Nium, the foremost provider of real-time cross-border payment solutions worldwide, has revealed its intention to formalize a partnership through a Memorandum of Understanding (MOU) with Artajasa, a prominent payment infrastructure firm in Indonesia. Artajasa oversees the essential switching services utilized by banks and fintech companies to enable swift, secure, and dependable electronic transactions. This collaboration aims to guarantee smooth, instantaneous cross-border transfers connecting Indonesia with global destinations.
The MOU will be signed tomorrow at Money 20/20 Asia in Bangkok by Nium's Executive Vice President and General Manager for the Asia Pacific and Middle East regions, Anupam Pahuja. The strategic collaboration demonstrates Nium's commitment to modernizing the world's cross-border payments infrastructure, bringing it into the real-time era. Under the leadership of Pahuja, who joined the company in 2023, Nium has expanded significantly in the region. Today Nium announced that its partner, Jeonbuk Bank in Korea, has gone live with its real-time remittance service, enabling the bank to serve a growing number of immigrant clients better.
Nium has established itself as the leading choice for cross-border payments in Thailand, with its platform driving operations for four of the nation's top banks: Kasikorn Bank, Krungsri (Bank of Ayudhya), Krungthai Bank, and Siam Commercial Bank. These partnerships exemplify Nium's dedication to providing cutting-edge financial services and nurturing enduring connections with essential players in the industry.
"Nium's growth in APAC reflects our dedication to transforming the global financial landscape", said Anupam Pahuja, Regional Executive Vice President of APAC & MEA. "By partnering with leading institutions like Artajasa and JB Bank, we aim to help businesses accelerate their growth across the region with secure, efficient, and innovative financial solutions".
"As an institution that has experience in providing solutions for various digital payment services in Indonesia, we certainly welcome the strategic collaboration established between Nium and Artajasa to expand cross-border payments while encouraging digital penetration in Indonesia, regionally and globally. This collaboration will certainly further strengthen our commitment to providing integrated, easy, and secure payment solutions to answer customer needs", explained Heru Perwito, Director of Business, Artajasa.
Alongside its expansion in the region, Nium has unveiled a freshly released white paper, supported by data, which tackles the obstacles faced in cross-border B2B payments across the APAC region. This comprehensive document delves into ongoing initiatives and highlights the crucial role intermediaries play, in collaboration with Kapronasia, a leading research firm in payments, banking, and capital markets in Asia. Nium's broad spectrum of licenses and registrations spans over 40 countries worldwide.