Ebury and Nium's Partnership for Cross-Border Payments

Ebury and Nium’s Partnership for Cross-Border Payments

Time Stamp: February 22, 2024 9:43 AM
Ebury and Nium's Partnership for Cross-Border Payments PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Ebury, the fintech company specializing in transactions for
SMEs, has announced an expanded partnership with Nium, a leader in real-time
global payments. The partnership follows Ebury’s regulatory approval of its
acquisition of Brazilian fintech Bexs in October 2023, which includes Bexs
Banco and Bexs Pay. Operating under the name Ebury Bank in Brazil, the
institution reflects the local FX banking license held in the country.

Together, Nium and Ebury aim to facilitate fast, reliable,
and affordable cross-border payments to and from Brazil, leveraging Nium’s
global payments infrastructure. This collaboration builds upon their existing
partnership in Europe, where Ebury utilizes Nium’s infrastructure for
international supplier and payroll payments.

Luiz Henrique Didier Jr., Executive Director at Ebury Bank in Brazil, Source: LinkedIn

Luiz Henrique Didier Jr., the Executive Director at Ebury Bank
in Brazil, expressed enthusiasm for the partnership: “Our mission
is to connect Brazilian consumers to the world and the world to Brazil’s
consumer ecosystem. And the best way to do this is to use high-technology
solutions and global coverage, such as those offered by Nium.”

Christina Hutchinson, Head of Business Development, LATAM at Nium, Source: LinkedIn

Nium’s cross-border payments solution will be integrated
into Ebury‘s payment
flows to enhance the speed, efficiency, and cost-effectiveness of international
transactions. Additionally, the partnership will extend Brazil’s connectivity
to new emerging markets. Nium’s payment network currently supports payouts in
over 100 currencies to more than 190 countries, with 100 of them in real-time.

Brazil’s Digital Payment Market Potential and Innovation
Leadership

Nium, focusing on LATAM as a strategic growth market, marked
its formal entry into the region with the opening of a local office in Sao
Paulo in August 2023. The partnership with Ebury represents Nium’s first bank
partnership in Brazil.

Brazil’s digital payments market is projected to reach a
total transaction value of US $170 billion in 2024, with over 21 million SMEs
and an estimated population of over 215 million people, according to government
statistics.

Christina Hutchinson, the General Manager of Brazil and the Head of
Business Development of LATAM
at Nium, highlighted the potential for Brazil to lead in digital payment
innovation. She emphasized the significance of the partnership in providing
more affordable and efficient payment solutions for Brazil’s underbanked SMEs
and consumers.

Ebury, the fintech company specializing in transactions for
SMEs, has announced an expanded partnership with Nium, a leader in real-time
global payments. The partnership follows Ebury’s regulatory approval of its
acquisition of Brazilian fintech Bexs in October 2023, which includes Bexs
Banco and Bexs Pay. Operating under the name Ebury Bank in Brazil, the
institution reflects the local FX banking license held in the country.

Together, Nium and Ebury aim to facilitate fast, reliable,
and affordable cross-border payments to and from Brazil, leveraging Nium’s
global payments infrastructure. This collaboration builds upon their existing
partnership in Europe, where Ebury utilizes Nium’s infrastructure for
international supplier and payroll payments.

Luiz Henrique Didier Jr., Executive Director at Ebury Bank in Brazil, Source: LinkedIn

Luiz Henrique Didier Jr., the Executive Director at Ebury Bank
in Brazil, expressed enthusiasm for the partnership: “Our mission
is to connect Brazilian consumers to the world and the world to Brazil’s
consumer ecosystem. And the best way to do this is to use high-technology
solutions and global coverage, such as those offered by Nium.”

Christina Hutchinson, Head of Business Development, LATAM at Nium, Source: LinkedIn

Nium’s cross-border payments solution will be integrated
into Ebury‘s payment
flows to enhance the speed, efficiency, and cost-effectiveness of international
transactions. Additionally, the partnership will extend Brazil’s connectivity
to new emerging markets. Nium’s payment network currently supports payouts in
over 100 currencies to more than 190 countries, with 100 of them in real-time.

Brazil’s Digital Payment Market Potential and Innovation
Leadership

Nium, focusing on LATAM as a strategic growth market, marked
its formal entry into the region with the opening of a local office in Sao
Paulo in August 2023. The partnership with Ebury represents Nium’s first bank
partnership in Brazil.

Brazil’s digital payments market is projected to reach a
total transaction value of US $170 billion in 2024, with over 21 million SMEs
and an estimated population of over 215 million people, according to government
statistics.

Christina Hutchinson, the General Manager of Brazil and the Head of
Business Development of LATAM
at Nium, highlighted the potential for Brazil to lead in digital payment
innovation. She emphasized the significance of the partnership in providing
more affordable and efficient payment solutions for Brazil’s underbanked SMEs
and consumers.

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