nium-joins-fight-against-illegal-wildlife-trade-in-partnership-with-united-for-wildlife

Nium Joins Fight Against Illegal Wildlife Trade in Partnership with United for Wildlife

 

Nium, the global platform for Modern Money Movement, today announced it has joined the United for Wildlife (UfW) Financial Taskforce, signing the Mansion House Declaration to take a stand against the exploitation of financial services for illegal wildlife trade (IWT).

Founded by Prince William and The Royal Foundation, the UfW Financial Taskforce is comprised of global financial institutions committed to using financial infrastructure to curb animal trafficking, promote cross-industry collaboration and establish best practices in identifying and reporting suspicious financial activity.

Commenting on the new collaboration, Pratik Gandhi, co-founder and COO at Nium, said: “Financial institutions that move money across borders must recognize their social responsibility for helping put an end to abhorrent crimes through the use of their infrastructures and networks. As global citizens, we stand with United for Wildlife and pledge our full support in the fight to combat illegal wildlife trade.”

Under the Declaration, Nium will take measures to increase awareness of IWT and the responsibility of financial services providers to play their part in sharing resources and intelligence with the proper authorities. It will also provide staff training to help employees better identify suspicious activity, and will review, investigate and report potentially suspicious financial activity. In addition, Nium will promote the Declaration and encourage the wider financial services industry to follow in its footsteps.

Estimated to be worth up to $20 billion annually, IWT is organized crime on a global scale, and it poses a major risk to global biodiversity, national security and human health. Criminals involved in the illegal traffic of wildlife exploit global financial systems to move the proceeds of their crimes, with links to money laundering, corruption and violence.

“This is a global issue which we can prevent. By using existing financial controls to detect illicit activity patterns, we can prevent criminals from accessing the proceeds of criminal goods and break the chains of illegal wildlife trafficking,” Gandhi continued.

David Fein, Chair of the United for Wildlife Financial Taskforce, commented: “At United for Wildlife, we work to support partnership and collaboration to protect endangered species from this destructive and vile trade. Financial services industry members such as Nium have a key role to play in this effort: identifying and reporting to the authorities financial flows that might be associated with illegal wildlife trade activity. We are delighted to welcome Nium to the global United for Wildlife network of public, private and not-for-profit organisations.”

In the six years since creating its international transport and financial taskforces, the United for Wildlife network has contributed to over 450 law enforcement cases, over 250 arrests, almost 200 seizures of wildlife products and has trained over 100,000 people. As UfW continues to grow, so does the sophistication of IWT, and so the collaboration of global financial institutions remains essential in raising awareness of these criminal activities and helping them to end.

alchemy-pay-(ach)-leverages-fintech-giant-nium-and-amplifies-its-market-reach

Alchemy Pay (ACH) Leverages Fintech Giant NIUM and Amplifies its Market Reach

 

The global fintech giant, NIUM, announces its partnership with Alchemy Pay (ACH), a fiat-cryptocurrency gateway solutions provider. The partnership represents major progress for Alchemy Pay who will now leverage NIUM’s huge global coverage and swiftly pay out funds to clients at significantly lowered costs in the 190+ countries and territories where NIUM operates. In addition, NIUM has 11 licences in regions such as the United KingdomEuropeUSASingaporeHong Kong, and Australia, which will enable Alchemy Pay to extend its reach into these key financial markets.

John Tan, Alchemy Pay’s CEO, explained the significance of the collaboration, “NIUM allows us to provide crypto and fiat acceptance at even more competitive prices and tap into lucrative new markets where we know there is serious demand. This is a huge step forward for us – our network now has more global coverage and is more attractive than ever.”

Alchemy Pay’s flagship product is its hybrid crypto-fiat payment system, which allows merchant partners to accept popular cryptocurrencies in offline and online payments at a low cost and with near-instant instant conversion to the merchant’s local fiat currency. The all-in-one system also allows merchants and businesses to accept fiat payments via e-wallets and credit cards. The network is supported by its incentivising utility token, ACH, which runs on the Ethereum blockchain.

NIUM is one of fintech’s true unicorns and will now be putting its huge network to work for Alchemy Pay so that the gateway solutions provider will have improved speed, cost, and coverage. NIUM has built one of the world’s most comprehensive networks of relationships, partners, and licenses in countries where Alchemy Pay can now conduct business. The partnership now provides Alchemy Pay with improved services which will increase appeal to potential merchant partners. Since the NIUM announcement, the payment network is now supported for use in over 70 countries – a number that has been steadily rising over the past year.

As a bridge between crypto and fiat economies, Alchemy Pay finished 2021 strongly by integrating its fiat payment channels with leading blockchain networks Polygon, Avalanche, and NEAR meaning users can now bypass multiple barriers to entry and enter crypto ecosystems directly with fiat payment standards such as Visa, Mastercard and Paypal.

queen-bee-capital-(qbc)-and-nium-join-forces-to-enhance-cross-border-payments-from-japan

Queen Bee Capital (QBC) and Nium join forces to enhance cross-border payments from Japan

 

Global payments and card issuance leader Nium and Japanese payments company Queen Bee Capital (QBC) have partnered to enhance international transfer offerings for both corporate and individual QBC customers across Japan.

