The Californer - Nium and Partior Partner on Real-Time, Cross-Border Payments, Clearing and Settlement

Trending...

SINGAPORE, Nov. 5, 2024 ~ At the Singapore Fintech Festival 2024, Nium, the leading global infrastructure for real-time cross-border payments, announced a groundbreaking partnership with Partior, the blockchain-based fintech for clearing and settlement. This partnership marks a significant step in Nium's recent strategy to connect more networks to its real-time payments infrastructure.

As the first fintech payment service provider (PSP) on the Partior network, Nium will now be able to offer financial institutions seamless access to its global payments network. This means that institutions can connect with Nium via Partior for 24x7, transparent, real-time payouts, clearing, and settlement to over 100 markets worldwide. The best part? This connection requires no additional API integration work, streamlining what historically took months of resource-intensive work.

More on The Californer

This collaboration is a game-changer in today's global landscape where companies operate around the clock. Effective liquidity management is essential for both corporate and financial institutions, and this partnership allows Nium to offer its clients the ability to execute real-time multi-currency payments and Payments versus Payments (PvP) settlements. By joining forces with Partior's blockchain-powered platform, Nium is effectively resolving longstanding inefficiencies in global payments such as settlement delays, high costs, and limited transaction transparency.

Alexandra Johnson, Chief Payments Officer at Nium, expressed her excitement about this new partnership stating that it brings them closer to becoming the most connected payments network globally. She also highlighted how integrating with advanced networks like Partior eliminates barriers for financial institutions and increases interoperability.

More on The Californer

Humphrey Valenbreder, Chief Executive Officer at Partior also shared his enthusiasm about this collaboration saying that it marks a significant step in their journey to further advance the global payments landscape. By combining Partior's real-time blockchain settlement network with Nium's vast global reach, they are empowering financial institutions to break down long-standing barriers. Valenbreder also painted a picture of the future they are building together, where cross-border payments are instantaneous, transparent, and accessible to all.

This partnership is part of Nium's continued expansion and will enhance its ability to facilitate frictionless global transactions. It will also unlock new services such as intra-day FX swaps, cross-currency repos, programmable enterprise liquidity management, and Just-in-Time multi-bank payments for financial institutions worldwide.

Nium's growing network, supported by strategic partnerships like this one with Partior, is setting a new standard for how financial institutions can access and benefit from global payments. This partnership is paving the way for a more efficient and transparent financial ecosystem.

Filed Under: Business

0 Comments

Latest on The Californer