Singapore-based fintech platform Nium has partnered with Costa Rica-based fintech platform Teledolar to expand its presence in Latin America (LATAM) market.
Under the latest partnership, Nium will provide a faster and convenient outbound payments experience to Teledolar’s customers.
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Nium will use fintech tools to enhance business efficiencies and the customer experience in the LATAM market.
Through this partnership, Teledolar customers will be able to make real-time outbound payments to the UK, Europe, and the US markets, among others.
Commenting on the partnership, Teledolar CEO Juan Carlos said: “Teledolar strives to meet the evolving needs of our clients for global wire transfers through continuous improvements and growth to our services.
“We are proud and excited at the opportunity to be Nium’s first partner in Costa Rica, and look forward to offering our clients better services that are more efficient, secure, and provide greater transparency.”
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By GlobalDataTeledolar is said to be the first partner of Nium in Costa Rica.
The company will help the fintechs, banks, and financial institutions in LATAM digitize their solutions and offer them to end customers.
Nium global head of institutional sales Rohit Bammi said: “Teledolar has been instrumental in creating a fintech platform for consumers, SMBs, banks, and financial institutions in Costa Rica to move funds overseas in a more convenient manner, and we are excited to work with them to deliver a better, more convenient and faster remittance experience for their customers.”
Nium currently allows consumers and businesses to send, spend, and receive funds in 100 countries.
Recently, Nium became the Visa card issuer in Australia and Europe.
