Nium to offer cross-border payments for PhillipBank

Thursday 21 November 2019 10:17 CET | News

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.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Nium, cross-border, payments , Cambodia, PhillipBank, financial institutions, payouts, partnership
Categories: Payments & Commerce
Countries: Cambodia
This article is part of category

Payments & Commerce