Nium, the global platform for modern money movement, today announced the availability of real-time payments into Malaysia, further strengthening the company’s real-time payments capabilities across the globe. Nium has now added Malaysia to its global payment market, processing over 75% of all transactions in real-time. This brings the total number of real-time payment markets for Nium to 100.
GlobalData reports that Malaysia’s real-time payments transactions reached 1.1 billion in 2021. This represents an estimated $US434 Million cost savings for consumers and businesses. The report forecasts that real-time transactions in Malaysia will reach 3.6 billion by 2026.
“More countries are turning to Nium to bring their legacy systems into the modern age,” Pratik Gandhi is the COO and cofounder of Nium. “We enable money to move around the world – instantly, easily, and securely – while helping businesses position themselves for more opportunities in the digital future.”
Nium has a unique opportunity to assist global businesses in achieving faster payments, better liquidity management, satisfying customers and ultimately allowing them to grow faster.