Nium and the Stellar Development Foundation announced a partnership enabling fiat payouts to 190 countries via Stellar. Businesses can now leverage Nium's API to facilitate near-instant cross-border payments without prefunding local treasuries, combining Nium's global reach with Stellar's blockchain infrastructure.
Nium, a global money movement platform, partnered with the Stellar Development Foundation to enable fiat payouts across 190 countries on the Stellar network. The integration provides businesses with an API connection conforming to Stellar interoperability standards, allowing them to send payments globally without building custom payment infrastructure. Nium's regulatory licenses in over 40 countries and real-time payment capabilities eliminate prefunding requirements and reduce settlement risk compared to traditional correspondent banking. The partnership benefits both payment senders accessing new markets and Stellar-connected wallets expanding into additional countries through Nium's fiat on/off ramps.