GC Partners, a payment and FX specialist, has teamed up with payments provider Nium to provide pay-out network capabilities to important Asian markets such as India, Indonesia, the Philippines, South Korea, Sri Lanka, Thailand, Malaysia, Vietnam, and Nepal.

The partnership widens GC Partners’ currency offering in Asia and will help boost access to several Asian markets for their customers.

Nium chief revenue officer Frederick Crosby said: “Our global platform enables companies, such as GC Partners to move fast, deliver for less and act hyper-local in any market targeted for international expansion.

“Asia is most certainly a region we have extremely well covered in terms of licencing, local partnerships with banks and regulators. We are happy to contribute to the GC Partners’ expansion in these key markets and to be able to open new pathways into Asia for the company.”

GC Partners chief commercial officer Andrew Fundell said: “As we continue to invest heavily in new markets, technology, broader service offerings and our most important resource – people, gaining access to Nium’s payments infrastructure, licence network and solid reputation was the right step to take to help us provide the best pay-out solutions for our clients

“We’re delighted to be able to satisfy the demands of our clients who are excited about the significant opportunities that Asia presents.”

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Nium’s pay-out capability will allow GC Partners to offer seamless B2B and B2B2C cross-border payments for customers dealing with INR, IDR, PHP, KRW, LKR, THB, MYR, VND and NPR currencies. It will provide access to multiple real-time payment corridors, and enable instant, speedy settlements.

GC is claimed to have helped more than 150,000 clients send payments to more than 125 markets across the world. It is authorised by the FCA and has offices in UK, Europe, and the Middle East.