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July 7, 2020

dzcard to support Nium’s corporate card issuing business

Singapore-based global financial technology platform Nium has joined forces with Thailand-based smart cards manufacturer dzcard for a white-label card solution.

Under the partnership, dzcard will deliver dual interface cards on the Visa platform to Nium’s corporate customers.

Founded in 1971, dzcard is one of the major smart card manufacturers in Southeast Asia and Africa with over 1000 collaborations across three continents.

dzcard Southeast Asia managing director Atul Jain said: “dzcard is excited to be working with Nium in their journey to provide cutting-edge financial technologies to support businesses all over the world.

“This project has a strategic value for dzcard, as Nium card is one of the first fintech going live with dzcard embedded solutions.”

Nium, founded as InstaReM in 2014, is a banking-as-a-solution (BaaS) platform that enables businesses to send, spend and receive funds overseas, globally.

The company manages transactions in 63 currencies across more than 90 countries.

The latest partnership with dzard will allow the company to provide a white-labelled payment cards solution to its clients.

Nium head of product (cards) Gitesh Athavale said: “dzcard’s easily configurable solution allows Nium to integrate its card management system quickly and thus enabling an efficient solution deployment to the customers.”

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