Through this partnership, Bano will integrate with Nium’s financial services platform to offer card and payment services through the Bano app, an all-in-one app designed to simplify digital payments and investment services. The app gives customers access to e-wallets, cross-border payments, multi-currency accounts, Australian and international share trading, and other financial services. By integrating with Nium’s platform, Bano can now offer customers physical cards as well as virtual cards via Apple Pay and Google Pay.
The partnership comes as the Australian government announces plans for the rapid recovery of the nation’s USD 40 billion international student sector. Bano cards issued to Australia-based customers can be used in over 200 global markets and at 70 million merchant acceptance locations worldwide, wherever there is a Visa acceptance mark.
Nium’s card solution will enable Bano to start issuing cards to customers four weeks, issue virtual or physical cards for customers in Australia that can be used anywhere Visa is accepted, and enable its customers to manage cards, spend limits and more, all through one app.
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