Nium has revealed it will power cross-border payments for the clients of PhillipBank, one of Cambodia’s banking group, across its network.
Via the partnership with PhillipBank, the digital cross-border payments platform for global enterprises and financial institutions, Nium, cements its position as a provider for cross-border transactions in Southeast Asia. Also, PhillipBank clients will be enabled to realise faster turnarounds, with facilitated delivery times and payout amounts.
Nium is formerly known as InstaReM, and it already powers payments for four Southeast Asian Banks and financial institutions across the globe. However, the agreement between the two will help Nium strengthen its position as a player in the institutional payments space in Southeast Asia.
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