Ecobank teams up with Nium to enable cross-border payments across 35 African markets
The partnership will embed Nium’s real-time payments infrastructure into Ecobank’s banking operations.
The partnership will embed Nium’s real-time payments infrastructure into Ecobank’s banking operations.
Bank Rakyat Indonesia operates over 7,150 branches and reported approximately $4 billion in profit for 2023.
Nium has applied for a Payment Institution licence in Brazil.
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
The airlines are set to deploy Nium’s Airline Payments solution, starting in Italy.
The round values the firm at $1.4 billion, down 30% from its previous valuation of $2 billion in 2022.
The former Bank of America exec is to lead Nium’s strategy in the newly-created role.
In his new role, Satyavarapu will be responsible for managing Nium’s global engineering and technology strategy.
The acquisition is expected to close in Q3 2022, subject to customary regulatory conditions.
UK firm looks to strengthen its payment services offering in major Asian markets.
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Nium has now raised a total of around $280 million in funding.
The acquisition is expected to close in the third quarter of 2021.
The transaction is expected to close early in the third quarter of 2021.
UK’s first green debit card to let users track, reduce and offset their carbon footprint as they spend.
The US neobank promises an “enhanced outbound money experience”.
The two claim they can deliver the service for companies in as little as three months.
Nium evolved from a consumer remittance service to a B2B offering.
The round is thought to be worth between $75-$100 million.
Cambodian institutions are increasingly engaging with their global counterparts.
Nium CEO envisions a world where everyone’s money is free for them to use.