Nium and Partior have partnered on real-time, cross-border payments, clearing and settlement.
Nium now reportedly becomes one of th efirst fintechs to join the blockchain-based network, enabling cross-border payments, market reach, and transaction transparency
Nium, the infrastructure for real-time cross-border payments, confirmed its partnership with Partior, the blockchain-based fintech for clearing and settlement at the Singapore Fintech Festival 2024.
The partnership makes Nium the first Fintech payment service provider (PSP) on the Partior network.
Financial institutions can now connect with Nium through Partior for 24×7, real-time payouts, clearing, and settlement to 100+ markets.
As explained in the update, the connection will require “no additional” API integration work, streamlining what took “months” of resource-intensive work.
This partnership builds on Nium’s strategy to connect networks to its real-time payments‘ infrastructure.
By joining the Partior network, Nium is extending its connectivity to one of the “most innovative” networks.
Partior’s blockchain-enabled platform resolves inefficiencies in payments, such as settlement delays, high costs, and limited transaction transparency.
In today’s landscape, where companies operate around the clock, effective liquidity management is essential for corporate and FIs.
This collab enables Nium to offer its clients the ability to execute real-time multi-currency payments and Payments versus Payments (PvP) settlements, further “simplifying access to its global payments network.”
Alexandra Johnson, Chief Payments Officer at Nium said that their partnership with Partior brings them “closer to becoming the most connected payments network globally. By integrating with advanced networks, such as Partior, we are ensuring that financial institutions can quickly and easily access our real-time payments infrastructure without the need for complex technical integrations,”
Humphrey Valenbreder, Chief Executive Officer at Partior said that partnering with Nium marks a significant step in their journey “to further advance the global payments landscape.”
As part of its continued expansion, Nium’s partnership with Partior enhances its ability to facilitate “transactions and unlock new services such as intra-day FX swaps, cross-currency repos, programmable enterprise liquidity management, and Just-in-Time multi-bank payments for financial institutions worldwide.”
Nium’s network, supported by these partnerships, is setting a standard for how FIs can access global payments, paving the way for a transparent financial ecosystem.
