Nium is set to go global. Barely a month after it became a Visa card issuer in Australia, it has now taken the same partnership to Europe.
Nium’s boasts that its white labelling card solution aims to help businesses drive cost-efficiency and increase productivity by making it easier to issue corporate cards.
The venture suggests that this is process that could usually take months, but that Nium is able slash that time considerably by streamlining and simplifying the card management programme for companies by consolidating all these processes to a single system, allowing business to gain more control while generating significant cost savings at the same time
Through the Visa partnership, Nium is able to provide end-to-end issuing, processing and onboarding services in a shorter time.
“While payments are moving online, a lot of the corporate expenditures made by employees are still funded through company-issued cards,” said Gitesh Athavale, head of product at Nium.
“This is even more prevalent in Europe, where card payments still dominate. We see the need to improve existing card systems used by companies. We had launched the same service in Australia and Singapore earlier this year and seen tremendous results. We look forward to working closely with Visa to realise our mission of improving business efficiency through the introduction and facilitation of financial technology.
The news comes after Nium secured funding from Visa and BRI Ventures, the corporate venture arm of Bank BRI of Indonesia, in May.
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