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Nium & Borderless AI to enhance cross-border payments for EOR industry

By Delisha Fernandes

May 02, 2024

  • Borderless AI
  • Cross Border Payments
  • cross-border operations
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NiumBorderless AI has announced its strategic partnership with Nium, the global leader in real-time, cross-border payments, to enhance cross-border payments in the Employer of Record (EOR) industry.

The traditional EOR process often faces delays and inefficiencies in cross-border payments, leading to administrative bottlenecks and hindered business operations. With Nium’s technology integration, Borderless AI is able to streamline operations, offering faster, more efficient, and secure payment solutions. This enables organizations to confidently navigate international complexities, seamlessly pay employees and contractors, and manage remote teams more efficiently.

“Our collaboration with Nium represents a significant leap in delivering multi-country payroll and unmatched value to our customers,” said Willson Cross, CEO of Borderless AI. “By leveraging Nium’s innovative technology, we empower businesses to efficiently manage their global workforce while ensuring timely and secure cross-border payments.”

Nium’s advanced payment infrastructure and global network facilitate seamless fund transfers across borders, eliminating intermediaries and significantly reducing transaction times. Borderless AI can now provide clients with instant transfer of funds through Nium’s platform, enabling efficient management of payroll, taxes, expenses, and financial obligations across more than 190 countries.

“Borderless AI is contributing to the changing Employer of Record industry, and we are excited to be a part of their journey,” said Prajit Nanu, CEO and Co-founder of Nium. “By integrating our real-time cross-border payment solutions with Borderless AI’s EOR expertise, we empower businesses to transcend geographical barriers and unlock new opportunities for growth.”

In conjunction with this partnership and to strengthen its industry expertise, Borderless AI is officially announcing the addition of Rajesh Venkatesh as Chief Payments Officer and Umesh Maini as Chief Product Officer to its executive team. Both leaders bring invaluable experience from the global payments space.

This strategic alliance underscores Borderless AI and Nium’s shared commitment to innovation and excellence in global employment solutions, paving the way for businesses to navigate cross-border operations efficiently and unlock new growth possibilities.

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