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Nium Boosts Cross-Border Payments with Local Currency Support in 40+ Countries

Fintech News

Global payments company Nium has expanded its local funding and collection services to over 40 countries and 15 currencies, with more to come. The service offers benefits such as reduced overhead costs, faster transaction speeds, and easier payment reconciliation with real-time transaction alerts.

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Nium Expands Ability for Customers to Receive in More Than 40 Countries and 15 Currencies, Offering One of the Most Extensive Networks

Fintech Finance

Nium, the global leader in real-time cross-border payments, has announced the expansion of its local funding and collection capabilities to more than 40 countries and 15 currencies, with more to come. The move makes Nium one of the only providers to offer a network this wide.

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Nium Simplifies Money Moving for Businesses Across the Globe With Network Expansion

The Fintech Times

Real-time cross-border payments provider, Nium is expanding its local funding and collection capabilities enabling its customers greater access to a range of local currencies through wires and local payment rails. Eased payment reconciliation with real time transaction alerts along with transparent sender information.

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VoPay and Avesdo’s Embedded Payment Solution Reduces Pre-Sale Property Transaction Time by 70% in the Canadian Market

Fintech Finance

Collecting large transactions using traditional payment methods such as cheques and wire transfers typically results in prolonged payment reconciliation periods, excessive administrative burdens, and significant risks due to human error. This automation minimizes manual intervention and reduces administrative workload.

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Guide to B2B Payments: A Comprehensive Overview

Nanonets

In order to make these payments, businesses need to use a payment solution that is designed for B2B transactions. There are a few different types of B2B payment solutions like Wire, ACH, Cheques, Credit Cards,  or Digital Payment methods. Wire transfers: It's one of the most common B2B payment methods.

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Guide to B2B Payments: A Comprehensive Overview

Nanonets

In order to make these payments, businesses need to use a payment solution that is designed for B2B transactions. There are a few different types of B2B payment solutions like Wire, ACH, Cheques, Credit Cards,  or Digital Payment methods. Wire transfers: It's one of the most common B2B payment methods.

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How to make vendor payments using ACH

Nanonets

Payment options: Yes, this is counterintuitive - why would you want more payment options when you’re choosing to pay via ACH? However, the reality of business today is that different vendors will have different preferences , and may choose ACH/checks/wires/card payments as their preferred payment method.

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