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Ebury and Nium team to offer cross-border payments in Brazil

By Delisha Fernandes

February 23, 2024

  • Cross Border Payments
  • digital payment
  • Ebury
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Ebury, Central Bank of Brazil, Bexs Group, SMEs, digital offerings, online businesses, Acquisition, Fintech news, Fintech BrazilEbury, a FinTech company specializing in transactions for SMEs, has expanded its partnership with Nium, a real-time global payments provider, to offer global remittance service in Brazil.

Together, Nium and Ebury will enable businesses to send or receive fast, reliable, and affordable cross-border payments to and from Brazil. This builds on the duo’s existing partnership in Europe, in which London-based FinTech Ebury leverages Nium’s global payments infrastructure to send international supplier and payroll payments around the world.

“Our mission is to connect Brazilian consumers to the world and the world to Brazil’s consumer ecosystem. And the best way to do this is to use high-technology solutions and global coverage, such as those offered by Nium, which bring security and effectiveness to transactions. This is a game changer for us. The product demos gave our team a lot of confidence and the technological integration process was seamless and conclusive, reflecting a great start for the partnership,” said Luiz Henrique Didier Jr., Executive Director at Ebury Bank in Brazil.

Nium’s bulk cross-border payments solution for banks and financial institutions will be integrated into Ebury’s high-scale payment flows to improve the speed, efficiency, and cost of international business transactions. The partnership will also enhance Brazil’s connection to new emerging markets that would otherwise be out of reach. Currently, Nium’s payment network supports payouts in over 100 currencies to more than 190 countries, 100 of them in real-time.

Brazil has tremendous potential to set a global example in digital payment innovation. But today, businesses and individuals here continue to face costly hidden fees, significant delays, and uncertainty every time they send or receive international payments via traditional wires or legacy banking systems. We are thrilled to expand our existing collaboration with Ebury in Europe to help Brazil’s underbanked SME and consumer population access more affordable and efficient ways to send and receive money. This is another great example of how cutting-edge cross-border payment solutions are having a meaningful impact on the lives of millions of people around the world,” said Christina Hutchinson, General Manager, Brazil and Head of Business Development, LATAM at Nium.

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