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November 26, 2021

Nium and Japan’s Queen Bee Capital partner on cross-border payments

By Shalini mani

Nium and Japanese payments firm Queen Bee Capital (QBC) have teamed up to drive international transfer service for QBC’s corporate and individual customers in Japan.

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Leveraging Nium’s pay-out capability, QBC will offer its customers instant settlements and access to multiple real-time payment corridors.

The partnership will facilitate B2B, P2P, B2P and P2B cross-border payments from Japan to more than 200 countries and regions with 30 currencies.

It includes payments to the UK, the US, Bangladesh, Singapore, Australia, Europe as well as Latin American countries such as Chile, Argentina, Uruguay, Brazil, and Peru.

Nium chief revenue officer Frederick Crosby said: “We are delighted to announce our partnership with Queen Bee Capital, one of Nium’s first partners in Japan.

“Our platform will enable QBC to provide its customers with seamless real-time payment services to more countries and regions around the world.”

Queen Bee Capital president Shenbo Huang said: “Nium is the established global leader in overseas payments. By integrating with their platform, we’re easily able to cost-effectively reach more corners of the world – most in real-time. We look forward to expanding our relationship in the future.”

In August this year, US-based cryptocurrency exchange Coinbase forayed into Japan through a partnership with local lender Mitsubishi UFJ Financial Group.

Recent moves by Nium

Earlier this month, Blockchain-based payment network Roxe announced a strategic partnership with Nium to facilitate real-time pay out to key international markets, including from the US to the UK, Europe, Asia and Australia.

In September this year, Nium and Australian fintech Bano teamed up to expand its digital payment offerings to digital-native young Australians and international students.

In July, Nium announced a $200+m D funding round is led by US-based high-growth tech investor, Riverwood Capital.

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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