Global Fintech Players Nium and Stripe Target Travel Payments for Growth
Photo Credit: Contactless payments were initially adopted at scale at the start of the pandemic due to safety and hygiene concerns. Flickr / Nenad Stojkovic
Skift Take
These startups are taking aim at the travel industry’s legacy payment systems, which Omicron will be putting to the test again this winter.
Two fintech companies are extending their reach further into new territories, riding the wave of payment digitization and setting their sights on travel.
Singapore’s Nium has now completed its acquisition of business-to-business travel payments platform Ixaris, and its U.S. expansion is on track with co-founder and CEO Prajit Nanu having relocated to San Francisco. Irish-American startup Stripe meanwhile has teamed up with TripActions to grow in Europe.
Nium spots new opportunities to expand, in part due to the latest Omicron variant causing widespread disruption and changes in money flows, not least with airline refunds.
“There’s a groundswell for digitization of payments, beyond archaic payment channels like (International Air Transport Association’s) Billing and Settl
