Case Study: Nium achieves real-time, lower-cost cross-border payments and Southeast Asia expansion with Ripple

Nium is forging new partnerships to open doors in Southeast Asia

Nium, a leading digital cross-border payments company, sought to differentiate itself in a crowded marketplace by offering an enhanced, faster and more cost-effective payment experience. To achieve this, Nium partnered with Ripple and adopted RippleNet and Ripple’s blockchain technology to improve the speed, reliability and cost of its international transfers.

By joining RippleNet, Nium began processing real-time transactions within weeks, eliminated pre-funding requirements on key corridors, and delivered up to 98% savings on domestic transfer rates for customers. Within five months the company saw significant offtake in remittance volume, launched new corridors from North and South America into Southeast Asia, and strengthened its presence across Australia, Singapore and Malaysia through Ripple.

Nium

Prajit Nanu

Chief Executive Officer