Nium and Thredd Expand Partnership to Power B2B Travel Payments in APAC [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
with Thredd , a leading global payments processor, to issue virtual cards in the Asia Pacific (APAC) region. Nium's virtual card solution is used by travel intermediaries to effectively pay hotels, airlines, and other global travel suppliers with enhanced security, efficiency, and reduced costs. The expansion comes as global B2B travel transaction volumes are projected to reach $1.7 trillion by 2027, according to Thredd's latest report, with the APAC region the fastest-growing market expected to reach $480 billion in the same year. By integrating Thredd APIs into its single platform for instant global payments, Nium has been able speed up transactions to 200 milliseconds when issuing and loading virtual cards in nearly 30 countries worldwide. Certified by Visa and Mastercard to process credit, debit, and prepaid card transactions globally on one platform, via the partnership Thredd also enables Nium to increase acceptance rates and guarantee card scheme protection for its travel i
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MA
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- 5/1/24 - Beat
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Sec Filings
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- 5/2/24 - Form 4
- 5/1/24 - Form IRANNOTICE
- MA's page on the SEC website