The option to users in Hong Kong. Already live in Australia and Singapore, this digital remittance offering – powered by Nium’s global payment rails and real-time payment capabilities – enables Travelex users in Hong Kong to remit money to more than 50 markets across the world almost instantly.
As part of this partnership, Travelex will leverage Nium’s Remittance-as-a-Service (RaaS) solution, which makes it easier for companies to become payment providers and offer remittance services on their own digital platforms. With RaaS, businesses are not required to build their own payment infrastructure. Instead, they can simply build their brand on top of an existing platform and leverage Nium’s portfolio of regulatory licenses in over 40 countries.
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