Nium, a provider of real-time cross-border payments, today announced that it is now registered as a Financial Services Provider in New Zealand.
This landmark step marks Nium’s entry into New Zealand’s dynamic financial landscape and reinforces its commitment to providing innovative financial solutions globally.
The registration adds to Nium’s extensive portfolio of licenses and registrations covering more than 40 countries worldwide. In 2024, Nium has already received approvals / in-principle approvals for four licenses and registrations, including:
- Japan: Fund Transfer Service Provider Type 1 (FTSP) license from the Financial Services Agency of Japan (FSA).
- India: Prepaid Payment Instrument (PPI) license from Reserve Bank of India (RBI).
- India: Payment Aggregator (PA) license from Reserve Bank of India (RBI). and,
- New Zealand: Registration on the Financial Services Providers Register (FSPR).
This registration is a first step in offering businesses in New Zealand a range of financial services which could include virtual accounts, debit and prepaid cards, fundraising and global payments. The move builds on Nium’s established presence in the Oceania region – with two out of three of Australia’s largest spend management platforms leveraging Nium’s global network. The New Zealand listing further strengthens Nium’s position as a leader in cross-border money movement, empowering banks, financial institutions, travel platforms, payroll providers and other businesses.
Runn Sachasiri, Senior Vice President of Global Expansion and CEO’s Office at Nium, commented:
“We are excited to bring Nium’s innovative cross-border payment services to New Zealand. We look forward to enabling businesses to do more trade with New Zealand by providing the speed, efficiency and transparency of payments that has long been missing from global markets.”
Nium recently announced its partnership with Weel, Australia’s leading spend management platform as a card issuing partner.
“Our partnership with Nium is a key element of our strategy to support our customers’ global spend management needs,” said Russell Martin, Co-Founder and CTO of Weel. “The registration of Nium in New Zealand paves the way for us to meet the demand from our customers to bring our offering to the New Zealand market in the coming months.”