2 Ripple Partners Team Up To Boost Digital Remittances

Travelex has announced a partnership with Nium to boost digital remittance across Asia Pacific.  Travelex, a foreign exchange brand, has partnered with global payments platform Nium to extend digital remittance services to their users. Presently live in Australia and Singapore, the digital remittance offering which is ‘Travelex International Money Transfer’ will be serviced by Nium’s global payment rails and real-time payment capabilities, enabling the forex company’s users to remit money to more than 50 markets across the world almost instantly. The service will be further expanded to the rest of Asia soon.

Cameron Hume, Managing Director of Travelex Asia Pacific stated:

Extending the Travelex digital suite to offer remittance services is a logical next-step and continues our focus on digital innovation which includes our market-leading online currency exchange platform, the multi-award-winning Travelex Money Card and a global network of FX ATM’s.

Nium has been a long time partner of Ripple  You can find the case study located below:

https://ripple.com/customer-case-study/nium/

Travelex is the leading brand in foreign exchange globally and across the APAC region. They are recognized and trusted as experts in their field. At Nium, we understand how difficult it is for a company to introduce remittance or money transfer services at scale, and we are excited that Travelex has selected Nium to be their trusted partner for this journey,” said Michael Minassian, Regional Head of Nium’s Consumer and SME Business.

Source: IBS Intelligence