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Nium and Kapronasia Partner to Shed Light on Cross-border B2B Payment Challenges in Asia
The launch of the paper is the first of many activations Nium has planned for Money 20/20 Asia
SINGAPORE, April 19, 2024 /PRNewswire/ — Nium, the global leader in real-time, cross-border payments, and Asia’s leading payments, banking, and capital markets research firm, Kapronasia, today launched “Breaking Borders: The Revolution of Real-Time Cross-Border B2B Payments in Asia“ – a new data-backed white paper that addresses cross-border B2B payment challenges, current initiatives, and the important role of intermediaries.
In global commerce, cross-border B2B payments are crucial, yet hindered by complexity, high costs, and slow processing times. These challenges, compounded by diverse regulatory environments, can erode profitability and stall growth. There’s a pressing need for innovation and reform in cross-border payments. In the paper, readers will learn more on how fintech solutions and regulatory harmonization efforts promise to simplify processes, reduce costs, and speed up transactions. The research calls out initiatives, such as SWIFT GPI, Project Nexus, and ASEAN’s Regional Payment Connectivity, alongside emerging technologies, that signal a brighter future for cross-border transactions. Download the paper to see the data and learn more.
“Cross-border B2B payments are critical, but they face formidable challenges – from outdated systems to regulatory complexities,” said Zennon Kapron, Founder and Director of Kapronasia. “Our latest research, in collaboration with Nium, sheds light on this critical issue. As we chart the course forward, it’s evident that transformative change is imminent. Intermediaries like Nium play a pivotal role in this journey, bridging gaps and reshaping the landscape of global commerce. However, this transformation demands collective action to overcome technological and regulatory hurdles. Yet, the vision is clear – a world where cross-border transactions flow seamlessly, fostering collaboration across borders.”
The launch of the paper is a part of a wider push leading into Money 20/20 Asia in Bangkok, Thailand (April 23-25). Nium plans to take the city by storm with announcements, panels, and parties, that highlight its expansion in the region.
The company will be making three blockbuster announcements during the event:
- First, in a bold move to fortify its regional footprint, Nium is expanding its presence in Indonesia and will be signing an MOU at Money 20/20 with a pioneer in the Indonesian fintech space. Nium has also made headway into the dynamic landscape of Korea with the official launch of a key Korean bank, marking a pivotal milestone in its expansion journey and supporting its mission to further financial inclusion, globally. The company has already made waves in Thailand, where it powers four of the country’s premier banks;
- Second, Nium will be announcing its first ever Chief Payments Officer. With this newly-created position, Nium sets itself up to closer align itself with partners across the payments ecosystem. Nium’s CPO will work across Nium’s markets, leading the company’s Global Banking and Payment Operations teams;
- Finally, Nium will be show continued momentum in the exploding travel payments space, announcing a partnership with a leading global payments processor to issue virtual cards in the APAC region. By 2027, virtual card transactions industry-wide are expected to exceed 121 billion as travel intermediaries and their suppliers look for modern solutions to streamline payments.
Nium will be very visible on the event’s main stages:
On April 23 at 10:00 a.m. in a session titled, “Travel in China: The Next Big Niche,” Richard Cogswell of Nium Travel will sit down with Jensen Cai, Head of Hong Kong at Triplink and Betsy Samuel, Chief Marketing Officer at Thredd to talk China travel trends and the future of payments in China and beyond.
Then at 3:00 p.m. on the Vision Stage, in one of the conference’s most anticipated panels titled, “Beyond Competition: How Asian Payments Leaders are Shaping the Future Together,” Nium’s EVP and GM of APAC and MEA, Anupam Pahuja, will join banking leaders Rajnish Pal, Founding Member at ZING by HSBC and Shun De Ng, Group Head of Payments at DBS, to discuss competition and cooperation in fintech. The talk will be moderated by global banking industry expert, Alexandra Johnson.
After all the excitement from the first two days of the conference, Nium and Beacon Venture Capital will invite attendees to unwind at Nium @ Nite Market with street food, drinks and music on April 24 from 6:00 PM to 8:00 PM at the Marriott Marquis Queen’s Park.
Finally, the Nium team will be on the ground at booth #1002 throughout the conference to provide free global payments assessments, answering questions on a range of topics, including:
- How to take advantage of Nium’s 100+ real-time markets to help your business grow;
- How to manage FX better by collecting and holding funds in a Nium multi-currency wallet;
- How issuing physical or virtual cards can streamline vendor payments and control employee expenses;
- How a global account strategy can streamline global payouts; and,
- How real-time payouts can help your business grow
Register for our event, book a meeting, and find out about more Nium’s presence here.
About Nium
Nium, the leader in real-time, cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 190+ countries, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets. Nium’s growing card issuance business is already available in 34 countries. Nium holds regulatory licences and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore.
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eWTP Arabia Capital’s Technology Fund I Recognized as Top Performing VC Fund in the Preqin League Tables
RIYADH, Saudi Arabia, May 19, 2024 /PRNewswire/ — eWTP Arabia Capital Technology Fund I (“Techology Fund I”), managed by eWTP Arabia Capital (“eWTPA”), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the US$250 Million to US$499 Million category by net Internal Rate of Return (IRR) for vintages between 2015-2020.
“We’re delighted by the recognition of our Technology Fund I as a top-performing VC fund in our sector,” expressed Jessica Wong, Founder and Managing Partner of eWTPA. “This milestone underscores the commitment of our team and the robustness of our investment strategy. It also underscores the significant growth potential of the Middle East and North Africa market, particularly in Saudi Arabia, warranting attention. As a pivotal driver of technological advancement in the region, we’re steadfast in our mission to empower entrepreneurs and deliver value to our investors.”
“Being recognized by Preqin validates our hard work and dedication to supporting and actively contributing towards building the Saudi digital ecosystem,” said Jerry Li, Founder and Managing Partner of eWTPA. “As eWTPA continues to grow and expand its investment portfolio, it remains committed to fostering innovation and driving positive change in Saudi, the GCC and the global emerging markets ecosystem.”
eWTPA has demonstrated exceptional performance, solidifying its position among industry leaders. This recognition underscores eWTPA’s commitment to identifying high-potential market opportunities and generating returns for its investors.
The Preqin League Tables are regarded as a comprehensive and authoritative ranking system for private equity and venture capital performance. Preqin, a leading data provider in the alternative assets industry, compiles these league tables based on various performance metrics, including net Internal Rate of Return (IRR) and other key indicators.
eWTPA’s success reflects its strategic approach to investing high-growth sectors in the MENA region. The firm’s portfolio includes a diverse range of companies poised to make a significant impact on their respective industries.
Acting as a bridge between Asia and the Middle East, eWTPA’s Technology Fund I has achieved significant success since its inception in 2019. The Fund has invested in over 18 companies, several of which have successfully established themselves in KSA, like J&T Express, Raha, Sahm and COFE.
About eWTPA:
Founded in 2019, eWTP Arabia Capital is an investment firm based in Saudi Arabia and China. Backed by marquee regional and international Sovereign Wealth Funds, Institutional investors, and family offices, eWTPA helps create robust local digital ecosystems in the MENA region by partnering with market-leading international businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. To date, eWTPA has invested in over 18 companies, 13 of which have already established themselves successfully in KSA.
Media contact:
Haile Liao
+966 0530868568
[email protected]
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