Nium partners with HappyEasyGo to enhance payment solutions in Asia’s booming travel sector

Nium, a global leader in real-time cross-border payments, has announced a significant partnership with HappyEasyGo, one of Asia’s fastest-growing online travel agencies (OTAs). This collaboration marks a major advancement in digital payment solutions within the travel industry, as HappyEasyGo adopts Nium’s virtual card payments to streamline transactions and enhance service quality across its platform.

Transformative Payment Solutions for HappyEasyGo

Launched in 2017, HappyEasyGo has rapidly become a key player in the travel booking ecosystem, offering flight and hotel reservations to thousands of leisure and business travelers daily. Through the implementation of Nium’s virtual cards, HappyEasyGo aims to modernize its payment processes to travel suppliers, facilitating quicker, multi-currency transactions that reduce costs and improve operational efficiency.

Boris Zha, CEO of HappyEasyGo, expressed enthusiasm for the enhanced capabilities brought by Nium’s solutions, stating, “Nium’s payment solutions have been transformative for our operations. Their ability to issue virtual cards quickly and in multiple currencies has streamlined our payment processes, reduced costs, and enabled us to offer better service to our customers. We look forward to continuing our work with Nium as we expand our business to more parts of the globe.”

Nium’s Impact on the Travel Industry’s Payment Landscape

Nium’s innovative payment solutions are specifically designed to meet the unique demands of OTAs and travel intermediaries. The company reported a 110% increase in revenue from its travel business in the Asia-Pacific (APAC) region this year alone, signaling robust demand for efficient payment systems amidst the travel industry’s recovery post-pandemic. APAC’s travel market, having rebounded to 65% of its pre-pandemic levels in 2023, stands as one of the world’s most rapidly expanding travel regions.

Spencer Hanlon, Global Head of Travel Payments at Nium, highlighted the strategic benefits of their services, noting, “Our growth in the APAC region is a testament to our commitment to providing innovative payment solutions that address the specific needs of the travel sector. Our partnership with HappyEasyGo shows how our advanced payment solutions can drive success for online travel agencies by improving operational efficiency and profitability.”

Key Features of Nium’s Virtual Cards

One of the standout features of Nium’s service is the ability to fund and issue virtual cards in over 20 local currencies, which significantly reduces foreign exchange conversion costs and enhances global acceptance. This capability is crucial for travel businesses like HappyEasyGo that operate across multiple international markets.

Moreover, Nium’s travel payment solutions offer rapid settlement of invoices—within two days compared to the industry standard of 30 days—and the ability to customize payment account parameters. This flexibility provides businesses with greater control over cash flow, enhancing revenue generation while minimizing margin erosion.

With a robust portfolio of Mastercard and Visa certified virtual cards, Nium is not only advancing payment solutions but also strengthening supplier relationships within the travel industry. This strategic enhancement is expected to drive better experiences for travelers worldwide, reinforcing the value of efficient and adaptable payment platforms in the modern travel market.