Nium powers cross-border payments for Cambodia’s PhillipBank
Nium, the recently-rebranded digital cross-border payments platform, has announced that it will power cross-border payments for the clients of PhillipBank, one of Cambodia’s fast-growing banking groups, across its network.
Announcing the partnership with PhillipBank, Prajit Nanu, co-founder and CEO of Nium says: “We are delighted to be working together with PhillipBank to power their outward remittances.”
Nium, formerly known as InstaReM, already powers payments for four of the top ten Southeast Asian Banks and leading financial institutions across the globe. The partnership with PhillipBank helps Nium further strengthen its position as a dominant player in the institutional payments space in Southeast Asia.
Ong Teong Hoon, CEO of PhillipBank, believes that this is a significant partnership for PhillipBank at an exciting stage in its evolution.
“With Cambodian businesses and institutions increasingly engaging with their global counterparts exploring new possibilities for collaboration, we must expand our cross-border payment capabilities into key markets across the world. We are already witnessing increasing demand from our customers for cross-border payments services. We are confident that Nium’s services will complement our offering and further strengthen our capabilities in serving our clients,” says Hoon.