Scott Dunn selects Nium to improve hotel cash flow management with virtual card payments

The luxury tour operator has been able to add new hotel destinations

Real-time payments specialist Nium has announced its partnership with luxury tour operator Scott Dunn to issue virtual cards to its global network of hotel providers. 

Nium’s virtual card solution has secure transactions in more than 20 local currencies so Scott Dunn’s network of global hotel partners can now benefit from improved reconciliation, card scheme protection, and quicker access to funds.

The payments operator has revealed that in 12 months of working with the tour operator it has been able to add new hotel destinations to its offering that it couldn’t before, improve conversion rates among its customer base, and strengthen its provider relationships. 

The announcement follows the recent news of Nium’s partnership with Secret Escapes as the fintech continues to work with providers to help hotels get paid worldwide.

“Accelerated by the post-pandemic travel boom, high-net worth individuals and families are seeking new experiences and more bespoke holidays than ever before," said Mark Woodall, chief financial officer of Scott Dunn. 

"In a short period of time, Nium‘s innovative virtual card payment solution has enabled us to expand our global footprint by offering more choice, flexibility, and control to our new and existing hotel partners around the world, in turn driving deeper connections, better prices, and improved experiences for our customers."

“For decades, payments have been perceived as a necessary cost of doing business, and the travel industry is no exception,” said Spencer Hanlon, global head of travel payments of Nium. 

“Our partnership with Scott Dunn is a great example of how this is changing. Today, virtual card solutions are helping travel businesses unlock value from payments to create new revenue streams and differentiate from the competition. 

"We look forward to continuing to help Scott Dunn accelerate growth and meet the needs of its customers with our innovative payment solutions,” he added.