Air travel is a complex ecosystem, with many stakeholders involved, from booking to arrival at the destination, all linked by payments. However, when it comes to moving money, the burden falls harder on airlines, and these costs add up. In 2019–the last tracked year of ‘normal’ air travel–airlines spent $20.3 billion on payment costs – … Continued
Travelers love online travel agents (OTAs). Today, 41% of travelers admit they prefer booking via OTAs, while 29% book direct and 29% book via travel agents. This is reflected in the immense value in the market, with the online travel industry generating revenue worth more than $800 billion in 2021 and expected to hit $1463.98 … Continued
All over the world, the shape of work is changing. Today, there are an estimated 1.1 billion freelancers worldwide – many of which work with clients overseas. For businesses and workers, however, this presents a number of payment challenges. Costly cross-border payment fees eat into businesses’ bottom lines, while lengthy delays impact the lives of … Continued
Every day, more than 250 million migrant workers send money to friends and family back home. This year, the World Bank predicts remittance flows to low- and middle-income countries to reach a record USD 630 billion, with the United States remaining the largest single source of remittances. While the market opportunity for remittances remains constant, … Continued
By Dzmitry Mikhaliov Trade is becoming increasingly global and challenging to navigate through the ever-growing global regulatory complexities, capital controls, and the necessity to reach emerging markets. This is especially the case for digital goods merchants, with products not restricted by borders, such as gaming, eLearning courses, apps, online games, SaaS, etc. The global eCommerce … Continued
Mid to large-sized corporations have a vast international presence; this, in turn, has a significant effect on travel expenses incurred by executives to unite, collaborate, and close deals that matter. This raises several important questions- how streamlined is the cost management system, and how can more visibility be added to the money movement to ensure … Continued
We’re back with a new change maker, our series of conversations where we take you inside Nium and celebrate our leaders inspiring us to be fearless catalysts for innovation and all things extraordinary. This has been a busy month as the official fintech infrastructure partner of the International Cricket Council (ICC), and the Men’s T20 … Continued
We spoke with the Nium team that traveled to Money20/20 in Las Vegas, and several key themes emerged from the event: A demand for international remittance and real-time cross-border payments The evolution of the payroll process A focus on emerging markets and Latin America Watch our video to hear from our executives and what next … Continued
Businesses that can effectively adapt to the new commercial and technological environment have the opportunity to pursue new routes to growth and efficiency, building a competitive advantage through experience and innovation. The race for emerging markets Emerging market growth has increasingly outstripped domestic markets when it comes to global payments. However, financial links between these … Continued
Joaquin Ayuso de Paul, Head of Labs, Nium, discusses the Zero Hash partnership with Sonja Marija Sherman, Head of Marketing and Communications, Zero Hash.