the-international-cricket-council-announces-strategic-partnership-with-fintech-infrastructure-leader:-nium

The International Cricket Council Announces Strategic Partnership With FinTech Infrastructure Leader: Nium

 

The International Cricket Council (ICC) announced today that it has entered a multi-year strategic partnership with Nium, a leading global financial technology (FinTech) infrastructure company. Nium provides banks and businesses with access to a suite of fintech infrastructure services through one API. This partnership includes involvement and integration in three global ICC events through to the end of 2023 such as the ICC Men’s T20 World Cup in the United Arab Emirates and Oman, the ICC World Test Championship Final in 2023 and the ICC Men’s Cricket World Cup 2023 to be hosted in India.

As an official partner of the ICC, Nium will promote its association across broadcast and digital platforms, as well as execute unique fan and client activations at these ICC events. This partnership will enable Nium to engage the global cricket-loving business fanbase with innovative campaigns that highlight the power of fintech in helping make global money movement faster, safer, and easier.

Speaking on the association, Anurag Dahiya, Chief Commercial Officer, ICC, said, “We are excited to have Nium join us as an official partner, beginning with the highly anticipated ICC Men’s T20 World Cup to be held here in the UAE & Oman. This relationship will allow Nium to use the backdrop of cricket to promote its role as a pioneer in fintech innovation to its clients and prospects, worldwide. We look forward to working with Nium on developing bespoke campaigns that we believe in time will have a positive impact on our game and how we engage with fans.”

Speaking on this strategic partnership, Prajit Nanu, Co-Founder and CEO, Nium said, “We are beyond excited to join forces with the ICC as a unique B2B commercial partner. Cricket’s appeal transcends countries, currencies, and cultures. For years, Nium has been the behind-the-scenes fintech infrastructure powering some of the most recognized brands in the world. This partnership allows us to showcase our fintech innovations on a global stage, and to engage cricket-loving technologists in the development of new programs to advance the global game experience.”

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.”