Global payments provider Nium has partnered with international payment service ECOMMPAY to offer merchants a “closed-loop system” for international payouts, a press release said Thursday (Feb. 24).
Nium provides global payments and card issuance solutions and operates payouts for businesses in over 190 countries in over 100 local currencies.
Now ECOMMPAY will be able to offer payouts to merchants made directly to bank accounts, in the country of choice and using a secure local network.
ECOMMPAY will now be able to access new markets and offer seamless pay.
Olga Karablina, head of payment product development and partner relations at ECOMMPAY, comments: “Joining forces with Nium opens up a whole plethora of opportunities in new global regions.”
Spencer Hanlon, head of EMEA business operations at Nium, said the partnership “consolidates Nium’s expanding footprint in Europe and the U.K. Our global payments infrastructure will provide the extra boost and competitive edge to ECOMMPAY customers, who are looking to grow internationally.”
Read more: Nium and FINCI Team to Boost International Payments
PYMNTS wrote that Nium has also recently worked alongside FinTech company FINCI to use Nium’s offerings in the Asia Pacific and Europe, the Middle East and Africa.
The report says the collaboration “will enable real-time payments to new markets and improve services to existing regions for FINCI’s individual and business customers.”
Nium Chief Revenue Officer Frederick Crosby said the goal is to strengthen younger businesses and help them to make a footprint around the globe by overcoming local payments infrastructures.
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