Ebury, a fintech company specializing in transaction services for SMEs, announced an expanded partnership with Nium, a global leader in real-time payments.。The partnership was approved by Ebury after it acquired Brazilian fintech company Bexs (including Bexs Banco and Bexs Pay) in October 2023.。The agency operates in Brazil under the name Ebury Bank, reflecting the local foreign exchange banking license it holds in Brazil.。

Integration of Nium's cross-border payment solutions with Ebury

Nium and Ebury aim to leverage Nium's global payments infrastructure to jointly facilitate fast, reliable and affordable cross-border payments to and from Brazil。Ebury leverages Nium's infrastructure for international supplier and payroll。

Luiz Henrique Didier Jr., Executive Director of Ebury Bank Brazil: "Our mission is to connect Brazilian consumers with the world, connecting the world with Brazil's consumer ecosystem.。The best way to achieve this is to use high-tech solutions and global coverage, such as those from Nium.。"

Nium's cross-border payment solutions will be integrated into Ebury's payment processes to increase the speed, efficiency and cost-effectiveness of international transactions。In addition, the partnership will expand Brazil's connectivity to new emerging markets.。Nium's payment network currently supports payments in more than 100 currencies to more than 190 countries, 100 of which are real-time payments.。

Brazil's digital payments market potential and innovation leadership

With Latin America and the Caribbean as a strategic growth market, Nium opened a local office in São Paulo in August 2023, marking Nium's official entry into the region.。The partnership with Ebury is Nium's first banking partnership in Brazil。

Ebury partners with Nium to launch global payments business in Brazil, strengthening services to SMEs。Press Release February 22, 2024。

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Brazilian government statistics show that the total volume of transactions in the Brazilian digital payment market is expected to reach $170 billion in 2024, with more than 21 million SMEs and a population expected to exceed 2..1.5 billion。

Christina Hutchinson, General Manager of Nium Brazil and Head of Business Development for Latin America and the Caribbean, highlights Brazil's leading potential in digital payments innovation。She stressed the importance of the partnership in providing more affordable and efficient payment solutions for underserved SMEs and consumers in Brazil.。