BRI partners with Nium to expand real-time cross-border payment solutions – FF News

Nium, the leading global real-time cross-border payments infrastructure, is pleased to announce a partnership with Bank Rakyat Indonesia (BRI) to provide real-time international money transfer capabilities to Indonesian customers. The aim of this collaboration is to improve BRI’s cross-border offerings for retail and corporate customers and provide more accessible and cost-effective financial services across Indonesia.

This partnership enables more than 150 million BRI account holders, including those in remote regions of Indonesia, to access modern, real-time cross-border payment services. The offering includes a variety of real-time payment mechanisms, supporting bank account destinations, a global electronic card network and digital wallets. These innovations are closely related to BRI’s ongoing mission to provide affordable and customer-centric financial products, particularly to traditionally underserved communities.

BRI Corporate Secretary Agustya Hendy Bernadi highlighted BRI’s commitment to continually improve customer convenience through innovation in its global network and cross-border transaction services. “This collaboration reflects BRI’s continued efforts to increase productivity and efficiency by expanding its digital payment channel network to meet the growing demand for global transactions,” he said. Agustya added that the partnership with Nium perfectly aligns with BRI’s vision to be Southeast Asia’s most valuable banking group and a champion of financial inclusion by 2025. “With Nium’s global transaction network, BRI strengthens the digitalization of its business processes and improves retail banking capabilities, in line with our Strategic Vision 2025.”

Anupam Pahuja, General Manager and Executive Vice President for Asia Pacific, Middle East and Africa at Nium, expressed excitement about the partnership and highlighted BRI’s extensive presence across Indonesia’s 17,000 islands. “By integrating Nium’s advanced technology into BRI’s platform, we are committed to providing BRI’s customers with access to exceptional financial services, no matter where they are. This partnership will eliminate the risks associated with cash transactions and enable faster, more cost-effective transactions – whether individuals are sending money to family members abroad or businesses are making international payments.”

Cross-border payments are predicted to increase significantly in Indonesia, with a projected increase of 15% year-on-year by 2025, largely driven by digital transformation in the financial services sector (Statista, 2024).

This partnership between BRI and Nium is expected to transform the way Indonesians interact with global financial services by meeting the increasing demand for modern payment infrastructure and improving the overall experience for BRI’s customers in their international transactions .