Best mobile banking apps in the world

Singapore-based fintech platform Nium has partnered with Costa Rica-based fintech platform Teledolar to expand its presence in Latin America (LATAM) market.

Under the latest partnership, Nium will provide a faster and convenient outbound payments experience to Teledolar’s customers.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Nium will use fintech tools to enhance business efficiencies and the customer experience in the LATAM market.

Through this partnership, Teledolar customers will be able to make real-time outbound payments to the UK, Europe, and the US markets, among others.

Commenting on the partnership, Teledolar CEO Juan Carlos said: “Teledolar strives to meet the evolving needs of our clients for global wire transfers through continuous improvements and growth to our services.

“We are proud and excited at the opportunity to be Nium’s first partner in Costa Rica, and look forward to offering our clients better services that are more efficient, secure, and provide greater transparency.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Teledolar is said to be the first partner of Nium in Costa Rica.

The company will help the fintechs, banks, and financial institutions in LATAM digitize their solutions and offer them to end customers.

Nium global head of institutional sales Rohit Bammi said: “Teledolar has been instrumental in creating a fintech platform for consumers, SMBs, banks, and financial institutions in Costa Rica to move funds overseas in a more convenient manner, and we are excited to work with them to deliver a better, more convenient and faster remittance experience for their customers.”

Nium currently allows consumers and businesses to send, spend, and receive funds in 100 countries.

Recently, Nium became the Visa card issuer in Australia and Europe.