Expansion is first step in a global travel innovation roadmap
Nium expands B2B travel payments offering in Asia Pacific
Travel payments specialist Nium has expanded its B2B travel payments offering in the Asia Pacific region, building on rising demand for its virtual credit card offering globally.
As part of the expansion, Nium is progressively rolling out a combination of domestic issuing and funding in Hong Kong, Singapore, Australia, and Japan to further “enhance” the payment experience for its new and existing customers in APAC.
This will be added to over 20 existing currencies already supported by Nium’s virtual card solution across Europe and North America.
Connexus Travel, a corporate travel management expert and business travel solutions provider, and Convergent, the global hotel B2B platform, are among the first of Nium's customers to benefit from the new local funding and issuing capability in Hong Kong.
Anupam Pahuja, executive vice president and general manager of APAC, Middle East and Africa is spearheading the company’s expansion in the region.
He said: “In order to capitalise on the exciting growth opportunity at hand, travel businesses need more control, transparency, and insight into the way they make payments around the world.
“This expansion enables us to deliver just that, at a time when our customers need it most.”
Nium powers some of the largest online travel agencies, payment providers, airlines, and hotels across the globe including Love Holidays and Sabre Virtual Payments.
The expansion is said to be the first step in a global travel innovation roadmap for Nium, with further geographic and product expansion in APAC and LATAM on the horizon.
Spencer Hanlon, global head of travel payments of Nium, said: “Travel is a dynamic industry that can enable humans to defy gravity, yet its payment systems remain earthbound.
“Razor-thin profit margins, tighter regulation, and changing consumer preferences mean online travel agents and intermediaries are increasingly demanding more flexible, secure, and cost-effective ways to pay their suppliers located around the world.
“Our roots as a remittance fintech born out of Singapore, combined with 20 years of travel expertise, means we are perfectly positioned to help our customers solve their unique payment problems with local execution on a global scale.”