Sydney, Australia – Nium, a global cross-border payments firm, has recently expanded its real-time payout capabilities to Australia, aiming to enable businesses to send payments across borders faster and more affordably.
This strategic expansion allows businesses connecting to Nium’s platform to process real-time cross-border payments directly to Australian bank accounts. It also enhances transaction efficiency by reducing costs and processing times while ensuring greater transparency and reliability.
By leveraging Australia’s New Payments Platform, the company also facilitates instant domestic and international fund transfers, delivering funds to recipients within seconds.
Moreover, the expansion strengthens Nium’s extensive payments network, which already covers major markets in Asia, Europe, and the Americas. With this, businesses and financial institutions benefit from a unified API that facilitates scalable, compliant real-time payouts worldwide.
In particular, Nium remains among the few providers offering instant transfers to both bank accounts and proxies, including PayID.
Alexandra Johnson, chief payments officer at Nium, said, “This expansion of our network marks another milestone in our commitment to transforming global money movement. Real-time payments are becoming the global standard, and with our access to NPP, businesses can now make instant payouts into Australia from anywhere in the world to Australian accounts and Payment IDs (“PayIDs”). This is yet another step toward our goal of creating a truly global real-time network.”
Recently, the company has seen significant growth in Australia, achieving a threefold increase in monthly payment volume across Oceania throughout 2024. Said expansion was driven by increased adoption from financial institutions and spend management platforms such as AI-powered RedOwl, Weel, and Budgetly.
Nium has also entered New Zealand as a registered financial service provider, equipping businesses with virtual accounts, global payout capabilities, and card solutions to optimise financial operations. The addition of Australia enhances Nium’s real-time cross-border payments network, now expanding to over 100 countries.
