#Germany #Frankfurt #Cross-Border Payments #Nium #Global Collections

Nium Launches Global Collections

Nium, a leading name in the realm of real-time cross-border payment solutions, has introduced a significant product aimed at transforming the way banks handle local currency collections. On September 30, 2025, the company revealed its new service known as Global Collections. This innovative offering is designed to empower banks by providing them with the ability to offer their customers local currency receivables across multiple countries.

What is Global Collections?

Global Collections is a white-label solution that allows banks to establish multi-currency collections accounts through Nium's robust infrastructure. By leveraging powerful APIs (Application Programming Interfaces) and a versatile virtual account system, banks can issue accounts that are named after their customers. This means that clients from participating banks can collect payments in local currencies, enabling them to operate more efficiently in key international markets.

Initially, Nium supports collections in EUR (Euro), SGD (Singapore Dollar), USD (U.S. Dollar), and GBP (British Pound) with plans to expand to additional currencies in the near future. The importance of this product lies in its ability to unlock new revenue streams, as it integrates collections, foreign exchange (FX) conversion, and payouts into a single platform.

Benefits for Banks and Customers

The Global Collections service is tailored to help banks reclaim the FX margins that might otherwise go to third-party fintech solutions involved in inbound cross-border payments. As Nium's Head of Product, Ranaditya Palit, pointed out, "For years, Nium has helped banks and financial institutions power their payouts. Now, they can collect funds on behalf of their customers, settle in any currency, and capture the revenue opportunities of cross-border flows, all through our APIs."

Among the key features of Global Collections are:

• - Local Currency Virtual Accounts: Banks can create virtual accounts in their customers' names, enabling them to collect payments efficiently across Europe, the UK, the US, and Singapore.
• - Integrated FX and Payouts: This feature allows banks to settle in any required currency while managing FX spreads effectively.
• - API-First Design: The APIs facilitate not only the issuance of accounts but also the seamless reconciliation of payments and instant fund transfers.
• - Ease of Integration: Banks can incorporate Global Collections into their existing customer service channels, whether digital or traditional branch banking.

Nium’s Growing Suite of Solutions

Global Collections signifies a significant advancement in Nium’s offerings, joining its existing suite that includes global payouts, real-time foreign exchange, and compliance infrastructure. With these solutions, Nium aims to provide banks the same capabilities as fintech companies, combining the benefits of security, transparency, and extensive global reach.

About Nium

Founded with the mission to modernize global payments infrastructure, Nium has established itself as a trusted player in the financial technology landscape. The company's diverse payment network supports transactions in 100 different currencies and operates across over 190 countries, including real-time capabilities in 100 of those markets. With robust regulatory licenses spanning more than 40 countries, Nium ensures speedy onboarding, efficient integration, and stringent compliance, making it a valuable partner for banks and financial institutions worldwide.

Nium's ability to adapt and innovate holds great potential for the future of banking, enhancing how institutions manage their cross-border operations and improving customer service in an increasingly globalized world.