Nium and Borderless AI Forge Partnership for Cross-Border Payments in EOR
Borderless AI, an Employer of Record (EOR) services
provider, disclosed today (Wednesday) a strategic partnership with Nium, a service
provider in real-time, cross-border payments, with the aim of developing
cross-border payments within the EOR industry. This collaboration signifies an
advancement in improving efficiency, transparency, and speed in global
employment and payroll solutions.
The conventional EOR process often encounters delays and
inefficiencies in cross-border payments, resulting in administrative
bottlenecks and impeded business operations. Through the integration of Nium’s
technology, Borderless AI can streamline operations, offering faster, more
efficient, and secure payment solutions. This empowers organizations to
confidently navigate international complexities, seamlessly remunerate
employees and contractors, and manage remote teams more effectively.
Prajit Nanu, CEO and Co-Founder of Nium, Source: LinkedIn
“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, the 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.”
Nium’s payment infrastructure and global network enable
smooth fund transfers across borders, bypassing intermediaries and cutting down
transaction times. With access to Nium’s platform, Borderless AI can promptly
transfer funds for clients, simplifying the management of payroll, taxes,
expenses, and financial commitments across over 190 countries.
Some of the benefits realized by organizations such as
Affiniti Finance and MG2 Corporation encompass faster and more cost-effective
cross-border payments , worldwide access to over 190 countries and 100
currencies, with funds available in real-time across 100 markets. Additionally,
this partnership aids in global scalability in a compliant manner, by adhering
to local regulations and upholding robust security measures.
Key Leadership Changes Unveiled in Industry Collaboration
Willson Cross, CEO of Borderless AI, Source: LinkedIn
As part of this partnership, Borderless AI announces the
appointment of Rajesh Venkatesh as Chief Payments Officer and Umesh Maini as
Chief Product Officer. Venkatesh brings 15 years of experience, having served
as Chief Product Officer at Nium and held executive roles at PayPal and eBay.
Maini, formerly Chief Product Officer at Buckzy, brings experience from Western
Union and TD Bank in the payments sector.
“Our collaboration with Nium represents a significant
leap in delivering multi-country payroll and unmatched value to our
customers,” said Willson Cross, the 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.”
Borderless AI, an Employer of Record (EOR) services
provider, disclosed today (Wednesday) a strategic partnership with Nium, a service
provider in real-time, cross-border payments, with the aim of developing
cross-border payments within the EOR industry. This collaboration signifies an
advancement in improving efficiency, transparency, and speed in global
employment and payroll solutions.
The conventional EOR process often encounters delays and
inefficiencies in cross-border payments, resulting in administrative
bottlenecks and impeded business operations. Through the integration of Nium’s
technology, Borderless AI can streamline operations, offering faster, more
efficient, and secure payment solutions. This empowers organizations to
confidently navigate international complexities, seamlessly remunerate
employees and contractors, and manage remote teams more effectively.
Prajit Nanu, CEO and Co-Founder of Nium, Source: LinkedIn
“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, the 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.”
Nium’s payment infrastructure and global network enable
smooth fund transfers across borders, bypassing intermediaries and cutting down
transaction times. With access to Nium’s platform, Borderless AI can promptly
transfer funds for clients, simplifying the management of payroll, taxes,
expenses, and financial commitments across over 190 countries.
Some of the benefits realized by organizations such as
Affiniti Finance and MG2 Corporation encompass faster and more cost-effective
cross-border payments , worldwide access to over 190 countries and 100
currencies, with funds available in real-time across 100 markets. Additionally,
this partnership aids in global scalability in a compliant manner, by adhering
to local regulations and upholding robust security measures.
Key Leadership Changes Unveiled in Industry Collaboration
Willson Cross, CEO of Borderless AI, Source: LinkedIn
As part of this partnership, Borderless AI announces the
appointment of Rajesh Venkatesh as Chief Payments Officer and Umesh Maini as
Chief Product Officer. Venkatesh brings 15 years of experience, having served
as Chief Product Officer at Nium and held executive roles at PayPal and eBay.
Maini, formerly Chief Product Officer at Buckzy, brings experience from Western
Union and TD Bank in the payments sector.
“Our collaboration with Nium represents a significant
leap in delivering multi-country payroll and unmatched value to our
customers,” said Willson Cross, the 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.”
