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Tuesday, June 18, 2024 Today, Nium, a global frontrunner in real-time cross-border payments, unveiled a partnership with Air France and KLM aimed at facilitating “closed loop” electronic payments between the airlines and specific travel agents. The collaboration introduces the Nium Airline Payments Solution (NAP), which presents an alternative to travel agent card transactions. NAP leverages a secure network of trusted UATP authorization rails and bank transfers, offering advantages such as reduced costs, streamlined reconciliation, and accelerated settlement processes.

NAP revolutionizes the payment process by cutting out intermediaries, enabling Air France and KLM to offer a fresh payment option to their chosen travel agents. With NAP, Nium ensures seamless payment acceptance and slashes settlement times from hours to mere minutes and seconds. “For decades, the travel industry has been grappling with complex, slow, and expensive payment methods.



Nium is helping travel agents and their airline and hotel partners unlock the potential of global real-time payments, transforming the way money moves through the travel ecosystem for the better. We look forward to helping Air France and KLM resolve some of the inequities – for both the airlines and for the travel-selling intermediaries – associated with outdated traditional payment models,” said Spencer Hanlon, Global Head of Travel Payments at Nium . Travel agents prioritize payment speed, efficiency, and acceptance ra.

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