Nium Expands Real-Time Payments in Malaysia

January 02, 2023

Nium processes over 75% of transactions globally in real-time to a market-leading 100 countriesExpanded license in Malaysia allows Nium to onboard licensed financial institutions and other Payment Service Providers (PSPs) for payouts, while offering higher outbound transaction limitsSINGAPORE, 19 May, 2022 – Nium, the global platform for modern money movement, today announced the availability of real-time payments into Malaysia, further strengthening the company’s real-time payments capabilities across the globe. With the addition of Malaysia, Nium now processes over 75% of transactions globally in real-time, and increases its total real-time payment markets to a market-leading 100 countries. According to GlobalData, Malaysia recorded 1.1 billion real-time payment transactions in 2021, accounting for an estimated $US434 million cost savings for businesses and consumers. Nium Secures Broader License Capabilities in MalaysiaNium has also announced it has secured an expanded license in Malaysia. Nium’s license portfolio covers 11 of the world’s jurisdictions, enabling seamless global payments and rapid integration, regardless of geography.

The source of this news is from Nium