M&A
Fintech startup Nium acquires Wirecard's India forex unit
Fintech startup Nium (formerly InstaRem) has acquired Wirecard Forex India, an RBI-licensed category II authorised foreign exchange dealer with 23 branches across eight cities. Nium can now directly engage in a variety of payment services activities across the subcontinent, including currency conversion, money transfer and prepaid card issuance. Post-acquisition, all of the 190 employees of Wirecard India will join Nium.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
