- Licence Applications:
- Nium is applying for a Payment Institution licence in Brazil to offer extended payment services, including real-time payments via Pix and local fund management in BRL.
- The company is also seeking authorisation to enhance its foreign exchange transaction capabilities.
- Expansion Strategy:
- Nium aims to capitalize on Latin America’s growing cross-border e-commerce economy, particularly in supplier corridors with Asia and Europe.
- The company has been strategically investing in the region for years, securing major clients and expanding operations.
- Recent Partnership:
- In June, Nium partnered with Brazilian digital bank BS2 to leverage its Global FX solution.
- Future Plans:
- Nium plans to introduce its travel offering and card issuance services in Latin America once the new licences are secured.
- The company intends to hire additional roles in business development and partnerships to support its growing presence in the region.
Nium looks to expand presence in LatAm with new licence applications
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