The pair have broadened their alliance.
In brief:
- This collaboration is set to introduce an innovative global remittance service in Brazil, marking a significant milestone following the regulatory nod to Ebury’s acquisition of the Brazilian FinTech Bexs.
- The partnership aims to empower businesses with the capability to execute fast, reliable, and cost-effective cross-border payments to and from Brazil.
- This initiative is a continuation of Ebury and Nium’s existing partnership in Europe, where Ebury, based in London, utilises Nium’s expansive global payments infrastructure for international supplier and payroll payments.
What does this mean?
Ebury Bank in Brazil’s Executive Director, Luiz Henrique Didier Jr., said, “Our mission is to connect Brazilian consumers to the world and the world to Brazil’s consumer ecosystem. And the best way to do this is to use high-technology solutions and global coverage, such as those offered by Nium, which bring security and effectiveness to transactions. This is a game changer for us. The product demos gave our team a lot of confidence and the technological integration process was seamless and conclusive, reflecting a great start for the partnership.”
