Borderless AI, an Employer of Record (EOR) services provider, announced its strategic partnership with Nium, the global enabler of real-time, cross-border payments, aiming to revolutionize cross-border payments in the EOR industry.
This collaboration is said to mark a significant milestone in “enhancing efficiency, transparency, and speed in global employment and payroll solutions.”
The traditional EOR process often “faces delays and inefficiencies in cross-border payments, leading to administrative bottlenecks and hindered business operations.”
With Nium‘s technology integration, Borderless AI is able to streamline operations, “offering faster, more efficient, and secure payment solutions.”
This enables organizations to “navigate international complexities, seamlessly pay employees and contractors, and manage remote teams more efficiently.”
Nium’s payment infrastructure and global network “facilitate seamless fund transfers across borders, eliminating intermediaries and significantly reducing transaction times.”
Borderless AI can now provide clients “with instant transfer of funds through Nium’s platform, enabling efficient management of payroll, taxes, expenses, and financial obligations across more than 190 countries.”
Willson Cross, CEO of Borderless AI said:
“Our collaboration with Nium represents a significant leap in delivering multi-country payroll and unmatched value to our customers. By leveraging Nium’s innovative technology, we empower businesses to efficiently manage their global workforce while ensuring timely and secure cross-border payments.”
Some benefits derived by organizations like Affiniti Finance and MG2 Corporation include:
- Faster and more affordable cross-border payments.
- Worldwide access to 190+ countries and 100 currencies, with funds available real-time in 100 markets.
- Helps scale globally in a compliant manner, by adhering to local regulations and maintaining robust security measures.
Prajit Nanu, CEO and Co-founder of Nium, said:
“Borderless AI is contributing to the changing Employer of Record industry and we are excited to be a part of their journey. By integrating our real-time cross-border payment solutions with Borderless AI’s EOR expertise, we empower businesses to transcend geographical barriers and unlock new opportunities for growth.”
In conjunction with this partnership and to strengthen its industry expertise, Borderless AI is officially announcing “the addition of Rajesh Venkatesh as Chief Payments Officer and Umesh Maini as Chief Product Officer to its executive team.”
Both leaders bring invaluable experience from the global payments space.
Venkatesh previously served “as Chief Product Officer at Nium and worked as a payments executive for a combined 15 years at PayPal and eBay.”
Maini previously served “as Chief Product Officer at Buckzy – a cross-border payments network and embedded finance platform – and has worked as a payments executive at Western Union and TD Bank.”
This strategic alliance underscores Borderless AI and Nium’s shared commitment to innovation “in global employment solutions, paving the way for businesses to navigate cross-border operations efficiently and unlock new growth possibilities.”
