Nium, a global infrastructure leader in the payments industry, has announced a groundbreaking solution to reduce the risks of fraud and payment failures through its virtual card. This card supports multiple currencies and offers faster, more secure payments, creating a one-stop option for users worldwide.
Fraud risks and payment errors have long been concerns in the hospitality industry, with no solid solutions available until now. Nium’s virtual card has helped G2 partners significantly reduce the incidence of transaction errors. With the added capability of supporting 20 additional currencies, this partnership has the potential to revolutionise secure payments and transactions.
Through its collaboration with G2, G2 Travel will utilize Nium’s ability to issue global Visa and MasterCard-accepted virtual cards. This partnership offers access to a vast network of hotels directly contracted by Nium, facilitating bulk reservations, enhancing customer flow, and streamlining payment processes, ultimately improving cash flow and increasing working capital.
The founder of G2 Travel expressed his enthusiasm for the effective collaboration between Nium’s virtual card and its applications in global travel and payments throughout the travel ecosystem. He highlighted the growing demand for faster and more secure payment solutions.
By combining our travel payments expertise with G2’s vast global distribution network, we are allowing hotels to accelerate their payment processes, decrease instances of fraud, and improve their cash flow. This enables them to prioritize delivering exceptional guest experiences. “We are eager to see this partnership expand as we venture into new markets and explore additional solutions, making the benefits of virtual cards accessible to more travel intermediaries and accommodation providers worldwide,” remarked Max Lehmann, SVP Head of Enterprise & Travel, Europe at Nium.
Enhancing travel payment processes can boost business quality and reliability, attracting new customers and fostering connections that drive growth and revenue. G2 travel plans to launch more virtual cards and expand its global facilities to enhance business offerings further. G2 Hotels looks forward to integrating various automation modes for a seamless experience.
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