. As these industry leaders unite, the implications for the global travel and payments landscape are profound. This collaboration sets a new standard for efficiency and security in travel payments, emphasizing the importance of innovation in meeting evolving consumer and business needs.
Nium, founded in 2015, has emerged as a pioneer in real-time cross-border payments, offering innovative solutions to meet the evolving needs of businesses globally. With a focus on efficiency, transparency, and security, Nium has established itself as a trusted partner in the financial technology sector.
Secret Escapes, a leader in luxury travel and experiences, provides exclusive deals and curated experiences to its 60 million members worldwide. With a commitment to delivering exceptional value and personalized service, Secret Escapes continues to redefine luxury travel and set new industry standards.
The collaboration between Nium and Secret Escapes represents a significant milestone in the luxury travel industry. By leveraging innovative payment solutions and enhancing operational capabilities, they are driving positive change and shaping the future of travel payments worldwide.
