August 11, 2022

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Bano and Nium to enrich electronic payments for global learners in Australia

This partnership enables Bano to develop its existing electronic economical provider choices for digital-indigenous youthful Australians and intercontinental learners in Australia

MELBOURNE, Australia, Sept. 6, 2021 /PRNewswire/ — Australian fintech Bano has partnered with primary global payments platform Nium to develop their electronic payment offerings, which are made to help digital-native younger Australians and international students. The partnership comes as the Australian federal government announces designs for the speedy restoration of the nation’s $40 billion international university student sector.

Nium Emblem (PRNewsfoto/Nium)

By way of this partnership, Bano will combine with Nium’s upcoming-technology financial expert services platform to present card and payment providers by the Bano app – an all-in-a person app created to simplify electronic payments and financial commitment providers. The application gives prospects obtain to e-wallets, cross-border payments, multi-currency accounts, Australian and international share trading, and other money services. By integrating with Nium’s platform, Bano can now give consumers bodily playing cards as effectively as digital playing cards by way of Apple Fork out and Google Spend.

Frederick Crosby, Main Profits Officer at Nium, claimed, “We are delighted to support Bano as they quickly scale their electronic payment offerings throughout the nation. Like Bano, we comprehend how vital it is for youthful men and women to have obtain to seamless economic expert services – specifically intercontinental students. We appear forward to doing work collectively in our shared mission of bringing speedy and light payment activities to far more individuals across Australia.”

Bano playing cards issued to Australian-based consumers can be applied in more than 200 worldwide markets and at 70 million merchant acceptance destinations globally, wherever there is a Visa acceptance mark.

Anthony Jones, Head of Innovation and Partnerships for Australia, New Zealand and South Pacific, Visa, mentioned, “We are thrilled to be element of this mission to deliver worldwide learners and youthful Australians with seamless and safe electronic payment encounters, with a card that can be utilized any where Visa is approved. This is genuinely an exciting time for fintech in Australia and Visa is proud to support new improvements that simplify, nevertheless improve, the way we spend.”

Paul Reynolds, Main Working Officer at Bano, added, “Nium is the best associate for Bano, as we see them as an impressive and scalable fintech platform. With Nium’s assistance, we can provide an in depth vary of fiscal providers as a result of a solitary app, providing our young consumers with the ideal electronic payment working experience they demand from customers and have earned. We are excited to carry on this partnership and introduce further more payment improvements for our consumers into the foreseeable future.”

Nium’s card option will empower Bano to:

  • Get started issuing cards to buyers in as tiny as 4 weeks

  • Challenge virtual or actual physical playing cards for prospects in Australia that can be applied anywhere Visa is approved

  • Empower its buyers to handle playing cards, shell out boundaries and additional, all via one app

Bano shopper cards can be accessed and managed through the Bano app and can be employed for a wide range of payment wants – this kind of as service provider payments, on line buys, spending expenses, university expenses, and split charges. Bano and Nium are on the lookout forward to extending their deep co-procedure to deliver a lot more revolutionary and reducing-edge functions to Bano’s consumers.

About Nium

Nium is a foremost B2B financial expert services engineering system that seamlessly connects companies to the world’s payment infrastructure with a solitary API. Nium’s modular system removes the complexity from world payments and allows banking companies, payment suppliers, travel organizations, and other businesses to embed fiscal services, like systems for pay back-outs, pay out-ins, card issuance, and banking-as-a-service, in months, not months. After connected to the Nium system, businesses can acquire and disburse resources in community currencies to in excess of 100 nations, additionally situation actual physical and digital playing cards globally. Nium owns licenses in 11 of the world’s major and swiftest-escalating jurisdictions to enable seamless world-wide payments, throughout geographies.

Nium is portion of CB Insights Fintech 250, which highlights the most promising Fintech corporations globally. The company just lately became the first international B2B payments unicorn from Southeast Asia.

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About Bano

Bano is a fintech founded in August 2020 to offer a lender-option for youthful Australian customers and firms. The Bano application combines the very best merchandise and services from Australia and all-around the planet. Bano’s attributes contain a totally free account, true-time transfers (NPP), break up-monthly bill payment, BPay, Apple Shell out, Google Shell out and on the net payments with enhanced security functions. New options out there in the coming months incorporate multi-currency accounts, Forex, worldwide remittance, and Australian and international shares buying and selling.

Join with Bano at or on Facebook or Instagram.

Source Nium