Nium’s Pratik Gandhi bullish about Socash acquisition agreement


New Delhi (India), April 28: Acquisition combines Socash’s technology for local payment acceptance with Nium’s global platform for money movement network for a modern approach to digital commerce in emerging market.
Nium, the global platform for modern money movement, today announced a definitive agreement to acquire Socash, a Singapore-based alternative payments network platform. Socash brings together financial institutions and digital commerce merchants into a thriving network that allows consumers to deposit, withdraw, and make payments with cash from more than 30,000 local shops, cafes, and grocery stores.
The acquisition provides Nium with the team and technology to enable multiple forms of local payment acceptance for digital commerce, especially in emerging markets. Cash is still a preferred method of payment across the Asia Pacific and Latin American markets, and the acquisition of Socash allows Nium to accept cash for transactions online – bridging the physical and digital worlds. Together, Nium and Socash become the full-stack, platform-of-choice for global merchants with capabilities for local acceptance, multicurrency accounts, foreign exchange, and global payouts.
The acquisition is expected to close in Q3 2022, subject to customary regulatory closing conditions.
“The Socash team has built an impressive platform that bridges payments in the digital space with payouts in the physical world,” said Pratik Gandhi, Co-founder and COO of Nium. “When compared to current in-app payment costs, we estimate Socash saves up to 30 percent in commissions paid. With this acquisition, Nium can offer a lower-cost payment processing alternative for digital merchants, spanning local payment acceptance through to global payouts.”
Alternative payment methods (APMs), including e-wallets, real-time bank transfers, and electronic cash have seen a surge in growth globally as an easier way to transact online. According to the World Bank, 45 percent of global consumers already use a mobile wallet, versus 18 percent of consumers who rely on credit cards for payments – online and offline. Cash acceptance for online transactions, from bill payment to in-app purchases, is still a popular use case, especially for 1.7 billion people who the World Bank estimates remain unbanked. This acquisition makes for a more inclusive financial system, where global consumers are given the power to pay as they choose.
Nium is the global platform for modern money movement. It provides banks, payment providers, and businesses of any size with access to global payment and card issuance solutions. Its modular platform powers frictionless commerce, helping businesses pay and get paid across the globe. Once connected to the Nium platform, businesses are able to pay out in more than 100 currencies to over 190 countries – 85 of which in real time. Funds can be received in 27 markets, including Southeast Asia, UK, Hong Kong, Singapore, Australia, India, and the US. Nium’s growing card issuance business is already available in 34 countries, including Europe (SEPA), the UK, Australia and Singapore. Nium’s license portfolio covers 11 of the world’s jurisdictions, enabling seamless global payments and rapid integration, regardless of geography.
Nium was named among “Financial Times APAC High-Growth Companies” and “Best B2B Payment Platform at Future Digital Awards” in 2021.
For more information, visit: https://www.nium.com
There are many Real Estate agent in Bali But I will always use thiss particular agent.
buy arimidex 1mg without prescription order anastrozole 1 mg pill arimidex drug
clarithromycin us catapres 0.1 mg sale buy meclizine
naproxen 250mg pills lansoprazole 30mg without prescription buy lansoprazole generic
tiotropium bromide 9mcg pill order minocycline buy terazosin 1mg pills
albuterol 100 mcg without prescription brand proventil 100 mcg ciprofloxacin 1000mg canada
order actos for sale viagra 200mg price viagra 100mg us
montelukast for sale online cialis viagra sales viagra 100mg sale
buy cialis 20mg sale Get cialis best poker online real money
roulette online real money casino online slot machine games
ivermectin 4 mg dapsone us oral avlosulfon 100mg
casinos online rivers casino caesars casino online
adalat price buy adalat pills allegra pill
casino games online crazy poker games where can i buy an essay
order ramipril 5mg online buy amaryl 1mg for sale order arcoxia 120mg
help writing a paper help with essays order sulfasalazine pills
order doxycycline without prescription doxycycline 100mg canada cleocin pill
olmesartan 10mg cheap buy depakote 500mg online cheap depakote 250mg generic
buy asacol 800mg generic azelastine online order cheap avapro
clobetasol price oral amiodarone order cordarone generic
diamox 250mg ca imuran 50mg usa azathioprine 25mg pills
purchase digoxin pill molnunat 200 mg ca molnupiravir cheap
amoxicillin price stromectol 12mg pill ivermectin 3mg for lice
brand alendronate 35mg buy motrin 600mg online buy motrin online cheap
priligy 60mg uk buy avana 200mg pill domperidone 10mg us
nortriptyline 25 mg pills order paroxetine online cheap buy paxil generic
buy indomethacin 75mg generic order tamsulosin 0.4mg for sale order cenforce 50mg sale
buy doxycycline without prescription methylprednisolone medicine medrol 8 mg over the counter
cost requip 1mg rocaltrol oral order trandate 100 mg
The mosxt beneficial NFTs tօ buy, bᥙt, generаlly speaking, tһey are ones with a strong network oг artwork tһɑt personally appeals to yߋu.
purchase tricor online brand viagra 100mg cost of viagra 100mg
order tadacip generic trimox uk order trimox generic
cialis 5mg Buy generic cialis viagra brand
order esomeprazole 40mg clarithromycin pill brand furosemide
order cialis 10mg for sale Canadian pharmacy cialis pfizer where to buy ed pills online
minocin price cheap gabapentin terazosin usa
provigil 200mg usa provigil ca promethazine online buy
buy glucophage 1000mg online buy nolvadex 20mg pills tamoxifen 20mg pills
Hello еveryone, it’s my first pay a visit att tһis web page, ɑnd article is in
these types of content.“오피뷰”
deltasone order online buy accutane 20mg generic cheap amoxil 250mg
cost clomid 50mg cheap clomid 50mg prednisolone 40mg uk
purchase sildenafil pill purchase pregabalin for sale propecia order online
oral ivermectin cost order stromectol 3mg pills buy deltasone 20mg
buy ventolin 4mg online cost ventolin 2mg augmentin 1000mg price
brand accutane buy accutane online zithromax 500mg ca