New B2B payment innovation offers airlines $2 billion a year opportunity

Nium, the global platform for Modern Money Movement, has published a report revealing how new ‘closed-loop’ B2B payment solutions to share payment costs between airlines and travel sellers more equitably could provide a much-needed economic boost for the industry. The free-to-download 14-page report – titled Closing the loop for air travel: A new payments model […]

Nium unveils ‘closed loop’ payments alternative for airlines and OTAs

Nium has announced the launch of Nium Airline Payments (NAP), a closed-loop payments solution powered by Universal Air Travel Plan (UATP). NAP provides airlines, travel agents, and online travel agencies (OTAs) with a sustainable and equitable ‘closed loop’ payment model, which closes the door on damaging surcharges and business restricting non-acceptance policies that have inflated […]