Partnership enables GC Partners to enter new territories and provide improved pay-out services to its customers in local currencies.
LONDON, 10, August, 2021 – GC Partners, a leading payment and FX specialist, announced today a partnership with global payments leader, Nium, for pay-out network capabilities to key Asian markets, such as India, Indonesia, the Philippines, South Korea, Sri Lanka, Thailand, Malaysia, Vietnam, and Nepal. The collaboration broadens GC Partners’ currency offering in Asia and improves access to a number of key Asian markets for their customers.
According to a recent Bloomberg article, the UK government and businesses are focused on deepening partnerships in the Asia-Pacific region and doubling down on promoting free trade and digital partnerships. India is also one of the priority countries for trade and investment for the UK. According to a report by Grant Thornton the cumulative inflow (2000–2020) to India from the UK is estimated at USD 29.5 billion, which represents about 6% of the total Foreign Direct Investment (FDI) in India.
“Our global platform enables companies, such as GC Partners to move fast, deliver for less and act hyper-local in any market targeted for international expansion. Asia is most certainly a region we have extremely well covered in terms of licencing, local partnerships with banks and regulators. We are happy to contribute to the GC Partners’ expansion in these key markets and to be able to open new pathways into Asia for the company,” says Frederick Crosby, Chief Revenue Officer at Nium.
As we continue to invest heavily in new markets, technology, broader service offerings and our most important resource – people, gaining access to Nium’s payments infrastructure, licence network and solid reputation was the right step to take to help us provide the best pay-out solutions for our clients We’re delighted to be able to satisfy the demands of our clients who are excited about the significant opportunities that Asia presents,” says Andrew Fundell, Chief Commercial Officer.
Nium’s pay-out capability will enable GC Partners to provide:
- Seamless B2B and B2B2C cross-border payments for customers in INR, IDR, PHP, KRW, LKR, THB, MYR, VND and NPR
- Access to multiple real-time payment corridors
- Instant, speedy settlements
Nium removes the complexity from global payments by connecting businesses to the world’s payment infrastructure with a single API. Its modular platform allows banks, payment providers, travel companies, and other businesses to embed financial services in weeks, not months. Nium services include the ability to collect and disburse funds in local currencies to over 100 countries, plus issue physical and virtual cards globally. Nium owns licenses in 11 of the world’s largest and fastest-growing jurisdictions to enable seamless global payments, regardless of geography.
Nium is part of CB Insights Fintech 250, which highlights the most promising Fintech companies globally. For more information, visit: http://www.nium.com
About GC Partners
GC Partners is a specialist financial services provider, helping businesses and individuals to save time & money when transferring funds overseas for over 18 years. As a purely employee-owned business, GC Partners places customer service at the heart of its offering and to date, has helped over 150,000 clients send payments to over 125 markets worldwide whilst achieving one of the industry’s highest ratings on Trustpilot. GC Partners is authorised by the FCA and has offices in UK, Europe, and the Middle East.
For more information, visit https://www.gcpartners.com