Asia Pacific is one of the fastest-moving regions for global travel, and the businesses powering that growth need payment infrastructure that can keep up. Travel companies are managing more suppliers, more markets, and more currencies than ever — often while trying to reduce FX costs, improve acceptance, and simplify reconciliation across borders.
That is where virtual cards can make a real difference. By giving businesses a more flexible way to pay suppliers in the currencies they expect, virtual cards help streamline operations, reduce payment friction, and create a more reliable experience for travel partners around the world.
Nium is expanding its virtual card capabilities across APAC, giving travel businesses more ways to pay suppliers in the currencies that matter most to their operations.
As part of this expansion, Nium is adding new currency capabilities across three key APAC markets: Singapore, Australia, and Hong Kong. This includes new support for CNY-denominated virtual cards in Singapore and Hong Kong, enabling businesses to pay suppliers in renminbi while funding programmes from existing offshore renminbi (CNH) liquidity.
New currencies added by market
Singapore
New: CNY*
Currencies supported: SGD, AED, AUD, CAD, USD, EUR, GBP, HKD, JPY, SAR, THB, CNY
Australia
New: GBP, EUR, JPY, NZD, USD
Currencies supported: AUD, GBP, EUR, JPY, NZD, USD
Hong Kong
New: SGD, AED, SAR, CAD, JPY, CNY, AUD
Currencies supported: EUR, USD, GBP, HKD, SGD, AED, SAR, CAD, JPY, CNY, AUD
For Nium cards denominated in CNY (the sole ISO code for renminbi). Funding is held in offshore renminbi (CNH), with no onshore mainland China sourcing or settlement.
Nium's CNY card capability enables travel businesses to issue CNY-denominated virtual cards from Singapore and Hong Kong, funded directly from existing offshore renminbi (CNH) liquidity. This removes unnecessary FX conversion overhead and reduces the need to route programmes through USD, while operating entirely offshore with no onshore mainland China sourcing or settlement.
For travel intermediaries, this is a major step forward. Paying hotels, airlines, and other travel suppliers across borders often means managing FX costs, reconciliation complexity, fraud exposure, and refund risk. By expanding virtual card currency coverage in APAC, Nium helps businesses pay more locally, operate more efficiently, and improve the supplier payment experience.
This expansion builds on Nium's existing virtual card capabilities and gives customers more flexibility to fund and issue cards in the currencies their suppliers expect. For businesses holding offshore renminbi balances, the addition of CNY-denominated card issuance creates a more direct payment flow, reducing FX complexity while improving treasury efficiency.
For businesses operating across high-growth travel markets, broader currency coverage means fewer operational workarounds, stronger payment acceptance, and more control over cross-border supplier payments.
As APAC travel continues to grow, currency coverage is becoming a competitive advantage. With more local funding and issuing options, businesses can reduce friction, simplify reconciliation, and scale supplier payments with greater confidence.
For Nium customers, this expansion means more than additional currencies. It means more local payment options, greater control over FX exposure, and the ability to move money through the currencies that best match their supplier relationships and treasury strategy.
It's a stronger foundation for global travel payments — one that is faster, more flexible, and built for the way modern travel businesses move money.
Looking to launch a card program? Learn more about Nium’s card issuing capabilities and how we can help you get started.
