Ebury and Nium Expand Partnership to Power Cross-Border Payments in Brazil

On February 22, 2024, Ebury and Nium announced an expansion of their partnership to power cross-border payments into and out of Brazil through Ebury Bank. The move follows Ebury's receipt of the necessary regulatory approvals to operate banking services in Brazil, enabling the partners to offer compliant international payment rails in the market. Nium contributes its global payments infrastructure and network, while Ebury brings its local banking license and expertise in serving SMEs with foreign exchange and international trade finance.

The expanded partnership specifically targets small and medium-sized enterprises that need efficient cross-border remittance and payment capabilities in Latin America's largest economy. By combining Nium's real-time global payment network with Ebury's local regulated presence, the partners aim to reduce friction and cost for businesses transacting internationally through Brazil. This represents a significant embedded finance expansion into LATAM, a region increasingly targeted by global BaaS and payment infrastructure providers.