The new payment platform strengthens positions in the financial market

- Lithuania based fintech company FINCI starts cooperation with Nium
- The partnership will enable FINCI to provide quicker and more cost-effective pay-outs to key markets in Europe and APAC

Vilnius, 1 February 2022

Today, fintech company FINCI announced a partnership with global payments and cards issuance leader Nium, that will leverage Nium’s competitive FX rates and extensive pay-out network in strategic markets across the APAC and EMEA regions. The collaboration will enable real-time payments to new markets and improve services to existing regions for FINCI’s individual and business customers.

“Empowering young businesses with global reach and helping them build their footprint internationally is our main goal at Nium. Addressing and overcoming the constraints of local payments infrastructures is a real need for companies, such as FINCI. This partnership will give FINCI customers access to more markets, allowing them to make payments in real time at competitive FX rates, with no hidden fees or additional transactional costs,” says Frederick Crosby, Chief Revenue Officer at Nium.

FINCI has a unique vision for how to bring a range of useful services and technologies together into one environment to better the financial lives of its customers. Through partnerships with companies like Nium, FINCI hopes to expand services to Asia, Africa and Latin America. The company’s aim is to help businesses in industries like shipping, IT, aircraft management, logistics, trading and construction to achieve a faster, cheaper and more efficient payments ecosystem.

“Our partnership with Nium is all about making it easier for FINCI customers to move money around the world,” said Mihails Kuznecovs, Chief Executive Officer at FINCI. “Whether that’s simply an individual sending money to family overseas; or, a business that needs to make or receive payments in local currencies - quickly, easily and cost effectively, Nium provides us with advanced technology, global reach and frictionless service. That’s good news for our business and even better news for our customers.”

About Nium

Nium is a leading embedded fintech company that provides banks, payment providers, and businesses of any size with access to global payment services. Its modular platform powers frictionless commerce, helping businesses pay and get paid across the globe with services for pay-outs, pay-ins, card issuance, and banking-as-a-service.

Once connected to the Nium platform, businesses are able to pay out in more than 100 currencies to over 190 countries - 85 of which in real time. Funds can be received in 27 markets, including Southeast Asia, UK, Hong Kong, Singapore, Australia, India, and the US. Nium’s growing card issuance business is already available in 34 countries, including Europe (SEPA), the UK, Australia and Singapore. Nium’s license portfolio covers 11 of the world’s jurisdictions, enabling seamless global payments and rapid integration, regardless of geography.

Nium was named among “Financial Times APAC High-Growth Companies” and “Best B2B Payment Platform at Future Digital Awards” in 2021.

For more information, visit: https://www.nium.com

About Finci

FINCI is a fintech company offering a range of financial services for private and business customers, across 29 countries. With a Mastercard-powered debit card, and intuitive app on iOS and Android, customers can easily send and receive payments from around the world, and in multiple currencies. And through the development of AI, machine learning and other technologies, FINCI plans to make people’s day-to-day financial life even faster and easier.

For more information, visit https://www.finci.com