Nium, Banco Hipotecario to provide cross-border payments solution

Friday 30 October 2020 13:53 CET | News

Nium and Banco Hipotecario, state bank in El Salvador, have announced a strategic collaboration to provide international transfer offerings across the country.

Nium, a Singapore-based global fintech infrastructure platform, hopes that the partnership will open the door for new international payments corridors beyond LATAM, and introduce real-time global payment capabilities to corporate and individual customers of Banco Hipotecario. 

To provide for the spike in demand for digital payments, Banco Hipotecario has selected Nium as their payments partner to help with the cross-border payments experience for both corporate and individual customers of the bank. The integration of Nium’s network will allow customers throughout El Salvador to transfer money in real-time to a list of markets including Europe, UK, and US.

Nium currently operates its Send, Spend and Receive business in 100 countries, 65 of which in real-time.

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, Banco Hipotecario, cross-border payments, partnership, El Salvador, LATAM, digital payments, online payments
Categories: Banking & Fintech
Countries: El Salvador
This article is part of category

Banking & Fintech