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August 11, 2021updated 16 Aug 2021 8:07am

GC teams up with Nium to bolster payment services in key Asian markets

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.

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  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
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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.”

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.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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