back Back

Weel, Nium and Visa team to accelerate global payment offerings

By Gloria Mathias

March 26, 2024

  • australia fintech
  • Corporate Spend Management
  • Financial Inclusion
Share

Nium, Jeonbuk Bank, Remittance Service, financial institution, real-time payments, financial tools, foreign immigrants, financial inclusion, Fintech news, Fintech APAC, Australia Fintech, Weel. Visa, Corporate Spend Management, Weel, Australia’s spend management platform, and Nium have announced a new partnership to help finance teams manage their corporate spending.

Nium will serve as Weel’s preferred financial services provider, offering a comprehensive suite of products that will enable Weel to accelerate its global growth and customer offerings. A cornerstone of this is Weel’s partnership with Visa to introduce Visa Business Debit Cards across the program.

Weel enables its customers to quickly issue Visa-backed digital cards to their employees for business purchases. These cards are fully integrated with a web and mobile platform that allows finance teams to control spending, manage receipts, and synchronise transactions with their accounting platform.

Weel’s partnerships with Nium and Visa provide a strong foundation for Weel to take its highly successful product offering to overseas markets. Nium’s end-to-end solution and licensing in over 40 markets, coupled with Visa’s acceptance in over 200 markets, will enable Weel to pursue a faster go-to-market strategy as it enters new countries.

Nium’s infrastructure and capabilities will play a key role in helping Weel expand its payment offerings. Weel currently supports bill and reimbursement payments to recipients in Australia. With this partnership, customers can make payments globally and in real-time, as well as convert currencies and hold balances in multi-currency wallets. This new functionality will empower Weel customers to better engage with international suppliers and foster stronger global trade relationships.

Anupam Pahuja, EVP of APAC, and Middle East at Nium, said, “Our collaboration with Weel underscores our commitment to empowering global platforms through best-in-class payment infrastructure. At Nium, our foundational payments framework provides Weel with advanced solutions to simplify financial management for SMEs navigating a swiftly changing market landscape.”

Weel’s CEO, Daniel Kniaz, added, “This partnership with Nium is an important milestone for Weel, enabling us to grow in alignment with our customer needs. It means we can now deliver even more value to our customers, helping them navigate the complexities of spend management effortlessly.”

Previous Article

March 26, 2024

FundGuard closes $100m in Series C funding round

Read More
Next Article

March 26, 2024

Liberty Savings Bank selects Upstart to offer personal loans

Read More








IBSi Daily News Analysis

Generative AI

April 12, 2024

australia fintech

Security experts sound the alarm on Deepfake threats in the age of AI

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

SBI SECURITIES partners with Broadridge for post-trade solution

Read More

Today

PXP Financial taps Mastercard to tackle payment fraud

Read More

Today

Linedata acquires French AI startup DreamQuark

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023