TORONTO - May 1, 2024 - Today, Borderless AI, a leading Employer of Record (EOR) services provider, announced its strategic partnership with Nium, the global leader in real-time, cross-border payments, aiming to revolutionize cross-border payments in the EOR industry. This collaboration marks a significant milestone in enhancing efficiency, transparency, and speed in global employment and payroll solutions.
The traditional EOR process often faces delays and inefficiencies in cross-border payments, leading to administrative bottlenecks and hindered business operations. With Nium's cutting-edge technology integration, Borderless AI is able to streamline operations, offering faster, more efficient, and secure payment solutions. This enables organizations to confidently navigate international complexities, seamlessly pay employees and contractors, and manage remote teams more efficiently.
Nium's advanced payment infrastructure and global network facilitate seamless fund transfers across borders, eliminating intermediaries and significantly reducing transaction times. Borderless AI can now provide clients with instant transfer of funds through Nium’s platform, enabling efficient management of payroll, taxes, expenses, and financial obligations across more than 190 countries.
"Our collaboration with Nium represents a significant leap in delivering multi-country payroll and unmatched value to our customers," said Willson Cross, CEO of Borderless AI. "By leveraging Nium's innovative technology, we empower businesses to efficiently manage their global workforce while ensuring timely and secure cross-border payments."
Some benefits derived by organizations like Affiniti Finance and MG2 Corporation include:
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Faster and more affordable cross-border payments.
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Worldwide access to 190+ countries and 100 currencies, with funds available real-time in 100 markets.
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Helps scale globally in a compliant manner, by adhering to local regulations and maintaining robust security measures.
"Borderless AI is contributing to the changing Employer of Record industry and we are excited to be a part of their journey," said Prajit Nanu, CEO and Co-founder of Nium. "By integrating our real-time cross-border payment solutions with Borderless AI's EOR expertise, we empower businesses to transcend geographical barriers and unlock new opportunities for growth."
This strategic alliance underscores Borderless AI and Nium’s shared commitment to innovation and excellence in global employment solutions, paving the way for businesses to navigate cross-border operations efficiently and unlock new growth possibilities.