Fintechs Bano and Nium partner to enhance digital payments for international students in Australia

Australian fintech Bano has partnered with global payments platform Nium to expand their digital payment offerings, which are designed to support digital-native young Australians and international students. The partnership comes as the Australian government announces plans for the rapid recovery of the nation’s $40 billion international student sector.

Through this partnership, Bano will integrate with Nium’s next-generation financial services platform to offer card and payment services through the Bano app – an all-in-one app designed to simplify digital payments and investment services. The app gives customers access to e-wallets, cross-border payments, multi-currency accounts, Australian and international share trading, and other financial services. By integrating with Nium’s platform, Bano can now offer customers physical cards as well as virtual cards via Apple Pay and Google Pay.

Frederick Crosby, Chief Revenue Officer at Nium, said, “We are delighted to support Bano as they rapidly scale their digital payment offerings across the country. Like Bano, we understand how important it is for young people to have access to seamless financial services – particularly international students. We look forward to working together in our shared mission of bringing fast and light payment experiences to more people across Australia.”

Bano cards issued to Australian-based customers can be used in over 200 global markets and at 70 million merchant acceptance locations worldwide, wherever there is a Visa acceptance mark.

Paul Reynolds, Chief Operating Officer at Bano, added, “Nium is the perfect partner for Bano, as we see them as an innovative and scalable fintech platform. With Nium’s help, we can deliver an extensive range of financial services through a single app, providing our young customers with the best digital payment experience they demand and deserve. We are excited to continue this partnership and introduce further payment innovations for our customers into the future.”

Bano customer cards can be accessed and managed via the Bano app and can be used for a variety of payment needs – such as merchant payments, online purchases, paying bills, university fees, and split bills.