Latin America is one of the world’s premier growth markets. According to the World Bank, after a 6.9% rebound in 2021, the regional Gross Domestic Product (GDP) of Latin America and the Caribbean is expected to grow by 3% in 2022, a higher rate than expected due to higher commodity prices and ahead of the United … Continued
At Nium, we’re on a mission to build the global payments infrastructure for on-demand money movement. Despite some strong fintech headwinds, 2022 has been another banner year. We expanded our world-class team, grew our global office footprint (Mumbai, Chennai, and Bengaluru), launched new product innovations, reached new payment markets, and acquired a company (SoCash). The … Continued
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 with Ramana Satyavarapu, Nium’s chief technology officer, to learn about his observations and … Continued
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, depending on what’s needed. According to a survey … Continued
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 spent $20.3 billion on payment costs – … Continued
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 and expected to hit $1463.98 … Continued