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Jul 19, 2023

Fintech Nium Enhances Global Payroll Payments Solution, Provides Transparent Foreign Exchange (FX) Rates

June 5, 2023 @ 10:38 pm By Omar Faridi Nium , the firm focused on real-time

June 5, 2023 @ 10:38 pm By Omar Faridi

Nium, the firm focused on real-time global payments, has enhanced its market-leading payroll payments solution to support the complex needs of payroll platforms worldwide.

Nium's payroll solution "simplifies global growth for a majority of payroll platforms, including Panther, a provider of global employment, payroll, benefits, and contractor software that can be integrated with an HR tech stack."

In addition to expanded network and currency coverage in Canada, Middle East, Latin America, and other world regions, new enhancements to this offering include:

Robin Gandhi, CPO of Nium said:

"Global payroll is complex. Every country has different regulations, including tax laws, employment laws and data privacy laws which make the compliance process tricky, and that's what payroll platforms do best. However, getting money to every employee or contractor on payday in their preferred account, on-time, and across multiple geographies is not easy. With our global payments network and payroll specific functionality, we make payroll seamless, so platforms don't have to worry about the technical and legal lift to send money across the world knowing that their employees will have access to funds when they need them."

Matt Redler, CEO and Co-founder of Panther, said:

"We trust Nium to move funds reliably, quickly, and compliantly around the world and across different corridors. We consider their payroll solution a trusted component of our engine. Specifically, their transparent FX capabilities allow us to price our FX revenue stream in a competitive way. We’re excited about Nium's payroll enhancements and our continued partnership."

Nium's payroll solution "goes beyond the ordinary, offering a comprehensive suite of products to empower global payroll platforms and businesses to seamlessly onboard, transact and manage payroll for employees and contractors worldwide, including competitive FX, built-in compliance, real-time payments, security offerings, zero-deduction wire transfers, and multiple market coverage."

However, the company understands "that payroll is not merely a transactional process; it is mission critical money movement that holds the power to impact lives and it's important to have a partner businesses can trust."

By leveraging Nium's global payment platform, platforms and businesses can put their trust in Nium while they focus "on growing globally with improved operational efficiency and exceptional customer experience."

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