Nium, the infrastructure for real-time cross-border payments, announced the launch of the Diners Club International Card for its travel customers.
This milestone reportedly makes Nium one of the “first” global payment card issuers in the travel space to “offer cards across the four major schemes.”
Nium empowers some of the world’s online travel intermediaries to instantly, and cost-effectively “pay airlines and travel suppliers around the world using its B2B virtual card solution.”
Now, the introduction of the Diners Club International Card provides Nium travel customers with payment flexibility, acceptance, and choice, reinforcing Nium’s position “as a scheme-agnostic innovator in the travel payments industry.”
Mark Anthony Spiteri, SVP & Global Head of Card Business at Nium said:
“Expanding our payments offering with Diners Club International underscores Nium’s commitment to delivering innovative and flexible solutions that meet the evolving needs of the travel ecosystem. Building on our real-time cross-border payments network spanning over 220 markets, our ability to issue virtual cards across four of the world’s leading payment schemes – Visa, Mastercard, UATP, and now Discover – gives our customers unparalleled global access, so they can scale their businesses seamlessly across borders and industries.”
Diners Club International, which is a part of Discover Global Network, provides travel corporations and business owners with “a range of payment and expense management solutions.”
Diners Club Card holders reportedly benefit from acceptance at over 55 million global merchant locations and more than 1.2 million ATMs, as well as “access to over 1,500 airport lounges and experiences worldwide.”
Matt Sloan, Vice President, International Markets EMEA at Discover said:
“The premium proposition offered by Diners Club International is perfectly aligned with Nium’s ambition to deliver best-in-class payment solutions to its travel intermediary, airline, and global partners. Diners Club International’s unique partnership model has built a strong acceptance footprint around the world. Complemented by Nium’s expansive real-time payments network, we are now able to reach even more global markets and members than before.”
The addition of the Diners Club International Card will aim to optimize costs, improve acceptance, and “increase optionality for Nium’s virtual card travel customers.”
The offering is available internationally.
The relationship will now aim to enhance Nium’s Airline Payments offering, the travel industry’s first ‘closed-loop’ B2B payment method “for online travel agents and their airline partners.”
