The travel industry is experiencing a resurgence, particularly in the Asia-Pacific (APAC) region. As wanderlust reignites and booking platforms witness a surge, efficient and secure payment solutions are paramount. virtual card payments

To address this critical need, the leading online travel agency (OTA) HappyEasyGo has partnered with Nium, the global leader in real-time cross-border payments.

HappyEasyGo Soars with Nium’s Virtual Card Technology

Launched in 2017, HappyEasyGo has established itself as a prominent player in Asia’s flight and hotel booking landscape. Recognizing the transformative potential of Nium’s virtual card solutions, HappyEasyGo has implemented them to streamline payments to its vast network of travel suppliers.

Benefits Abound: Efficiency, Cost Savings, and Customer Satisfaction

Nium‘s virtual card offerings provide a multitude of advantages for HappyEasyGo:

• Swift and Secure Transactions: Virtual cards facilitate faster and more secure payments, enhancing operational efficiency for HappyEasyGo.
• Reduced Costs: Nium’s ability to issue virtual cards in over 20 local currencies minimizes foreign exchange conversion fees, leading to significant cost savings for HappyEasyGo.
• Enhanced Customer Service: Streamlined payment processes translate into a smoother booking experience for HappyEasyGo’s customers.

Nium: Powering Innovation in Travel Payments

Nium’s comprehensive suite of payment solutions caters specifically to the unique challenges faced by OTAs like HappyEasyGo. Their offerings go beyond virtual cards, encompassing:

• Expedited Settlements: Nium expedites invoice settlements within two days, compared to the industry standard of 30 days. This swift turnaround bolsters HappyEasyGo’s cash flow management.
• Customizable Payment Accounts: Granular control over payment account parameters empowers HappyEasyGo to optimize revenue generation and minimize margin erosion.
• Supplier Relationship Strengthening: Nium’s virtual cards offer greater flexibility and cater to the diverse payment preferences of HappyEasyGo’s hotel and airline partners, fostering stronger supplier relationships.

Nium’s APAC Success Story: A Reflection of Industry Trends

Nium’s remarkable 110% revenue growth in APAC’s travel sector signifies the rising demand for dependable and efficient payment solutions in this dynamic market. Nium’s partnership with HappyEasyGo exemplifies how their cutting-edge payment technology empowers OTAs to achieve operational excellence and profitability. virtual card payments

HappyEasyGo: A Leader in Making Travel Dreams a Reality

Founded in 2017, HappyEasyGo has carved a niche for itself in India’s travel industry. Their commitment to providing affordable flight booking solutions for both business and leisure travelers has fueled their rapid growth. Today, HappyEasyGo stands tall as a leading online travel aggregator, offering a comprehensive platform for domestic and international flights alongside an extensive network of hotels across India. Their user-friendly mobile applications on Android and iOS further solidify their customer-centric approach.

Nium: The Global Powerhouse in Real-Time Cross-Border Payments

Nium is at the forefront of shaping the future of global payments. Their infrastructure empowers banks, fintech companies, and businesses worldwide to collect, convert, and disburse funds seamlessly across borders. Nium’s robust network supports an impressive array of 100 currencies and spans over 220 markets, with real-time capabilities in 100 of them. Additionally, their payout network facilitates disbursements to accounts, wallets, and cards, coupled with local collection services in 35 markets. Nium’s burgeoning card issuance program extends its reach to 34 countries. With regulatory licenses and authorizations secured in more than 40 countries, Nium ensures smooth onboarding, swift integration, and adherence to global compliance standards.

In conclusion virtual card payments

The collaboration between HappyEasyGo and Nium marks a significant milestone in the travel industry’s evolution towards efficient and secure virtual card payments. As travel flourishes in the APAC region, Nium’s innovative solutions are poised to empower not only HappyEasyGo but also countless other OTAs to navigate the dynamic travel landscape with greater agility and profitability.

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