SINGAPORE, 29 July 2020 – Global fintech platform Nium announced today that Nium’s card users will be able to make payments via Google Pay, available on Android phones, tablets or watches. This will be applicable for both in-stores and online.
As a licensed Visa issuer in Australia, Europe, Hong Kong, Singapore and the United Kingdom, Nium provides end-to-end issuing, processing and onboarding services for companies looking to introduce card services to their employees or clientele in these markets. Through this service, cards issued by Nium can easily be used across millions of points of sale within Visa’s global acceptance network. Now, Nium card users will have an additional option of completing their payments via Google Pay on Visa-accepted terminals.
To access this feature, users will have to add their Nium-issued Visa card to their Google Account and choose to pay with Google Pay at checkout. With Google Pay, users can confirm and complete the purchase without having to enter their payment information again, which enables faster checkout. Nium card users will also continue to enjoy the Visa benefits and protection while on Google Pay.
“We understand that more consumers are moving away from cash and into other forms of payment methods, and this behaviour translates to corporate expenses as well. It just makes sense for us to increase acceptance points within our system in order to provide a greater payment experience for the end users. The integration of Google Pay within our card issuance network allows us to increase the acceptance points for our end users, allowing them to make payments and also track their expenses more easily and directly using their Android devices,” said Gitesh Athavale, Head of Product (Cards), Nium.
This service will be available for Nium-issued card users in Singapore, Australia, European Union, Hong Kong and the United Kingdom. For more information about this partnership, please visit: https://www.nium.com/platform/?tab=spend.
Nium currently operates its Send, Spend and Receive business in over 100 countries, 65 in real-time.
About Nium Nium is a global financial technology platform redefining the way consumers and businesses send, spend and receive funds across borders. The company is continuously innovating to provide the most relevant and agile solutions to meet the needs of consumers and businesses, having evolved from solely focusing on consumer remittance via InstaReM, to also providing fintech solutions for businesses from 2019. Nium is regulated in Australia, Canada, European Union, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore and the United States of America, and processes billions of dollars a year for banks and payments institutions, the next generation of e-commerce players, OTAs and retail users across the world. Nium’s investors include Visa, BRI Ventures, Vertex Ventures, Vertex Growth, Fullerton Financial Holdings, GSR Ventures, Rocket Internet, Global Founders Capital, SBI Japan, FMO (Netherlands Development Finance Company), MDI Ventures, Beacon Venture Capital and Atinum Investment.
For more information, please refer to www.nium.com.