Nium, a global payments platform, has announced a new partnership with Artajasa, one of Indonesia's premier payment infrastructure companies. The collaboration formalized through a Memorandum of Understanding (MOU), aims to streamline cross-border transactions between Indonesia and the rest of the world, enabling real-time transfers.

Nium Expands APAC Footprint

The partnership with Artajasa is part of Nium's ongoing expansion in the Asia-Pacific (APAC ) region, led by Anupam Pahuja, the Executive Vice President and General Manager for APAC and the Middle East. Under Pahuja's leadership, Nium has forged strategic alliances with key regional players, including Jeonbuk Bank in Korea and four major banks in Thailand.

"This collaboration will certainly further strengthen our commitment to providing integrated, easy, and secure payment solutions to answer customer needs,” Heru Perwito, the Director of Business at Artajasa, welcomed the newest collaboration.

Jeonbuk Bank recently launched its real-time remittance service powered by Nium, catering to the growing needs of its immigrant clientele. Meanwhile, Nium's partnerships with Thai banks have solidified its position as the country's gold standard for cross-border payments.

"Nium's growth in APAC reflects our dedication to transforming the global financial landscape," said Pahuja. "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."

Nium Also Expands Globally

In addition to its regional partnerships, Nium has secured several regulatory approvals and registrations in 2024, including a Type 1 Funds Transfer Service Provider license in Japan, Prepaid Payment Instrument and Payment Aggregator licenses in India, and registration on the Financial Service Provider Register in New Zealand.

These approvals cover more than 40 countries globally, enabling Nium to offer seamless onboarding, rapid integration, and compliance services to its clients.

Nium recently released a white paper in collaboration with Kapronasia, Asia's leading payments , banking, and capital markets research firm. The report addresses cross-border B2B payment challenges in APAC, current initiatives, and the crucial role of intermediaries in the region's financial landscape.

This is another update for Nium this week. As Finance Magnates reported yesterday (Monday), the payment company appointed its first Chief Payments Officer, Alexandra Johnson, and expanded its partnership with Trulioo, an identity verification platform.