Nium, the global leader in real-time cross-border payments based in Singapore, has partnered with Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, to empower customers with a cutting-edge global payments solution that will redefine the financial services landscape in the Middle East and beyond.
The partnership, subject to regulatory approvals, seeks to elevate the remittance experience with seamless, instantaneous cross-border transfers between the UAE and countries worldwide. Remittances from the UAE have been driven by a growing expatriate population and cross-border trade.
By leveraging Nium’s payouts services, Emirates NBD offers customers real-time, cost-effective payment solutions with speed and unparalleled reliability.
Marwan Hadi Executive VP & Head of Retail Banking, Emirates NBD
“As a leading national banking group, Emirates NBD has played an active role in introducing innovation in all our banking solutions. The partnership with Nium, a global leader in real-time, cross-border payments, will facilitate seamless, global transactions for our customers. This collaboration is a testament to the bank’s commitment to embracing cutting-edge technologies and pushing boundaries to deliver excellence.”
Emirates NBD selected Nium as a partner, citing the depth of Nium’s global network, comprehensive capabilities worldwide, and the advanced functionality of its platform, APIs and tech stack as decisive factors.
Prajit Nanu, Founder and CEO at Nium said that, “Nium is focused on achieving ubiquitous reach of our global payments infrastructure. The Middle East is a key market for us, and we have been doubling down on expansion in the region. Our partnership with Emirates NBD extends our presence into the heart of the Middle East with one of the most trusted names in the region. As a cornerstone of the global digital banking industry, Emirates NBD stands at the intersection of trillions of dollars of money movement and through this partnership Nium looks forward to moving more money in real-time across the region and beyond on our global infrastructure.”
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