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BRI & Nium to expand real-time cross-border payments across Indonesia

By Gloria Mathias

October 21, 2024

  • APAC
  • APAC Fintech
  • Asia
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Bank BRI, E9pay, Korea Fintech, FintechNews, Fintech APAC, Fintech Payments, Bank technology, Fintech solutions, Indonesian workers, Korean Fintech, APAC Fintech, Indonesia, APAC, Asia, FinTech Solutions, Nium, Money transfer Solutions, Cross border payments, Nium, the global infrastructure for real-time cross-border payments, has announced a partnership with Bank Rakyat Indonesia (BRI) to provide Indonesian customers with real-time international money transfer capabilities.

This collaboration aims to enhance the cross-border offerings for BRI’s individual and corporate customers, delivering more accessible and cost-effective financial services across Indonesia.

This partnership empowers more than 150 million BRI account holders, including those in remote regions of Indonesia, to access modern, real-time cross-border payment services. The offering includes a variety of real-time payment mechanisms, supporting bank account destinations, a global electronic card network, and digital wallets.

These innovations are closely aligned with BRI’s ongoing mission to provide affordable and customer-focused financial products, particularly for traditionally underserved communities.

BRI’s Corporate Secretary, Agustya Hendy Bernadi, emphasised BRI’s dedication to constantly improving customer convenience through innovations in its global network and cross-border transaction services. “This collaboration reflects BRI’s continuous efforts to enhance productivity and efficiency by expanding its digital payment channel network to meet the growing demand for global transactions,” he said.

Agustya added, “With Nium’s global transaction network, BRI strengthens the digitalisation of its business processes and enhances retail banking capabilities in line with our 2025 strategic vision.”

Anupam Pahuja, General Manager and Executive Vice President for Asia Pacific, Middle East, and Africa at Nium, shared, “By integrating Nium’s advanced technology into BRI’s platform, we are dedicated to providing BRI’s customers, no matter where they are, with access to exceptional financial services. This partnership will remove the risks associated with cash handling and provide faster, more cost-effective transactions—whether individuals are sending money to family members abroad or businesses are making international payments.”

This partnership between BRI and Nium is expected to transform the way Indonesians engage with global financial services. It will meet the rising demand for modern payment infrastructure and enhance the overall experience for BRI’s customers in their international transactions.

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