Nium Registered as Financial Service Provider in New Zealand

Nium, the global leader in real-time, cross-border payments, has announced its registration as a Financial Services Provider in New Zealand.

According to the announcement released yesterday, the company has received a number of new licenses and registration approvals in 2024, including a Type 1 Funds Transfer Service Provider (FTSP) license from Japan's Financial Service Agency (FSA), a Prepaid Payment Instrument (PPI) license and a Payment Aggregator (PA) license from the Reserve Bank of India (RBI)​, as well as the latest registration on the Financial Service Provider Register (FSPR) in New Zealand.

Runn Sachasiri, Senior Vice President of Global Expansion and CEO's Office at Nium, commented, "We are thrilled to bring Nium's innovative cross-border payments services to New Zealand. We look forward to enabling businesses to do more commerce with New Zealand by providing the speed, efficiency, and transparency of payments that has long been missing from the global markets."

Furthermore, Nium has recently partnered with Weel, an Australian spend management platform. This partnership aims to assist finance teams in effectively managing their corporate spend.