Spencer Hanlon

 Nium, the global leader in real-time global payments, announced a collaboration with Air France and KLM to power “closed loop” electronic payments between the airlines and selected travel agents.

Nium, the leader in real-time cross-border payments, today announced its partnership with luxury tour operator Scott Dunn to issue virtual cards to its global network of hotel providers. 

Nium, the leader in real-time global payments, has expanded its B2B travel payments offering in the Asia Pacific (APAC) region, building on rising demand for its virtual credit card offering globally. 

With France introducing domestic flight bans where there’s a rail alternative, and major European airlines like Air France, KLM and Lufthansa supporting the shift, what does this mean for the wider travel industry? 

With global interest rates hitting historical highs – currently at 5.25% in the UK following an increase recently and 5.25% in the US – and economists anticipating further increases, many businesses across the whole of the travel spectrum are finding it harder to meet their debt commitments or raise further cash.

This year’s more than welcome record summer for travel bookings brings with it the unwelcome need to increase working capital, warns Spencer Hanlon from global real-time payments platform Nium.

Spencer Hanlon, from leader in real-time global payments Nium, warns travel companies not to let the high season spike in overseas staff turn into an expensive headache this year.

Travel technology industry experts explain how both travel suppliers and travel intermediaries are using technology as an edge to make sure they don’t miss out on the one-off boost to tourism from the Coronation of Charles III this coming weekend in London.

Nium, the global platform for Modern Money Movement announced the launch of Nium Airline Payments (NAP), a closed-loop payments solution powered by Universal Air Travel Plan (UATP).

Ahead of World Tourism Day with the theme ‘Rethinking Tourism’ – Spencer Hanlon, Head of Travel at B2B payments specialist Nium comments on how embracing the fintech revolution could benefit the tourism industry.