In a significant move for the travel and hospitality sector, Nium, a leading player in real-time cross-border payments, has announced a strategic partnership with HyperGuest, a B2B marketplace designed to enhance travel distribution. This collaboration merges Nium’s advanced virtual card technology with HyperGuest’s innovative distribution platform, setting the stage for faster, more secure, and reliable payments for travel partners, hotels, and accommodation providers around the globe.
In the complex world of B2B hotel transactions, issues like payment failures, fraud, and inefficiencies are common, often resulting from high transaction volumes and outdated systems that struggle with compatibility. Many travel aggregators and online booking platforms continue to rely on legacy banking systems, where payments can be delayed for days or even weeks, leaving hotels and travel companies without visibility into their transaction statuses.
By integrating Nium’s virtual card solution into its platform, HyperGuest aims to solve these problems. Known for offering real-time payments in over 20 local currencies, Nium’s virtual cards will streamline HyperGuest’s payment process, ensuring transactions are transparent, faster, and safer. Hotels, from independent establishments to larger chains, will gain the advantage of automated reconciliation and quicker settlement, enhancing cash flow and reducing the risks of fraud. For travel distributors and merchants, the partnership offers smoother payment acceptance and lower transaction costs, fostering stronger collaboration with hotel partners.
Amit Rahav, Chief Product & Strategy Officer and Co-founder at HyperGuest, highlighted the impact of the collaboration on the industry’s long standing payment challenges. “In a short period, Nium’s virtual card solution has helped us increase payment volumes while providing our partners with more choice, flexibility, and control. By removing middlemen from the payment journey, we’re able to create a fairer landscape that ensures cost-effective, secure, and timely payments across the entire value chain.”
This partnership comes as the travel industry faces growing demand for digital-first solutions and streamlined operations. With businesses adapting to post-pandemic operational challenges, the integration of Nium’s payment infrastructure offers a timely solution, helping travel companies remain agile and competitive.
Max Lehmann, Senior Vice President of Travel Payments at Nium, expressed the company’s enthusiasm for the collaboration. “Our partnership with HyperGuest represents a commitment to meet the evolving demands of the travel industry with faster, simpler, and more efficient payment solutions worldwide. Together, we’re not only supporting hotels in managing their cash flow but ultimately enabling them to do what they do best-creating memorable experiences for their guests.”
As Nium and HyperGuest continue to push the boundaries of B2B travel payments, their combined effort promises a more resilient and efficient financial ecosystem for hotels and travel businesses, paving the way for smoother operations and improved guest experiences worldwide.
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