Through this partnership, QBC will tap into Nium’s advanced pay-out capability to provide real-time1, cost-efficient, and transparent cross-border payment solutions from Japan with 30 currencies to over 200 countries and regions, including the United States, Australia, SingaporeBangladesh, the UK, Europe and Latin America (ArgentinaBrazilChileUruguayPeruMexico and Columbia).

Nium’s Chief Revenue Officer, Frederick Crosby, said, “We are delighted to announce our partnership with Queen Bee Capital, one of Nium’s first partners in Japan. Our platform will enable QBC to provide its customers with seamless real-time payment services to more countries and regions around the world.”

Queen Bee Capital’s President, Shenbo Huang, said, “Nium is the established global leader in overseas payments. By integrating with their platform, we’re easily able to cost-effectively reach more corners of the world – most in real-time. We look forward to expanding our relationship in the future.”

Nium’s pay-out capability enables QBC to provide:

  • Seamless B2B, P2P, B2P and P2B cross-border payments for customers in multiple currencies
  • Access to multiple real-time payment corridors
  • Instant, speedy settlements
orenda-partners-with-nium-to-enable-embedded-finance-solutions-globally

Orenda Partners with Nium to enable embedded finance solutions globally

 

Embedded financial services platform Orenda today announced it joined forces with global payments and card issuance leader Nium in a partnership that will see Orenda leverage Nium’s BaaS (Banking-as-a-Service) API suite, to provide a no code, end-to-end serverless banking infrastructure for their clients.

Through this partnership, Orenda can offer pay outs to 190+ countries in 100 currencies, pay-ins to 35 markets, as well as card issuing capabilities in multiple countries. Orenda will be exposed to larger markets, creating an extended platform for its clients, who are looking to offer more diverse financial services across a variety of different industries and geographies.

“Being the first company to go live with Nium in the UK and Europe for full stack BaaS products, demonstrates our commitment and dedication to providing a truly innovative, borderless and global solution. Partnering with Nium has enabled us to cover more ground and rapidly expand our services by adding a broader product range for our clients. Currently, products and solutions include full stack BaaS, as well as virtual and physical card issuing. These solutions have enabled Orenda to bring a no code embedded financial services product to the market quick and easy,” said Joshua Vittori, Managing Director at Orenda.

Nium’s BaaS platform empowers Orenda to offer a superior one-stop-shop of embeddable financial services elements, using innovative features and components that are configurable to clients’ needs and expectations.

“We are delighted to partner with Orenda to enhance their portfolio of products and we strongly believe that with this partnership we have created a formidable team in the world of embedded finance. Our shared values and dedication to our clients will bring no code seamless embedded financial services to businesses pursuing global ambitions,” said Frederick Crosby, Chief Revenue Officer at Nium.

nium-signs-definitive-agreement-to-acquire-b2b-travel-payments-leader-ixaris

Nium Signs Definitive Agreement to Acquire B2B Travel Payments Leader Ixaris

 

Nium, a leading global B2B payments platform, today announced that it has signed a definitive agreement to acquire Ixaris, a leader in travel payments optimisation. The transaction is expected to close early in the third quarter of 2021, subject to customary closing conditions.

Ixaris provides flexible funding and payment methods that help airlines and online travel agents (OTAs) in the £230 billion travel sector reduce surcharges, earn rebates, flatten FX fees, and streamline reconciliation. As one of the industry’s leaders, Ixaris issued more than 10 million virtual cards in 2019. Since inception, it has processed 24 million transactions for 200+ customers in 40+ countries for a total payment volume of £5 billion. Ixaris is best known for transforming the travel payments industry with the introduction of Europe’s first virtual prepaid card in 2003. All of Ixaris’ 86 employees based in London and Malta will join the Nium family.

“Airlines and OTAs are actively transforming their technologies and processes in anticipation of a surge in global travel happening this year,” said Prajit Nanu, co-founder and CEO, Nium. “The travel industry has long been dependent on slow-moving, monolithic payment platforms. Our acquisition will serve to replace these incumbents with a modern solution that combines Ixaris’ leading virtual card capability with Nium’s advanced pay-in, pay-out and embedded foreign exchange capabilities. We welcome the Ixaris team to the Nium family and together we look forward to helping the travel sector bounce back across the globe.”

Today’s acquisition will further enable Nium to execute on its vision to provide one API integration to access the world’s payments infrastructure. Through the Nium platform, customers in a variety of sectors can quickly deploy new financial services from card issuance to cross-border payments. With licences in over 40 markets and integrations in as little as four weeks, Nium provides the speed and scale for customers to unlock new revenue opportunities and improve cash flow economics throughout the global economy.

Mark Anthony Spiteri, CEO, Ixaris Group, added, “As part of the Nium family, we can offer the broadest portfolio of virtual card offerings to travel businesses across the globe. All aspects of our company, from our technologies to our people, perfectly complement Nium and we look forward to increasing our geographic footprint to new regions, including the United States.”