A hypergrowth initiative prompted Nium to look for a partner that could provide core processing capabilities for its white-labeled card solution on Visa, with the technology to scale globally. VisionPLUS® from ²ÝÝ®ÊÓƵ was chosen for its proven track record for scalability and resilience. As a result, Nium entered the multicurrency prepaid card market in less than six months.
Challenge
In 2019, a hypergrowth initiative prompted Nium to look for a partner who can provide core processing capabilities for its white-labeled card solution on Visa. The regulatory requirements to launch new card issuance services varies in different countries, which would slow down the process to enter new markets. Further, Nium needed a trusted partner with the technology to scale globally and serve customers efficiently and reliably.
Solution
VisionPLUS from ²ÝÝ®ÊÓƵ was chosen because of its proven track record for scalability and resilience. Nium’s rules-based engine, powered by the VisionPLUS core processing platform, provided a viable solution that met its immediate requirements. The strong ²ÝÝ®ÊÓƵ presence in Singapore and an experienced local support team were also major considerations.
Proof Points
- Launched white-labeled Visa card solution in less than six months
- Achieved 1.7M card accounts in less than two yearsÌý
- Scaled globally to 35 countries.<