The collaboration broadens GC Partners’ currency offering in Asia and improves access to a number of key Asian markets for their customers.

According to a recent Bloomberg article, the UK government and businesses are focused on deepening partnerships in the Asia-Pacific region and doubling down on promoting free trade and digital partnerships. India is also one of the priority countries for trade and investment for the UK. According to a report by Grant Thornton the cumulative inflow (2000-2020) to India from the UK is estimated at USD 29.5 billion, which represents about 6% of the total Foreign Direct Investment (FDI) in India.

“Our global platform enables companies, such as GC Partners to move fast, deliver for less and act hyper-local in any market targeted for international expansion. Asia is most certainly a region we have extremely well covered in terms of licencing, local partnerships with banks and regulators. We are happy to contribute to the GC Partners’ expansion in these key markets and to be able to open new pathways into Asia for the company,” says Frederick Crosby, Chief Revenue Officer at Nium.

As we continue to invest heavily in new markets, technology, broader service offerings and our most important resource - people, gaining access to Nium’s payments infrastructure, licence network and solid reputation was the right step to take to help us provide the best pay-out solutions for our clients We’re delighted to be able to satisfy the demands of our clients who are excited about the significant opportunities that Asia presents,” says Andrew Fundell, Chief Commercial Officer.

Nium’s pay-out capability will enable GC Partners to provide:
• Seamless B2B and B2B2C cross-border payments for customers in INR, IDR, PHP, KRW, LKR, THB, MYR, VND and NPR
• Access to multiple real-time payment corridors
• Instant, speedy settlements