Nium Signs Definitive Agreement to Acquire Alternative Payments Network Platform Socash.
MANews-(C)2009-2022
Singapore-based money movement platform Nium has inked a definitive agreement to acquire Singapore-based alternative payments network platform Socash, the company said.
Socash brings together financial institutions and digital commerce merchants into a network that allows consumers to deposit, withdraw, and make payments with cash from more than 30,000 local shops, cafes, and grocery stores.
The acquisition provides Nium with the team and technology to enable multiple forms of local payment acceptance for digital commerce, especially in emerging markets.
Cash is still a preferred method of payment across the Asia Pacific and Latin American markets, and the...
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