Nium partners with Visa, to launch in Southeast Asia

Nium, a digital cross-border payment platform, has partnered up with VIA and is set to launch across Southeast Asia.

Formerly known as InstaRem, Nium is a fintech-based money transfer service provider. Through its partnership with Visa, it now enables users to make real-time money transfers through their 16-digit Visa debit card numbers. Designed for peer-to-peer and business-to-business transfers, the first phase of Nium’s services will roll out to countries such as Singapore, Indonesia, Malaysia, Thailand, Vietnam, and the Philippines.

Prajit Nanu, co-founder, and CEO of Nium stated:

At Nium, we understand that individuals’ and businesses’ need to receive money quickly, especially in markets where there are no instant payment solutions like FAST or IMPS. The partnership using Visa’s push payment solution and secure network will allow our consumers to transfer money in a faster, convenient and more secure way.