About

In the bustling fintech space, Nium stands out for its innovation and efficiency. With the goal of creating a way to make real-time cross-border payments seamless, Nium has delivered consistently. Financial institutions across the globe rely on Nium’s sophisticated network, which spans an impressive 220+ markets and supports transactions in 100 different currencies, including real-time payments in 100 of those markets.⁴

Picture a seamless system where funds are instantly disbursed to accounts, wallets, and cards, with local collections available in 40 markets.⁵ Nium’s reach extends to card issuance in 34 countries, backed by regulatory licenses in over 354, ensuring that every transaction is compliant and secure.^6 7This infrastructure guarantees a smooth onboarding process and rapid integration, allowing businesses to focus on growth without worrying about the complexities of global payments. Trusted by some of the world's largest financial institutions, Nium is not just participating in the global payment's revolution – it's leading it.

The challenge

As one of the most diverse regions in the world, Asia Pacific consists of numerous countries, each with its own set of financial regulations and compliance requirements governing payments, money transfers and digital transactions.⁸ Many of the regulatory environments are dynamic as well, adding an extra layer of complexity.

As Nium sought to expand beyond Asia Pacific, they were faced with these complexities and regulations. Understanding and obeying them would be crucial in allowing the company to truly grow.

The key challenge Nium faced was in facilitating cross-border transactions on a global scale whilst navigating new regulatory restrictions.⁹ Compliance regulations for the countries sending and receiving payments can be especially challenging when one country has stricter controls, or even when regulations conflict.¹⁰

Thus, Nium would have to invest significantly in resources and time to overcome these challenges, potentially losing the ideal opportunity to expand into new markets.

The solution

The strength of J.P. Morgan Payments in providing quality solutions and services was evident in the recent Greenwich Coalition Excellence Awards received across Asia, the U.S. and Europe, speaking to their commitment to deliver comprehensive solutions that help clients grow.

The solution for Nium came in the form of real-time and automated Cross-Currency Solutions. As a global payments platform, Nium’s exposure to foreign exchange risks comes from significant cross-border and cross-currency transactions. Exchange rate fluctuations and long-term shifts in exchange rates affect not only their financials and profitability, but also customer demand in different markets.

J.P. Morgan Payments helped mitigate this risk effectively with a real-time and automated foreign exchange solution, enabling Nium to overcome any short-term fluctuations during the collection and reconciliation processes. Leveraging global infrastructure and incorporating local best practices, the bank helped Nium optimize their banking setups for efficiency and flexibility—critical for a fintech’s rapid expansion.

With J.P. Morgan as Nium’s house bank, they were empowered to drive efficiencies across payments, achieving scalability and security. Furthermore, given the longstanding relationships J.P. Morgan has with local banks, Nium expanded smoothly in Asia Pacific and Latin America, gaining access to worldwide payments rails.¹¹

The results

Thanks in part to solutions provided by J.P. Morgan Payments, Nium has seen outstanding growth and expansion. Nium now operates in 220+ countries, and has issued cards in more than 30 countries.¹² By collaborating with J.P. Morgan Payments, Nium is set to solve its payment challenges and unlock the full potential of the global economy.