Nium expands partnership with Kinexys by J.P. Morgan
Latest news
Nium expands partnership with Kinexys by J.P. Morgan 08 November 2024Malaysia Reporter: Clelia Frondaroli
Image: david_leshem/stock.adobe.com
Nium has expanded its partnership with Kinexys by J.P. Morgan, to begin providing data that will validate bank account details used in international payments across southeast Asia.
The solution will provide data to Confirm, a platform developed by Kinexys by J.P. Morgan. It aims to validate beneficiary account details prior to payment, which the companies say will reduce the occurrence of errors and failed payments during cross-border transactions.
Nium will offer the solution across Malaysia, Thailand and Hong Kong, and is said to provide customers with more secure and efficient transactions throughout those regions.
Zack Chestnut, global head of business development for Kinexys Liink and Kinexys Digital Payments, comments: “The additional markets for which Nium is able to provide data coverage will expand Confirm’s significant global reach even further, providing incremental value to inquiring participants on the network.”
Chief payments officer at Nium, Alex Johnson, adds: “We are excited to deepen our relationship with Kinexys by J.P. Morgan and move closer towards our shared goal of providing businesses with faster, more secure, and reliable payment experiences in the rapidly growing APAC region.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: david_leshem/stock.adobe.com 