Nium has strengthened its presence in Latin America after receiving a payment institution license from the Central Bank of Brazil.

The license allows Nium to offer locally regulated services, including PIX, TEDs, boletos, and prepaid card issuance once operational.

Already serving Brazilian clients through global licenses, Nium can now onboard and operate directly in Brazil, improving efficiency and enabling faster domestic and cross-border transactions.

The company is integrating with PIX, forming partnerships with local financial institutions, and plans to apply for a foreign exchange license to expand its cross-border reach.

Nium said that while USD remains dominant in global B2B flows, over 95% of its payments now run on local rails, improving speed, transparency, and cost efficiency.

Latin America accounted for 18% of Nium’s total transactions in 2025.

Prajit Nanu, Founder and CEO of Nium, said,

“Securing regulatory approval from the Central Bank of Brazil validates our commitment to building deeply local solutions in the world’s fastest-growing markets.

This license gives us the foundation to deliver seamless domestic and international money movement for businesses in Brazil, doing so with the speed and compliance they expect from a global partner.”

Featured image: Edited by Fintech News Singapore, based on image by Freepik