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Cross-border payments are a dynamic domain powered by consistent innovation; the need to seamlessly connect businesses, suppliers, workforces, customers, and other stakeholders is the foundation of emerging and developed economies alike. We had the pleasure of sitting down for a quick discussion wit
The shape of work is changing rapidly as new opportunities for direct, gig, and freelance careers arise. Additionally, organizations have discovered that they do not need to employ all their employees in one place: remote workers can be productive with just a few people, local or international, depe
Air travel is a complex ecosystem, with many stakeholders involved, from booking to arrival at the destination, all linked by payments. However, when it comes to moving money, the burden falls harder on airlines, and these costs add up. In 2019–the last tracked year of ‘normal’ air travel–airlines s
Travelers love online travel agents (OTAs). Today, 41% of travelers admit they prefer booking via OTAs, while 29% book direct and 29% book via travel agents. This is reflected in the immense value in the market, with the online travel industry generating revenue worth more than $800 billion in 2021
With the Men’s T20 World Cup officially going home to new champions, we’re pleased to share our last blog of the change-makers series. Allowing us to open the doors to sharing the lessons behind the scenes from our selected leaders at Nium; we hope that you enjoyed being a part of these enlightening
All over the world, the shape of work is changing. Today, there are an estimated 1.1 billion freelancers worldwide – many of which work with clients overseas. For businesses and workers, however, this presents a number of payment challenges. Costly cross-border payment fees eat into businesses’ bott
Every day, more than 250 million migrant workers send money to friends and family back home. This year, the World Bank predicts remittance flows to low- and middle-income countries to reach a record USD 630 billion, with the United States remaining the largest single source of remittances. While the
Business is increasingly global, digital, and flexible. To meet the needs of the market, digital platforms are playing an ever greater role in the global economy, growing from a small corner of business activity to what MIT refers to as a ‘global phenomenon’. As the platform concept expands and resh
By Dzmitry Mikhaliov Trade is becoming increasingly global and challenging to navigate through the ever-growing global regulatory complexities, capital controls, and the necessity to reach emerging markets. This is especially the case for digital goods merchants, with products not restricted by bor
Mid to large-sized corporations have a vast international presence; this, in turn, has a significant effect on travel expenses incurred by executives to unite, collaborate, and close deals that matter. This raises several important questions- how streamlined is the cost management system, and how ca
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