Nium is forging new partnerships to open doors in Southeast Asia.
A leading digital cross-border payments company providing easy, transparent and affordable solutions for international payments
Goal
The company was looking to further differentiate themselves in a crowded marketplace by offering an enhanced payment experience.
Solution
Nium began leveraging Ripple’s advanced blockchain technology to process transactions in real-time.
Through Nium's use of Ripple in the Philippines and Mexico corridors, we have been able to reduce pre-funding requirements and offer faster remittances at a lower cost.
Prajit Nanu
Co-Founder and CEO at Nium
Faster, More Reliable Payments Worldwide
Within weeks of joining RippleNet, Nium began leveraging Ripple’s advanced blockchain technology to process transactions in real-time for its customers. This not only meant a faster, more reliable payments experience for its customers, it also amounted to significant offtake in the total volume of remittances, in just five months. Most importantly, RippleNet helped Nium quickly increase the breadth and depth of its global payments services by connecting with new partners. Thanks to RippleNet, Nium is the first in the region to offer corridors from North and South America into a number of destinations in Southeast Asia. New connections on the network have also helped Nium solidify its presence across Australia, Singapore and Malaysia.
