Nium, a global payments infrastructure provider, announced a partnership with Partior, a blockchain-based clearing and settlement network, at the Singapore Fintech Festival 2024.
This collaboration makes Nium the first fintech payment service provider to join the Partior network, unlocking new capabilities such as programmable enterprise liquidity management and Just-in-Time multi-bank payments for financial institutions.
The partnership allows financial institutions to connect with Nium for faster, more transparent cross-border payments.
By leveraging Partior’s blockchain technology, Nium offers 24/7 real-time payments, clearing, and settlement to over 100 markets, enhancing service efficiency and reducing delays.
The integration simplifies what typically required extensive technical resources, streamlining access for financial institutions and strengthening Nium’s global reach.
Partior’s platform addresses key inefficiencies in global payments by cutting settlement times, lowering costs, and improving transparency.
The collaboration supports Nium’s broader strategy to expand its network and enhance service capabilities with real-time multi-currency payments and new services like intra-day FX swaps and cross-currency repos.
Alexandra Johnson, Chief Payments Officer at Nium, said,
“Nium’s partnership with Partior brings us closer to becoming the most connected payments network globally. By integrating with advanced networks, such as Partior, we are ensuring that financial institutions can quickly and easily access our real-time payments infrastructure without the need for complex technical integrations.
Recognising how resource-constrained financial institutions are, we’re eliminating barriers to using our network and increasing interoperability to deliver on our mission of having seamless and streamlined real-time payments to anyone, anywhere.”
Humphrey Valenbreder, Chief Executive Officer at Partior said,
“Partnering with Nium marks a significant step in our journey to further advance the global payments landscape.
By combining Partior’s real-time blockchain settlement network with Nium’s vast global reach, we’re empowering financial institutions to break down long-standing barriers.”
Featured image credit: Edited from Freepik
