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Remote taps Nium to power real-time global payments

By Gloria Methri

June 05, 2024

  • Financial Inclusion
  • Financial Institution
  • Financial Tools
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Nium, Remote, Remittance Service, financial institution, real-time payments, financial tools, foreign immigrants, financial inclusion, Fintech news, Fintech APACRemote, the global HR platform for distributed companies, has selected Nium to enhance its international payroll capabilities. The partnership will be launched on a global scale, enabling businesses to send employee payroll and contractor payments worldwide instantly.

The partnership will help Remote to expand its real-time cross-border payments capabilities and geographic coverage.

The partnership will initially launch in 20+ markets across Europe, the United Kingdom, and Asia, supporting disbursement models, including corporate payroll and contractor payments.

“As companies become increasingly global, the complexities of expanding compliantly across international borders also grow. Our partnership with Nium is designed to address these complexities head-on. Payroll is at the heart of any business, and our partnership provides customers even greater confidence in their abilities to grow teams that stretch globally and still get paid on time, every time, in their local currency – no matter where they are in the world,” said Job van der Voort, CEO and Co-Founder at Remote.

With access to Nium’s global real-time payments infrastructure, Remote can provide its clients with multi-currency wallets. These wallets allow funding in over 20+ local currencies and avoid the hassle of setting up and managing local bank accounts.

Live interbank exchange rates can be locked in for up to 24 hours and converted to make cross-border payroll in bulk. Employee and contractor payouts can be sent via flexible payment options to bank accounts, cards, and e-wallets in over 220+ markets and 100+ real-time corridors around the world.

Prajit Nanu, CEO and Founder at Nium, said, “If businesses want to stay competitive, mission-critical payments like payroll mustn’t just work but work well. And yet, companies continue to rely on legacy infrastructure or limited cross-border payment solutions to pay their employees and contractors worldwide. After all, payroll isn’t just about money. It’s about employers finding new ways to deepen connections, improve retention, and say thank you to their increasingly diverse and globally dispersed employees. We’re helping Remote deliver this differentiation to its customers and look forward to enabling people and businesses all over the world to realise the full potential of real-time cross-border payments together.”

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