Nium, a payments Fintech based in Singapore, has announced a partnership with Teledolar in Costa Rica thus entering the Latin American market.
Nium states that its expansion in LatAm will help Fintechs, banks and financial institutions digitize their solutions.
Through the partnership with Teledolar, customers will be able to conduct outbound payments in real-time to many different markets, including Europe, UK, and USA.
Rohit Bammi, Global Head of Institutional Sales at Nium, said their mission is to improve business efficiency through the introduction and facilitation of financial technology.
“Teledolar has been instrumental in creating a fintech platform for consumers, SMBs, banks and financial institutions in Costa Rica to move funds overseas in a more convenient manner, and we are excited to work with them to deliver a better, more convenient and faster remittance experience for their customers.”
Bammi said they look forward to working with local players in the LatAm market to simplify cross border transactions.
Juan Carlos Bedoya, CEO of Teledolar said they are proud and excited at the opportunity to be Nium’s first partner in Costa Rica, and look forward to offering their clients “better services that are more efficient, secure, and provide greater transparency.”