The launch of the paper is the first of many activations Nium
has planned for Money 20/20 Asia
SINGAPORE, April 19, 2024 /PRNewswire/
-- Nium, the global leader in real-time, cross-border
payments, and Asia's leading
payments, banking, and capital markets research firm, Kapronasia,
today launched "Breaking Borders: The Revolution of
Real-Time Cross-Border B2B Payments in Asia" - a new data-backed white paper that
addresses cross-border B2B payment challenges, current initiatives,
and the important role of intermediaries.
In global commerce, cross-border B2B payments are crucial, yet
hindered by complexity, high costs, and slow processing times.
These challenges, compounded by diverse regulatory environments,
can erode profitability and stall growth. There's a pressing need
for innovation and reform in cross-border payments. In the paper,
readers will learn more on how fintech solutions and regulatory
harmonization efforts promise to simplify processes, reduce costs,
and speed up transactions. The research calls out initiatives, such
as SWIFT GPI, Project Nexus, and ASEAN's Regional Payment
Connectivity, alongside emerging technologies, that signal a
brighter future for cross-border
transactions. Download the paper to see the
data and learn more.
"Cross-border B2B payments are critical, but they face
formidable challenges - from outdated systems to regulatory
complexities," said Zennon Kapron,
Founder and Director of Kapronasia. "Our latest research, in
collaboration with Nium, sheds light on this critical issue. As we
chart the course forward, it's evident that transformative change
is imminent. Intermediaries like Nium play a pivotal role in this
journey, bridging gaps and reshaping the landscape of global
commerce. However, this transformation demands collective action to
overcome technological and regulatory hurdles. Yet, the vision is
clear - a world where cross-border transactions flow seamlessly,
fostering collaboration across borders."
The launch of the paper is a part of a wider push leading into
Money 20/20 Asia in Bangkok, Thailand (April 23-25). Nium plans to take the city by
storm with announcements, panels, and parties, that highlight its
expansion in the region.
The company will be making three blockbuster
announcements during the event:
- First, in a bold move to fortify its regional footprint, Nium
is expanding its presence in Indonesia and will be signing an MOU at Money
20/20 with a pioneer in the Indonesian fintech space. Nium has also
made headway into the dynamic landscape of Korea with the official
launch of a key Korean bank, marking a pivotal milestone in its
expansion journey and supporting its mission to further financial
inclusion, globally. The company has already made waves in
Thailand, where it powers four of
the country's premier banks;
- Second, Nium will be announcing its first ever Chief Payments
Officer. With this newly-created position, Nium sets itself up to
closer align itself with partners across the payments ecosystem.
Nium's CPO will work across Nium's markets, leading the company's
Global Banking and Payment Operations teams;
- Finally, Nium will be show continued momentum in the exploding
travel payments space, announcing a partnership with a leading
global payments processor to issue virtual cards in the APAC
region. By 2027, virtual card transactions industry-wide are
expected to exceed 121 billion as travel intermediaries and their
suppliers look for modern solutions to streamline payments.
Nium will be very visible on the event's main stages:
On April 23 at 10:00 a.m. in a session titled, "Travel in
China: The Next Big Niche,"
Richard Cogswell of Nium
Travel will sit down with Jensen Cai, Head of Hong Kong at Triplink and Betsy Samuel, Chief Marketing Officer at
Thredd to talk China travel
trends and the future of payments in China and beyond.
Then at 3:00 p.m. on the Vision
Stage, in one of the conference's most anticipated panels titled,
"Beyond Competition: How Asian Payments Leaders are Shaping the
Future Together," Nium's EVP and GM of APAC and MEA,
Anupam Pahuja, will join banking
leaders Rajnish Pal, Founding
Member at ZING by HSBC and Shun De
Ng, Group Head of Payments at DBS, to discuss
competition and cooperation in fintech. The talk will be moderated
by global banking industry expert, Alexandra Johnson.
After all the excitement from the first two days of the
conference, Nium and Beacon Venture Capital will invite
attendees to unwind at Nium @ Nite
Market with street food, drinks and music on
April 24 from 6:00 PM to 8:00 PM at the Marriott Marquis
Queen's Park.
Finally, the Nium team will be on the ground at booth
#1002 throughout the conference to provide free global payments
assessments, answering questions on a range of topics,
including:
- How to take advantage of Nium's 100+ real-time markets to help
your business grow;
- How to manage FX better by collecting and holding funds in a
Nium multi-currency wallet;
- How issuing physical or virtual cards can streamline vendor
payments and control employee expenses;
- How a global account strategy can streamline global payouts;
and,
- How real-time payouts can help your business grow
Register for our event, book a meeting, and find out about more
Nium's presence here.
About Nium
Nium, the leader in real-time, cross-border payments, was
founded on the mission to deliver the global payments
infrastructure of tomorrow, today. With the onset of the global
economy, its payments infrastructure is shaping how banks,
fintechs, and businesses everywhere collect, convert, and disburse
funds instantly across borders. Its payout network supports 100
currencies and spans 190+ countries, 100 of which in real-time.
Funds can be disbursed to accounts, wallets, and cards and
collected locally in 35 markets. Nium's growing card issuance
business is already available in 34 countries. Nium holds
regulatory licences and authorizations in more than 40 countries,
enabling seamless onboarding, rapid integration, and compliance –
independent of geography. The company is co-headquartered in
San Francisco and Singapore.
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