Paycell Collaborates with Nium for International Money Transfers

Paycell, Turkey's next-generation digital payment platform, announced a strategic partnership with Nium, a global platform for modern money movement, to provide international money transfers from account to account using Nium's leading business payments infrastructure.

Through this cooperation, Paycell users will be able to perform international money transfer transactions in a shorter time with a lower commission fees, while enjoying 24/7 transfer services.

Serhat Dolaz, CEO of Paycell, said: "In parallel with the rapid change in purchasing and payment methods, users are looking for innovative, easy and low-cost solutions in money transfer. At Paycell, we continue to increase our cooperation to meet this need. We are excited to provide the Nium's fast and secure payment solutions for Paycell's customers. Thanks to the Nium and Paycell partnership, international money transfer transactions are now getting easier."

Frederick Crosby, Chief Revenue Officer at Nium, added: "Our partnership with Paycell showcases how our solutions can be embedded and customized to add value to the world's largest enterprises. We provide a faster, cost-effective money movement alternative to traditional rails that helps large enterprises increase their topline revenues, and we look forward to growing our relationship with Paycell as their user needs evolve globally."

Nium has been constantly diversifying its business and expanding its offerings. In May, the payment firm partnered with global blockchain service company OwlTing​ to launch a real-time B2B cross-border payments service for e-commerce and travel platforms in Southeast Asia. At the same time, it obtained an "International Remittance Hub" (IRH) license by Bank Negara Malaysia​ (BNM) and successfully entered into the market.