Nium, a global payment infrastructure leader, has partnered with blockchain-based FinTech Partior to provide real-time, multi-currency payments to financial institutions worldwide.
The partnership, announced at the Singapore FinTech Festival 2024, aims to enhance Nium’s mission of providing seamless cross-border payments with 24/7 accessibility, transparency, and efficiency.
Pioneering Real-Time Multi-Currency Payments
Through this partnership, Nium becomes one of the first FinTech payment service providers (PSPs) on the Partior network.
This strategic move enables financial institutions to connect with Nium via Partior, facilitating real-time payouts, clearing, and settlement across over 100 global markets.
For businesses operating around the clock, this integration ensures that they have constant access to a robust and dependable payment infrastructure.
This collaboration supports Nium’s strategy to broaden its reach through integration with innovative payment networks.
Partnering with Partior helps Nium tackle traditional global payment challenges, including high costs, settlement delays, and limited transparency, using blockchain’s efficiency and security.
The alliance promises to transform global payments for financial institutions by making transactions faster, more accessible, and cost-effective.
Solving Global Payment Challenges with Blockchain
Partior’s blockchain-powered platform addresses many longstanding issues in international payments, offering a highly efficient solution that cuts down costs and minimizes settlement delays.
Blockchain technology enables real-time, transparent transactions, ensuring that financial institutions can execute payments with minimal friction.
Nium’s decision to leverage Partior’s network enhances its existing infrastructure, allowing clients to perform payments that are not only fast but also secure and transparent.
“Nium’s partnership with Partior brings us closer to becoming the most connected payments network globally,” said Alexandra Johnson, Chief Payments Officer at Nium. “By integrating with advanced networks like Partior, we ensure that financial institutions can access our real-time payments infrastructure effortlessly. Our goal is to simplify global payments for financial institutions by removing barriers to entry and boosting interoperability.”
Humphrey Valenbreder, CEO of Partior, praised the partnership with Nium as a significant step in advancing global payments. He emphasized the potential of Partior’s blockchain settlement network and Nium’s global reach in enabling instant, transparent, and universally accessible cross-border payments.
Unlocking New Services and Capabilities
As part of its growth strategy, Nium is expanding its range of services to support frictionless, real-time multi-currency payments and introducing several new features through this partnership.
These services include intra-day FX swaps, cross-currency repos, programmable enterprise liquidity management, and just-in-time multi-bank payments for financial institutions.
In today’s digital economy, efficient liquidity management is vital for corporate and financial institutions. By allowing real-time multi-currency payments and Payments versus Payments (PvP) settlements, Nium is simplifying access to global payments.
This collaboration also introduces flexible liquidity options, enhancing financial institutions’ ability to handle multi-currency transactions more effectively.
This partnership will redefine the global payments landscape, providing financial institutions with a faster, more reliable, and cost-effective cross-border transaction solution.
With Nium’s extensive network and Partior’s blockchain technology, the barriers to efficient international payments are breaking down, making real-time multi-currency payments a reality for businesses worldwide.
Building on this collaborative effort, Nium is making significant steps toward its vision of a truly interconnected payments ecosystem, enabling global financial institutions to transact seamlessly across borders.
