July 14th 2020, Nium announced a partnership with Visa to expand its card issuance service to Europe, soon after the company announced a similar service in Australia. The white labeling card solution aims to help businesses drive cost-efficiency and increase productivity.
With this Visa partnership, Nium is able to provide end-to-end issuing, processing and onboarding services in a shorter time. Businesses using Nium-issued corporate cards will be able to:
- Conduct real-time funds transfers to both physical and virtual Visa Credit and Debit card, such as crediting payroll into Visa cards
- Enable secure digital payments through tokenization for in-stores, online payments and at ATM points
- Unlock simple payment experiences for businesses and consumers around the world through multi-currency cards with multi-pocket/wallet spend management features
The flexibility of Nium’s API tools and holistic issuing services, coupled with Visa’s products and services, enables Nium to support different use cases for Spend Management seen across various business models and platforms, from companies looking to reconcile corporate entertainment and travel expenses for employees, businesses looking to pay suppliers and vendors overseas, or innovative technology companies looking to send payments to their community.
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