- Licence Applications:
- Nium is applying for a Payment Institution licence in Brazil to offer extended payment services, including real-time payments via Pix and local fund management in BRL.
- The company is also seeking authorisation to enhance its foreign exchange transaction capabilities.
- Expansion Strategy:
- Nium aims to capitalize on Latin America’s growing cross-border e-commerce economy, particularly in supplier corridors with Asia and Europe.
- The company has been strategically investing in the region for years, securing major clients and expanding operations.
- Recent Partnership:
- In June, Nium partnered with Brazilian digital bank BS2 to leverage its Global FX solution.
- Future Plans:
- Nium plans to introduce its travel offering and card issuance services in Latin America once the new licences are secured.
- The company intends to hire additional roles in business development and partnerships to support its growing presence in the region.
