October 1, 2024
-
Core Platform
New Features
Multiple Wallets
Corporate customers can now have multiple wallets on the Nium platform. Multiple Wallets offers more choice and convenience to clients and helps ledger management with single or multiple currencies.
- Currently, whenever a customer is onboarded on to Nium, a default wallet is created and linked with the customer. All transactions are credited and debited from that single wallet.
- With this change, customers can now hold balances and transfer funds between multiple wallets based on their business needs.
- The assignment of virtual accounts to any wallet is supported by the Assign Payment ID request.
- We’ve introduced three new APIs to support this feature:
- We're actively working on bringing card issuance and card-based transactions for additional wallets.
- Currently, card issuance and card-based transactions only support the default wallet that was created and linked with the customer after completing onboarding.
- Multiple wallets are currently only available in select regions. The regions Multiple Wallets are available include:
- Australia (AU)
- Canada (CA)
- Hong Kong (HK)
- Singapore (SU)
- United Kingdom (UK)
- United States (US)
Please contact your Nium account manager or Nium support to evaluate your business use case and configure wallets for you.
Enhancements
Stay Informed with Our New Status Page
Monitor the real-time status of Nium services with our new Status Page. Stay updated on service performance and incidents, and subscribe to notifications for timely alerts on any service changes or issues. See our guide for more information.
Virtual Account related information
The account type returned in the API response of Virtual Account Details V2 and the Client Details request for
GMO_JPbank has been changed from SAVINGS to LOCAL to make it standardized across all banking partners. -
Issuance and Cards
There are no updates for this time period.
-
Payouts and Payins
There are no updates for this time period.