Nium, a leader in global real-time cross-border payments, now enables financial institutions to use their existing Swift infrastructure to connect to Nium’s global real-time payments network. This integration removes the need for complex and costly API setups, allowing institutions to benefit from faster settlements, improved transparency, and full payment traceability. Nium supports both Swift MT and ISO 20022 messaging formats, ensuring compatibility with industry standards. More than 80% of payments made through Nium settle within 15 minutes, with real-time updates to Swift's GPI tracker. The system streamlines processes, guarantees full payments without additional fees, and enhances error handling. Brazil’s Ouribank is one of the first to adopt this system, enabling more efficient and secure international transactions.
- Nium simplifies cross-border payments by leveraging Swift infrastructure, reducing integration costs and complexities.
- The platform’s ability to settle 80% of payments within 15 minutes significantly benefits businesses in the on-demand economy.
- Nium’s partnership with institutions like Ouribank demonstrates its impact on enhancing international financial operations through real-time, secure payment solutions.
