FinTech company Nium expands remittance routes for E9pay customers

By Edil Corneille

Today, global FinTech infrastructure platform Nium announced a partnership with the Republic of Korea’s digital remittance provider E9pay to expand and enhance remittance offerings for E9pay’s corporate and individual customers. The expanded offerings include real-time international money transfers to new markets such as major corridors in Europe, Indonesia, India, and the US for E9pay’s customers.

E9pay is looking to leverage Nium’s services and network to simplify remittance processes for both individuals and businesses conducting outbound transactions, enabling these international monetary transfers to be done more quickly and at a lower cost. The expansion of digital remittance corridors is also part of E9pay’s efforts to ramp up their digital cross-border payments offerings to commercial merchants, who are increasingly turning to digital financial solutions for their cross-border payment needs.

“South Korea’s digital infrastructure is one of the best in the world – the country boasts one of the highest Internet speed and mobile connectivity. Yet the overseas digital payments scene has yet to catch up due to complex legacy systems. Nium is always looking to improve remittance experience and business efficiency through the introduction and facilitation of financial technology, and we are proud to be working with E9pay to improve the cross-border digital payments service offering in South Korea,” Michael Minassian, Vice President and Regional Head of Consumer and SME Business, Nium enunciated.

“As an industry leader in Cross-Border Money Transfer Market for migrants and individual money senders in South Korea, we are delighted to bolster our Cross-Border Payments B2B business through the partnership with Nium,”  Jeon Hyuk Goo, CEO in E9pay enthused.

“In an increasingly competitive money transfer industry, it is crucial to provide reliable B2B and commercial PG (Payment Gateway) services, and we believe that our partnership with Nium, can help us expand our B2B offerings in such a highly competitive market.”

Beginning today, E9pay individual and business customers can access real-time cross-border payment capability directly through their E9pay’s app (iOS and Android) and business portal.