Nium reveals plans for 2022 after positive 2021

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Valentina Vitali
Valentina Vitali
FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • Nium, which is a leading provider of cross-border payments services to businesses, said that it had had a positive year with acquisitions and more.
  • It also claimed to have become the first international businesses-to-business payments unicorn in Southeast Asia.
  • “In 2022, you can expect to see us continue to build out each of Nium’s key solutions: pay-ins, pay-outs, card issuance, banking-as-a-service and crypto-as-a-service,” it said.

Nium, a premier provider of cross-border payments services, has issued comments on how it fared in 2021 – and what it expects to do and see in 2022.

Nium, which offers payments services and card issuance functions to businesses, said that it had had a positive year.

It claims to have become the first international businesses-to-business payments unicorn in Southeast Asia.

A unicorn is a company that is in the start-up phase and that is owned privately – and valued at more than US$1bn.

This news came after it received its Series D investment package.

The company also spent the year making big acquisitions.

These are understood to have included Wirecard Forex India Private Limited as well as the travel payments service Ixaris.

The company has also developed a number of major partnerships, especially in the travel and shipping sectors – including with maritime firm Bernhard Schulte Shipmanagement (BSM).

The firm shared the insights in a blog post and went on to place its developments and achievements this year against a backdrop of significant change due to the coronavirus pandemic.

“Throughout the pandemic, we saw the world enter a new era of payments innovation as we all adjusted to the ‘new normal’,” it said.

The company added that it expected that the state of flux would persist as the world moved into 2022.

“And at Nium, we believe that 2022 will be no different. We expect the continued rise of digital payments adoption, particularly across crypto and BNPL, and we envision a surge in travel,” it explained.

In further remarks, the company shared some of its priorities for what areas of the sector it intended to focus on during 2022.

These are wide ranging but reflect the company’s “key solutions” that it offers to customers.

They include card issuance, crypto-as-a-service, and much more.

“In 2022, you can expect to see us continue to build out each of Nium’s key solutions: pay-ins, pay-outs, card issuance, banking-as-a-service and crypto-as-a-service,” it explained.

It also said that it will be investing in staff as well as finding the right partners for development and growth.

“We will be expanding our global reach through continued investment in our global payments infrastructure, our talent, and the right strategic partners,” it said.

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