Integration with Nium’s single global API enables Roxe to expand and streamline real-time payouts from the United States to Europe, the UK, Australia and Asia
Nium, a leader in global payments and card issuance for businesses, and Roxe, the next-generation, open global payment network, announced a strategic partnership that will allow Roxe to leverage the reach of Nium’s network to pay out to key global markets, including from the US to Europe, the UK, Australia and Asia, in real-time.
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Nium supports payouts to as many as 190 countries (85 in real-time) in 100+ currencies and pay-ins to 35 markets. Foundational to Nium’s global payments infrastructure is its license portfolio, with licenses in 11 jurisdictions globally and a robust suite of regulatory and compliance technologies.
“We are delighted to work with like-minded partners such as Roxe, to serve their mission of empowering banks, payment service providers and other connected financial institutions to provide real-time, low-cost payments and payment acceptance to their customers across the world,” said Michael Bermingham, Chief Business Officer and Co-Founder at Nium.
Roxe unifies fragmented global payment systems to provide instant peer-to-peer global payments that do not rely on the correspondent bank model, leveraging the latest advances in blockchain and decentralized liquidity technology to deliver instant settlement on the blockchain, lower foreign exchange costs, and lower cross-border remittance costs.
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With an unmatched network to deliver global embedded financial services and the capacity to provide integrations in as little as four weeks, Nium provides the speed and scale for customers to unlock new revenue opportunities and improve cash flow economics throughout the global economy.
“Our partnership with Nium enables us to better deliver on our promise of instant peer-to-peer payments that don’t rely on the antiquated correspondent bank model. We pride ourselves on removing barriers so that financial value moves at unprecedented speed at much lower costs anywhere in the world. Partnering with Nium provides us an even more seamless, reliable, and cost-efficient experience for our global customers,” said Thomas Trepanier, Managing Director of Roxe.
Roxe’s integration with Nium’s payout capability will enable Roxe to provide expanded and streamlined real-time payment capabilities from the US to Europe, the UK, Australia and Asia.
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