Nium, a global payments infrastructure provider, has announced a partnership with. partitionblockchain-based clearing and payment network, Singapore FinTech Festival 2024.
With this collaboration, nium It is the first fintech payments service provider to join the Partior network, enabling new features such as programmable corporate liquidity management and just-in-time multi-bank payments for financial institutions.
This partnership will enable financial institutions to connect with Nium for faster and more transparent cross-border payments.
By leveraging Partior’s blockchain technology, Nium provides 24/7 real-time payments, clearing, and settlement to over 100 markets, increasing service efficiency and reducing delays.
This integration simplifies what would normally require extensive technical resources, streamlines access for financial institutions, and strengthens Nium’s global reach.
Partition’s platform addresses key inefficiencies in global payments by accelerating payment times, lowering costs, and increasing transparency.
The partnership supports Nium’s broader strategy to expand its network and enhance its service capabilities with new services such as real-time multi-currency payments, intraday FX swaps and cross-currency repos.
Alexandra Johnson, chief payments officer at Nium, said:
“The partnership between Nium and Partior brings us closer to the most connected payments network in the world. By integrating with advanced networks such as Partior, financial institutions can , giving you quick and easy access to our real-time payments infrastructure.
Recognizing how resource-constrained financial institutions are, we are on a mission to eliminate barriers to network access, increase interoperability, and enable seamless, streamlined real-time payments for anyone, anywhere. Masu. ”
Humphrey Wallenbreder, Chief Executive Officer of Partior, said:
“Our partnership with Nium is an important step in our efforts to further advance the global payments landscape.
By combining Partior’s real-time blockchain payments network with Nium’s vast global reach, we are enabling financial institutions to break through long-standing barriers. ”
Featured image credit: Edited from freepic
