Nium Partners with Artajasa to Enhance Cross-Border Payments in Indonesia
by Fintech News Indonesia April 23, 2024Global payments company Nium has announced a new partnership with Artajasa, a prominent Indonesian payment infrastructure provider.
This collaboration, formalised through a Memorandum of Understanding (MOU) at the Money 20/20 Asia conference in Bangkok, aims to improve real-time, cross-border payment services between Indonesia and the international market.
Artajasa plays a critical role in Indonesia by operating switching services that support secure and efficient electronic transactions for banks and fintechs. The partnership marks a major step in Nium’s efforts to expand its presence in Asia.
Nium announced yesterday that its partner, Jeonbuk Bank in Korea, has gone live with its real-time remittance service, enabling the bank to better serve a growing number of immigrant clients.
In Thailand, Nium’s platform is utilised by four of the country’s leading banks: Kasikorn Bank, Krungsri (Bank of Ayudhya), Krungthai Bank, and Siam Commercial Bank.
Nium’s extensive portfolio of licenses and registrations now covers more than 40 countries globally.
In 2024, Nium secured a Funds Transfer Service Provider license in Japan, two distinct licenses from the Reserve Bank of India, and a registration in New Zealand.
Anupam PahujaN
“Nium’s growth in APAC reflects our dedication to transforming the global financial landscape.
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.”
said Anupam Pahuja, Regional Executive Vice President of APAC & MEA.
Heru Perwito
“As an institution that has experience in providing solutions for various digital payment services in Indonesia, we certainly welcome the strategic collaboration established between Nium and Artajasa to expand cross-border payments, while encouraging digital penetration in Indonesia, regionally and globally.
This collaboration will certainly further strengthen our commitment to providing integrated, easy, and secure payment solutions to answer customer needs,”
said Heru Perwito, Director of Business, Artajasa.
Featured image credit: Edited from Freepik
