Nium has announced a strategic partnership with HyperGuest, a B2B marketplace for the travel and hospitality industry. This collaboration brings together Nium’s advanced virtual card payment solution with HyperGuest’s travel distribution platform to deliver greater efficiency, speed and security in payments for HyperGuest’s network of travel partners, hotels and other accommodation providers around the world.
Payment failures, fraud, and inefficiencies are especially prevalent in B2B hotel transactions due to factors like high transaction volumes and tech incompatibility between payment systems.
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Many aggregators and online travel agencies are making payments to hotels through legacy banking systems and card networks, where transactions can stall for days or weeks with no visibility into status.
The integration of Nium’s virtual card solution into HyperGuest’s platform will facilitate faster, more secure and transparent payments for travel businesses globally
Nium virtual cards, known for real-time local issuance in over 20 local currencies worldwide, will enhance HyperGuest’s ability to connect and transact with its expansive network of global partners, streamlining complex payment workflows and eliminating traditional bottlenecks.
Amit Rahav, Chief Product & Strategy Officer and Co-founder at HyperGuest, said: “In a short period of time, Nium’s innovative virtual card solution has enabled us to increase payment volumes and offer more choice, flexibility, and control for travel partners and hotels in our network. By removing the middleman from the payment journey, Nium is helping us to create a fairer travel payments landscape, streamlining the process to ensure secure, cost-effective, and timely payments for participants across the entire value chain.”
Max Lehmann, Senior Vice President of Travel Payments at Nium, added: “Our partnership with HyperGuest underscores Nium’s commitment to meeting the evolving needs of the travel industry with simpler, faster, and more efficient payments on a global scale. We are excited to grow our partnership with HyperGuest, delivering the benefits of our cutting-edge virtual card solution to more hotels and accommodation providers around the world. At the heart of it, it’s about unlocking new opportunities for travellers by enabling hotels to focus on what they do best; delivering exceptional guest experiences.”
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