Nium expands in Asia, seals Artajasa partnership MOU

Global payments expansion in Indonesia; adds to recent successes in Korea and Thailand
PRNewswireApril 23, 20245 min

Nium, the global leader in real-time cross-border payments, announced it will sign a partnership Memorandum of Understanding (MOU) with Artajasa, one ofĀ Indonesia’sĀ leading payment infrastructure companies. Artajasa operates the switching services banks and fintechs use to facilitate fast, secure, and reliable electronic transactions. The partnership will ensure seamless, real-time, cross-border transfers betweenĀ IndonesiaĀ and the world.

The MOU will be signed tomorrow atĀ Money 20/20Ā AsiaĀ inĀ BangkokĀ by Nium’s Executive Vice President and General Manager for theĀ Asia PacificĀ andĀ Middle EastĀ regions,Ā 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, whoĀ joined the company in 2023, Nium has expanded significantly in the region. Today Nium announced that its partner,Ā Jeonbuk BankĀ in Korea, has gone live with its real-time remittance service, enabling the bank to serve a growing number of immigrant clients better.

InĀ Thailand, Nium has proven to be the gold standard for cross-border payments, its platform powers four of the country’s premier banks:Ā Kasikorn Bank,Ā Krungsri (BankĀ of Ayudhya),Ā Krungthai Bank, andĀ Siam Commercial Bank. These partnerships further underscore Nium’s commitment to delivering innovative financial services and fostering long-term relationships with key industry players.

“Nium’s growth in APAC reflects our dedication to transforming the global financial landscape,” saidĀ 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 inĀ Indonesia, we certainly welcome the strategic collaboration established between Nium and Artajasa to expand cross-border payments, while encouraging digital penetration inĀ 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.

In addition to growth in the region, Nium recently launched a newĀ data-backed white paperĀ that addresses cross-border B2B payment challenges in APAC, current initiatives, and the important role of intermediaries, alongsideĀ Asia’sĀ leading payments, banking, and capital markets research firm,Ā Kapronasia.

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