GC Partners to boost Asian payments network with Nium collaboration

GC Partners, a London-based foreign exchange and international payments firm, has announced a partnership with Singapore fintech Nium as it looks to grow its payments network across Asia.

Nium secured a $200m funding round last month

The deal will see GC Partners expand its services across a number of new Asian territories including India, Indonesia, the Philippines, South Korea, Sri Lanka, Thailand, Malaysia, Vietnam, and Nepal.

Nium says the collaboration will also enable GC Partners to provide improved pay-out services to its customers in local currencies.

Founded in 2003, GC Partners provides FX payments and cross-border money transfer services. It claims to have helped over 150,000 clients send payments to over 125 markets worldwide.

Nium, which raised over $200 million in a Series D funding round last month, offers an API-based platform that allows banks, payment providers, travel companies, and other businesses to collect and disburse funds in local currencies to over 100 countries.

The firm says its pay-out capability will allow GC Partners to provide “seamless B2B and B2B2C cross-border payments” to its Asian markets along with access to multiple real-time payments corridors.

Source: https://www.fintechfutures.com/2021/08/gc-partners-to-boost-asian-payments-network-with-nium-collaboration/