This collaboration positions Nium as the first fintech payment service provider (PSP) on the Partior network. Credit: T. Schneider/Shutterstock.

Nium has teamed up with blockchain-based fintech Partior, aiming to facilitate quicker cross-border payments.  

This collaboration positions Nium as the first fintech payment service provider (PSP) on the Partior network, promising 24/7 transparent, real-time payouts, clearing, and settlement across over one hundred markets globally. 

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It eliminates the need for additional API integration, resource-heavy work over several months, to streamline its real-time payments infrastructure and connect more networks. 

Partior’s blockchain platform addresses common pain points in global payments, such as delays, high costs, and lack of transparency.  

Nium’s integration with Partior’s network will enable clients to conduct real-time multi-currency payments and Payments versus Payments (PvP) settlements, improved access to its global payments system. 

The partnership also allows Nium to introduce new services, including intra-day FX swaps, cross-currency repos, programmable enterprise liquidity management, and Just-in-Time multi-bank payments.  

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Nium Chief Payments Officer Alexandra Johnson said: “By integrating with advanced networks, such as Partior, we are ensuring that financial institutions can quickly and easily access our real-time payments infrastructure without the need for complex technical integrations.  

“Recognising how resource-constrained financial institutions are, we’re eliminating barriers to using our network and increasing interoperability to deliver on our mission of having seamless and streamlined real-time payments to anyone, anywhere.” 

Partior CEO Humphrey Valenbreder said: “By combining Partior’s real-time blockchain settlement network with Nium’s vast global reach, we’re empowering financial institutions to break down long-standing barriers. Imagine a world where cross-border payments are instantaneous, transparent, and accessible to all. This is the future we’re building together.” 

Last month, Nium enhanced its payments network by enabling connections via Swift infrastructure, simplifying cross-border transactions and offering a cost-effective alternative for complex API integrations, to support payment messaging for both the current Swift MT formats and the new ISO 20022 standard.