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 international money transfers to new markets, such as major corridors in Europe, Indonesia, India, and the US for E9pay’s customers.
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 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.
E9pay is the first company to acquire the Overseas Remittance Business No. 1 License from Ministry of Economy and Finance (MOEF) of South Korea, providing overseas remittance/receipt services to/from 126 countries as of September 2020.
Earlier this year, Moneygram a global leader in cross-border P2P payments and money transfers, today announced a partnership with E9Pay, one of the largest money transfer and payment fintech companies in Korea. The partnership enables E9Pay customers to connect to the MoneyGram platform and distribution network in over 200 countries and territories. The integration will especially benefit consumers who send money between Southeast Asia, Russia, and the Commonwealth of Independent States (CIS), which are the main corridors for E9Pay.