Nium Expands Its Real-time Cross-border Payment Business to Australia
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Nium Expands Its Real-time Cross-border Payment Business to Australia

Date: 2025-02-25 10:27:58    View: 206
 
Nium, a Singapore-based global infrastructure provider for real-time cross-border payments, has announced the expansion of its business to Australia.

This expansion further advances the company's mission of building a comprehensive real-time payment network, enabling enterprises to make international payments more quickly and economically.
Expanding the Real-time Payment Market in Australia

Enterprises connected to the Nium platform can now make real-time cross-border payments to bank accounts in Australia. This will reduce payment costs, shorten transaction times, and enhance reliability.

By leveraging Australia's New Payments Platform (NPP), Nium ensures that global enterprises can make instant payments to bank accounts or proxy accounts (such as PayID) in Australia.

In addition, international enterprises can access Nium's global real-time payment network through a single API, simplifying the expansion process and meeting the compliance requirements of multiple jurisdictions.

This initiative reflects Nium's commitment to building a global real-time payment network and driving the transformation of fund flows. The real-time cross-border payment function in Australia further strengthens Nium's payment network, which already covers markets in Asia, Europe, North America, and South America.
Latest Developments of Nium

In 2024, Nium's monthly payment transaction volume in the Australian market tripled, mainly due to the adoption by financial institutions and expense management platforms such as RedOwl, Weel, and Budgetly.

In terms of expanding into the Oceania market, Nium has registered as a financial services provider in New Zealand, offering virtual accounts, global payment, and card solutions, further consolidating its global business layout. Currently, Nium's licensed and registered businesses cover more than 40 countries around the world.

In 2024, the company also obtained three new payment licenses or preliminary approvals:

  • The Type 1 Funds Transfer Service Provider (FTSP) license granted by the Financial Services Agency (FSA) of Japan.
  • The Prepaid Payment Instrument (PPI) and Payment Aggregator (PA) licenses granted by the Reserve Bank of India (RBI).
ASC(Airsecurecard) is a fintech company with passion and warmth, specializing in local payments and card acquiring services, headquartered in Hong Kong. Together with our partners, we employ innovative payment technologies and solutions to integrate payment methods from the vast majority of countries and regions worldwide, providing a one-stop payment gateway service for small and medium-sized e-commerce and entertainment enterprises globally. We focus on acquiring, but we do much more!
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