Nium partners with Visa to offer card issuance in Australia
Nium, a global financial technology platform, has become a Visa issuer in Australia as part of its membership in Visa’s Fintech Fast Track programme. With this licence, Nium is able to provide end-to-end issuing, processing and onboarding services, and shorten the lead time for Visa card issuance to just four to six weeks.
Nium plans to use the issuance license to extend its portfolio to clients in Australia and beyond, providing end-to-end B2B and B2C issuing services globally. Through this partnership, Nium will be able to:
- Conduct real-time funds transfers to both physical and virtual Visa Credit and Debit cards, for instance, deposition of payroll into Visa cards
- Enable secure digital payments through tokenization for in-stores, online payments and at ATM points
- Unlock simple payment experiences for businesses and consumers around the world through multi-currency cards with multi-pocket/wallet spend management features
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Source: Nium Partners with Visa to Offer Card Issuance in Australia
