SINGAPORE: Nium, a global payments platform, announced today that it has secured a Type 1 Financial Instruments Business Operators licence from the Japan Financial Services Agency (JFSA). This licence allows Nium to offer its services in Japan and marks a significant milestone for the company’s expansion in the region.
Nium’s CEO, Prajit Nanu, commented on the news, saying, “We are thrilled to have received this licence from the JFSA. Japan is a key market for us, and this allows us to better serve our customers and partners in the region.”
What is a Type 1 FTSP licence?
A Type 1 Financial Instruments Business Operators licence is issued by the JFSA to companies that wish to operate as financial services providers in Japan. This licence allows companies to engage in activities such as investment advisory services, securities trading, and underwriting of securities.
About Nium
Nium is a leading global payments platform that enables businesses and individuals to send, spend, and receive money in multiple currencies. The company offers a wide range of services, including cross-border payments, currency exchange, and digital wallet solutions.
Founded in 2014, Nium has quickly established itself as a trusted fintech provider, with a presence in over 60 countries worldwide. The company’s innovative technology and customer-centric approach have earned it a reputation for reliability and efficiency.
Expansion in Japan
With the acquisition of the Type 1 FTSP licence from the JFSA, Nium is poised to accelerate its growth in the Japanese market. The company plans to expand its services and establish partnerships with local businesses to better serve the needs of its customers in Japan.
Nium’s presence in Japan will also provide a gateway for the company to further expand its operations in the Asia-Pacific region. With a strong foothold in one of the largest economies in the world, Nium is well positioned to drive innovation and growth in the financial services industry.