May 21, 2024


Think Differently

Nium Authorized as a Registered Fiscal Support Company in New Zealand

WELLINGTON, New Zealand, April 15, 2024 /PRNewswire/ — Nium, the worldwide leader in serious-time, cross-border payments, nowadays declared that it is now registered as a Monetary Services Provider in New Zealand. This pivotal phase marks Nium’s entry into the dynamic money landscape of New Zealand and reinforces its motivation to providing modern economic solutions globally.

The registration provides to Nium’s intensive portfolio of licenses and registrations that address much more than 40 countries globally. In 2024, Nium has now acquired approvals / in-basic principle approvals for 4 licenses and registrations, which includes:

a)  Japan: Form 1 Resources Transfer Service Service provider (FTSP) license from Japan’s Money Provider Agency (FSA)

b)  India: Pay as you go Payment Instrument (PPI) license from the Reserve Bank of India (RBI)

c)  India: Payment Aggregator (PA) license from the Reserve Bank of India (RBI) and,

d)  New Zealand: Registration on the Economic Support Service provider Register (FSPR).

This registration is a to start with move to supplying corporations in New Zealand a assortment of economic solutions that could consist of virtual accounts, debit and pre-compensated playing cards, resources collection, and world payouts. The go builds on Nium’s effectively-recognized presence in the Oceania region – with two out of 3 of the largest expend administration platforms in Australia leveraging Nium’s international community. The registration in New Zealand additional strengthens Nium’s situation as a chief for cross-border dollars motion, empowering banking companies, economical institutions, journey platforms, payroll vendors and other companies.

Runn Sachasiri, Senior Vice President of World wide Enlargement and CEO’s Office at Nium expressed the firm’s pleasure about the regional and global effect, stating “We are thrilled to deliver Nium’s innovative cross-border payments solutions to New Zealand. We glimpse ahead to enabling enterprises to do far more commerce with New Zealand by offering the pace, efficiency, and transparency of payments that has very long been lacking from the international marketplaces.”

Nium a short while ago declared its partnership with Weel, Australia’s top expend management system as a card-issuing lover.

“Our partnership with Nium is a key enabler of our technique to assist the world wide invest administration requirements of our consumers.,” mentioned Russell Martin, Co-Founder and CTO at Weel. “Nium’s registration in New Zealand paves the way for us to satisfy need from our buyers to convey our featuring to the New Zealand market in the coming months.”

About Nium
Nium, the leader in genuine-time, cross-border payments, was established on the mission to supply the world payments infrastructure of tomorrow, now. With the onset of the world financial system, its payments infrastructure is shaping how financial institutions, fintechs, and corporations almost everywhere obtain, convert, and disburse funds immediately throughout borders. Its payout network supports 100 currencies and spans 190+ nations around the world, 100 of which in authentic-time. Money can be disbursed to accounts, wallets, and cards and collected locally in 35 marketplaces. Nium’s expanding card issuance company is previously available in 34 nations. Nium holds regulatory licenses and authorizations in extra than 40 nations, enabling seamless onboarding, swift integration, and compliance – unbiased of geography. The corporation is co-headquartered in San Francisco and Singapore.

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Source Nium