Nium and Emirates NBD have announced significant advancements in their strategic partnership initially established in 2024, expanding real-time cross-border payment capabilities throughout the Emirates NBD Group in the UAE.
The collaboration delivers seamless, cost-effective international transfers for Emirates NBD customers, with plans to extend these services to the Kingdom of Saudi Arabia through Emirates NBD KSA, reinforcing the bank’s regional payment infrastructure.
The expansion addresses the growing demand in the UAE, one of the world’s largest remittance hubs, with outbound flows exceeding USD 50 billion in 2023 and an expatriate population comprising nearly 90% of the residents.
This partnership illustrates the trend highlighted in Nium’s white paper, “Payments in the Middle East: The Next Frontier,” which showcases how strategic collaborations between banks and fintechs are increasingly vital to unlocking efficiency, inclusion, and growth across the MENAT region.
