CellPoint Digital, which claims to be the global leader in Payment Orchestration, has announced a new partnership with Nium, the global platform for on-demand money movement.
Through this integration, CellPoint Digital and Nium will “offer merchants a frictionless, optimised end-to-end money movement process.”
Payments systems are seen by many “as complex and fragmented, neglecting the needs and experience of merchants.”
CellPoint Digital and Nium are joining forces “to address this problem, simplifying and optimising the payments ecosystem and offering merchants greater control and a far simpler process.”
Nium empowers on-demand money movement “for global payments and card issuing.”
It’s global network of regulatory licenses, compliance services and APIs are designed “to make the complexities of global commerce invisible.”
Merchants can “pay employees, suppliers, local sellers and partners, wherever they do business, seamlessly through a single platform.”
Similarly, CellPoint Digital exists “to deliver frictionless commerce.”
Its Payment Orchestration platform, “the first of its kind, was designed from day one to optimise payments efficiencies and provide authorisation and reconciliation globally and across multiple acquirers and/or PSPs.”
Domestically and across borders, both CellPoint Digital and Nium are united “by a mission to help businesses simplify commerce, be it buying, selling, transferring money, managing FX, or making payments.”
This partnership will “support CellPoint Digital’s growth and expansion into money movement capabilities, like pay-outs and alternative payment method (APM) acquiring, which complements its product suite, with Nium’s extensive global pay-out network supporting 100 currencies in more than 190 countries – 100 of which in real-time.”
Tom Randklev, Global Head of Product at CellPoint Digital said:
“CellPoint Digital and Nium share a relentless commitment to delivering frictionless commerce. As a global leader in B2B payments, Nium is a perfect partner for us in this mission. This venture will be important in the next stage of our growth as we begin to serve pay-out and APM acquiring needs as well as our existing core industries including travel, e-commerce, retail, digital commerce, and gaming.”
Michael Bermingham, Co-Founder and Chief Business Officer at Nium, said:
“This partnership with CellPoint is yet another example of how our on-demand money movement platform can truly empower global businesses to offer fast, safe, and easy digital payment solutions. Like Nium, CellPoint Digital is shaping the future of payments, putting the power back in the hands of the merchant and creating an ecosystem in which payments are efficient, affordable and hassle-free.”
CellPoint’s new partnership with Nium is “the latest step in its ongoing commitment to offer easy-to-implement solutions that help merchants solve cross-border, operational and technological challenges and simplify back-office complexities.”
