Cross-border payments platform Nium has expanded domestic card issuance capabilities into the U.S., the company announced.
With the expansion, domestic and international businesses operating in the U.S. can issue local cards in the U.S. from Nium's integrated platform, building on the technology that has issued more than 41 million card credentials in the Middle East, Europe and Asia-Pacific regions over the past year, according to Nium. A unified platform keeps businesses from having to navigate individual issuers and integrations in each individual country or region.
While Nium serves a variety of industries, travel is a key one, and it includes travel management companies, which use Nium's infrastructure to pay travel suppliers and other vendors. Travel industry payments are particularly fragmented because a single booking includes multiple suppliers—an airline, hotel and ground transportation, for example—that all might have different payment preferences.
"We've built this platform for how travel actually moves money," Nium SVP of travel Yael Klein said in a statement. "Bringing card issuance to the U.S. is the natural next step for the travel businesses that already run on Nium across APAC and Europe."