Global FinTech Platform Nium Announces Expansion of Remittance Routes for E9pay Customers

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E9pay aims to leverage Nium’s extensive payments network to boost its B2B remittance offeringSINGAPORE, Oct. 13, 2020 /PRNewswire/ — Global fintech infrastructure platform Nium announced today a partnership with the Republic of Korea’s leading digital remittance provider E9pay to expand and enhance remittance offerings for E9pay’s corporate and individual customers. The expanded offerings include real-time[1] international money transfers to new markets, such as major corridors in Europe, Indonesia, India, and the US for E9pay’s customers. NIUM LogoThe remittance industry in South Korea has grown significantly since the deregulation of remittance[2] back in 2008. Known as one of the most technologically advanced markets in the world[3], South Koreans have quickly integrated money transfers with financial technology, and most do not carry cash around these days. While the country has been successful in its push towards being cashless within its borders, overseas money transfers are largely conducted bank wire transfers[4], which can be expensive and time-consuming.Through this partnership with Nium, E9pay looks to leverage Nium’s trusted services and extensive network to simplify remittance processes for both individuals and businesses doing outbound transactions, enabling these international monetary transfers to be done more quickly and at a lower cost. The …

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