Nium Expands Payments Platform with ‘Zero-Deduction’ Wire Transfers for Payroll and Procurement

Cross-border payments leader removes deductions on global wire transfers, supports 7 new payout currencies, and provides real-time transaction tracking through SWIFT gpiSAN FRANCISCO, Calif., USA – February 7, 2023 – Nium, the global platform for on-demand money movement, today announced zero-deduction wire transfers, additional currency support for global payouts, and real-time transaction tracking through SWIFT gpi. The move benefits financial institutions, payroll, and procurement firms seeking lower costs, broader reach, greater transparency, and faster settlement of cross-border wire transfers. Whether enabling global payroll, B2B invoicing, or supplier payments, every wire transfer will arrive at its destination within minutes, and without any unexpected deductions. Nium’s payout capabilities solve an important payment need for financial institutions and their customers. About NiumNium was founded on the mission to build the global payments infrastructure of tomorrow, today.