Nium and Travelex launch digital remittance offering in Hong Kong

Tuesday 15 June 2021 13:05 CET | News

Forex platform Travelex has announced partnering with Singapore-based payments platform Nium to launch digital remittance offering Travelex International Money Transfer.

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.

A Travelex International Money Transfer mobile app will be launched in Hong Kong shortly, according to the press release. Travelex will also continue to expand its digital remittance offering to major markets in Asia Pacific in the coming months. Consumers in Hong Kong, Singapore, and Australia can now access Travelex International Money Transfer via their local Travelex website.

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Keywords: partnership, remittance, money remittance, online payments
Categories: Payments & Commerce
Countries: Hong Kong
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