Cross-border B2B payments operator Nium has announced a partnership with Partior, a blockchain-based fintech specializing in clearing and settlement.
This collaboration positions Nium as the first fintech payment service provider within the Partior network. Financial institutions will have the ability to connect with Nium through Partior for 24/7 real-time payouts, clearing, and settlement across over 100 markets globally, all without the need for extensive API integration.
Partior’s blockchain-powered platform addresses long-standing challenges in global payments, such as settlement delays, high costs, and limited transaction transparency.
“By integrating with advanced networks like Partior, we ensure that financial institutions can access our real-time payments infrastructure quickly and easily, without complex technical integrations,” said Alexandra Johnson, chief payments officer at Nium.
Humphrey Valenbreder, CEO of Partior, emphasized the significance of the partnership: “Aligning with Nium is a pivotal step in our mission to enhance the global payments landscape. By merging Partior’s real-time blockchain settlement network with Nium’s extensive global reach, we are enabling financial institutions to dismantle long-standing barriers.”
Partior’s DLT-based platform serves major financial entities such as JP Morgan, Standard Chartered, and founding investor DBS, facilitating payments for their customers. Companies like Siemens and iFAST Financial have utilized Partior through Standard Chartered to gain improved access and control of their working capital, alongside 24/7 availability and accelerated, more efficient payment flows.
Recently, the network raised $60 million in Series B funding in July and welcomed Emirates NBD as the first regional bank to settle in UAE Dirham, Saudi Riyal, and Indian Rupee on the platform.