Nium and the Stellar Development Foundation announced a partnership enabling businesses to send fiat payouts to 190 countries via Stellar without pre-funding requirements, leveraging Nium's API and regulatory licenses across 40+ countries.
Nium, a global money movement platform, partnered with the Stellar Development Foundation to enable near-instant cross-border payouts to 190 countries. The integration provides an API connection conforming to Stellar interoperability standards, allowing businesses to facilitate fiat payouts without pre-funding local treasuries. Nium offers real-time payment capabilities in over 100 currencies, regulatory licenses in 40+ countries, and card issuance in 34 countries. The partnership benefits payment senders accessing new markets and Stellar-connected wallets expanding into new countries. This integration demonstrates blockchain-powered solutions improving upon traditional correspondent banking by reducing settlement risk and accelerating fund receipt.
