Global payments platform Nium today revealed it has made available real-time payments into Malaysia. The move further strengthens the company’s real-time payments capabilities across the globe.
With the expansion in Malaysia, Nium now processes more than 75% of transactions globally in real-time, and increases its total real-time payment markets to a 100 countries.
GlobalData estimates that in 2021 Malaysia registered 1.1 billion real-time payment transactions and accounted for $US434 million cost savings for businesses and consumers. According to the report’s forecast, real-time transactions in Malaysia will grow to 3.6 billion in 2026.
Pratik Gandhi, COO and co-founder at Nium, said:
More countries are turning to Nium to bring their legacy systems into the modern age. We enable money to move around the world – instantly, easily, and securely – while helping businesses position themselves for more opportunities in the digital future.
The real-time payments in Malaysia, as well as in other emerging markets, expecting to grow in the coming years puts Nium in a position to help global businesses drive faster payments, better manage liquidity, satisfy their customers, and ultimately grow their business faster across the globe.