#Singapore #Cross-Border Payments #Nium #Digit9

Nium and Digit9: A Partnership for Enhanced Payment Solutions

In a significant advancement in the payment industry, Nium, a leading provider of real-time cross-border payment infrastructure, has announced a strategic partnership with Digit9, an innovative player in payment solutions. This collaboration aims to transform the landscape of cross-border transactions, making them faster and more efficient for businesses operating on a global scale.

Nium is renowned for its robust infrastructure which supports payments in multiple currencies across over 190 countries. Through this partnership, Digit9 will leverage Nium’s expansive network to facilitate real-time payouts that ensure full value delivery. This means businesses will no longer have to worry about hidden fees that often accompany traditional payment methods.

The focus of this partnership is initially set on facilitating payouts in US dollars, with plans to expand into various currencies and markets in the future. Digit9 aims to revolutionize how B2B payments are processed, enabling businesses to gain immediate access to their funds. This not only improves settlement cycles but also enhances cash flow predictability—a vital aspect for businesses looking to thrive in a competitive environment.

Anupam Pahuja, the Chief Revenue Officer of Nium, stated, "Digit9 is evolving what digital payments look like, and we're proud to power that growth. Our network gives Digit9 the ability to make cross-border payouts fast, compliant, and real-time, enabling the region's businesses to move money like never before." This highlights the commitment from both companies to redefine the cross-border payment experience, making it seamless and efficient.

Hashim Rasheed, Head of Digit9, echoed this sentiment by expressing that their goal is to create a digital economy where cross-border transactions are as seamless as possible. Through the collaboration with Nium, businesses will have access to full-value payouts, allowing them to trade freely across borders without the hassles that traditionally come with international transactions.

Digit9’s growth trajectory demonstrates its dedication to enabling economic opportunities on a global scale. By simplifying access for SMEs to international suppliers and fostering new trade relationships, Digit9 is significantly contributing to the digital transformation in markets that previously relied on fragmented banking infrastructures.

As more businesses recognize the benefits of partnering with innovative payment solutions providers like Nium and Digit9, a shift in how global financial transactions are conducted is inevitable. The anticipation for these changes is palpable as both companies work towards embedding real-time global payouts into everyday business practices, making them the standard rather than a rare occurrence.

This partnership marks a pivotal moment for both Nium and Digit9 as they embark on a journey to influence the future of cross-border commerce, enhancing the way businesses operate globally. By prioritizing transparency and efficiency, they aim to build trust and reliability in the financial services sector.

About Nium

Nium is at the forefront of the global payments infrastructure, with a mission to provide the most advanced payment solutions currently available. Their influence spans across banks, fintechs, and other businesses, allowing for instant collection, conversion, and disbursement of funds across international borders. Nium’s solutions cover over 100 currencies, empowering businesses in more than 190 countries.

About Digit9

Digit9 is a cross-border payments orchestration platform that simplifies the diverse needs of financial institutions. As a part of LuLu Financial Holdings, Digit9 integrates various payment methods and service providers to streamline cross-border transactions. With a focus on efficiency and customer satisfaction, Digit9 is reshaping financial relationships in a globalized economy.