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Scott Dunn taps Nium to improve hotel cash flow management

By Gloria Methri

April 03, 2024

  • Cash Flow Management
  • Cross Border Payments
  • digital travel platforms
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Nium, FinTech, UK, Cross Border Payments, Scott Dunn, Virtual Card Payments, Travel PaymentsNium, the real-time cross-border payments specialist, has partnered with luxury tour operator Scott Dunn to issue virtual cards to its global network of hotel providers.

Nium’s virtual card solution enables travel intermediaries to pay airlines, hotels, and the global travel ecosystem via more efficient, cost-effective, and secure transactions in more than 20 local currencies.

Scott Dunn’s extensive network of global hotel partners benefits from improved reconciliation, card scheme protection, and quicker access to funds, helping to maximise working capital and improve cash flow.

In 12 months since working with Nium, Scott Dunn has been able to add new hotel destinations to its offering that it couldn’t before, improve conversion rates among its customer base, and strengthen its provider relationships. 

Mark Woodall, Chief Financial Officer at Scott Dunn, said, “Accelerated by the post-pandemic travel boom, high-net-worth individuals and families are seeking new experiences and more bespoke holidays than ever before. In a short period, Nium’s innovative virtual card payment solution has enabled us to expand our global footprint by offering more choice, flexibility, and control to our new and existing hotel partners around the world, in turn driving deeper connections, better prices, and improved experiences for our customers.”

“For decades, payments have been perceived as a necessary cost of doing business, and the travel industry is no exception,” said Spencer Hanlon, Global Head of Travel Payments at Nium. “Our partnership with Scott Dunn is a great example of how this is changing. Today, virtual card solutions are helping travel businesses unlock value from payments to create new revenue streams and differentiate from the competition. We look forward to continuing to help Scott Dunn accelerate growth and meet the needs of its customers with our innovative payment solutions,” he added.

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