Nium Leverages Ripple to Accelerate Cross-Border Payments Between Philippines and Mexico

Gate News message, April 28 — Singapore-based fintech company Nium is using Ripple’s infrastructure to improve remittances between the Philippines and Mexico, one of the world’s busiest transfer corridors. The partnership reduces pre-funding requirements, enabling faster and cheaper payments while cutting settlement times from days to near-instant processing.

According to CEO Prajit Nanu, the integration has significantly reduced liquidity needs and operational friction. Within weeks of joining RippleNet, Nium began processing transactions in real time. Over five months, the efficiency gains drove a sharp increase in remittance volumes across its network.

Beyond speed and cost reduction, RippleNet has expanded Nium’s global reach by connecting it to a wider network of financial institutions and payment providers. The partnership has opened new corridors across North and South America and Southeast Asia, strengthening Nium’s presence in Australia, Singapore, and Malaysia while accelerating expansion into emerging regions. Other financial institutions are adopting similar blockchain-based infrastructure; Travelex Bank is using Ripple Payments for near-instant settlement and lower transaction costs, while Intesa Sanpaolo is exploring digital asset custody through Ripple’s infrastructure.