Nium, a leader in real-time global payments, and Ebury, a specialised FinTech catering to SME transactions, have unveiled an innovative cross-border payment service tailored for Brazilian businesses. This strategic alliance marks a significant milestone, following Ebury’s regulatory approval for the acquisition of Brazilian FinTech Bexs, comprising Bexs Banco and Bexs Pay, now operating under the Ebury Bank umbrella in Brazil.
The partnership aims to empower Brazilian SMEs with seamless, efficient, and cost-effective cross-border payment solutions. Leveraging Ebury’s extensive presence in the FinTech sector and Nium’s robust global payment infrastructure, the initiative seeks to revolutionise international transactions for businesses in Brazil. Notably, Ebury’s utilisation of Nium’s payment infrastructure in Europe for international supplier and payroll payments serves as a testament to the efficacy of this collaboration.
By integrating Nium’s bulk cross-border payment solutions with Ebury’s comprehensive payment flows, the alliance endeavours to enhance connectivity between Brazil and emerging markets previously out of reach. This initiative holds the promise of introducing unparalleled security and efficiency to cross-border transactions, thereby offering significant benefits to the Brazilian market.
Luiz Henrique Didier Jr., Executive Director of Ebury Bank in Brazil, emphasised the transformative potential of the partnership, stating, “Our mission is to connect Brazilian consumers to the world and the world to Brazil’s consumer ecosystem. And the best way to do this is to use high-technology solutions and global coverage, such as those offered by Nium, which bring security and effectiveness to transactions.”
Christina Hutchinson, General Manager, Brazil, and Head of Business Development, LATAM at Nium, echoed this sentiment, expressing excitement about the venture’s potential to drive digital payment innovation in Brazil. She noted, “We are thrilled to expand our existing collaboration with Ebury in Europe to help Brazil’s underbanked SME and consumer population access more affordable and efficient ways to send and receive money.”
As Nium solidifies its foothold in Latin America with a dedicated office in Sao Paulo, the partnership with Ebury signifies a landmark bank collaboration in Brazil, poised to catalyse digital payment innovation and address the evolving needs of businesses and individuals in international transactions.
