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August 5, 2025

Payouts and Payins​

New Feature​

Know When Funds Will Arrive — Estimated Delivery Time​

Clients can now view the expected delivery time of payouts at the moment a transaction is initiated. This information is shared via the estimatedDeliveryTime field in the REMIT_TRANSACTION_SENT_TO_BANK webhook.

The timestamp reflects when the funds are expected to reach the beneficiary, based on real-time routing data, partner cutoffs, and local holidays.

For more information, see Remit Transaction Sent To Bank.

Upcoming Regulatory Change​

Effective October 9, 2025, all EUR Local payouts from EU-based clients will undergo Verification of Payee (VoP) checks per EU regulation. Payouts with name mismatches will be rejected by default.

See the VoP Migration Guide for integration details and configuration steps.

July 22, 2025

Core Platform

Enhancements

Tags added to Webhooks

We've now added tags to the following webhooks. This change will help you manage webhooks more efficiently.

July 8, 2025

Core Platform

Enhancements

More details for Fee_Debit transactions

We’ve updated Fee_Debit transaction labels to give customers more context about the fees charged:

  • feeName — Shows which predefined fee applies to the transaction.
  • tierType — Indicates whether the fee is based on tier rules or non-tier rules, per the updated Fee Details v3 request.
  • condition — Lists the conditions under which the fee is charged (for example, source_currency, destination_currency, destination_country).

Nium’s pricing engine now supports more customization options, including fees based on payout and payin methods and tiered pricing. To view pricing with these options, use the Fee Details v3 request.

New Features

E_DOC_VERIFY for UBOs and Directors in the EU, UK, and SG

We’ve expanded the E_DOC_VERIFY KYC method to:

  • UBOs and Directors in the EU and UK.
  • Both E_KYC and E_DOC_VERIFY in SG.

This reduces the need for notarized documents in the EU and speeds up the KYC process. For implementation details, see Onboarding Response – 200 to generate a redirectURL for stakeholders in these regions.

No expiry for redirectURL in Corporate Onboarding

redirectURL links for Corporate Onboarding no longer expire, unless the customer starts but does not complete the KYC flow in a single uninterrupted session.

If the session times out, customers can restart the process using the same link or by refreshing their browser. As a result, the Regenerate KYC URL API will be deprecated (currently still supported with a dummy expiry for existing integrations).

Standardized Letter of Authorization

The Letter of Authorization (Power of Attorney) is now standardized across all Nium regions. You can direct customers to the updated template.

June 24, 2025

Core Platform​

Enhancements​

Enhanced Pricing Engine​

Nium has enhanced its pricing engine, providing a variety of customizable pricing options such as pricing via different payout and payin methods, tiered pricing, and more.

To view pricing based on advanced options, fetch the pricing details using the Fee Details V3 request.

June 10, 2025

Core Platform

New Features

Enhanced Account Verification for Payouts

Reduce failed transfers and improve payout success with Nium’s built-in bank verification. Before sending funds, confirm the recipient’s account details in real time—no test deposits or manual checks required. This helps you catch errors early, improve customer experience, and avoid unnecessary fees.

For more information, see Nium Verify.

May 27, 2025

Core Platform​

New Features​

Local Funding now available in Brazil​

We have introduced Local Funding in Brazil for corporate customers, reducing costs and improving transaction speed.

As part of our banking partner requirements, we must collect a Brazilian taxId or CNPJ (Cadastro Nacional da Pessoa Jurídica) account number for these customers. See Fund a Wallet – Brazil for more information.

May 13, 2025

Core Platform

New Features

Get Fee Details V3

Introducing a new request — Get Fee Details V3.

This new version provides more details on the pricing structure. For more information, see Fees.

Validate the beneficiary schema to all Payouts

Clients can confirm the validity of the payment object before debiting funds. This change improves user experience and reduces operational overhead.

Financial Institution customers can now validate payment objects upfront before debiting funds, helping to reduce errors and operational overhead.

Ongoing Due Diligence

Nium will start the ODD (Ongoing Due Diligence) process for corporate customers approved more than a year ago. ODD is a periodic review process that active customers must undergo based on their risk profile and transaction activity.

Our compliance officer will raise any required RFIs. You are expected to respond to RFIs in a timely manner to help us complete ODD. Failure to respond may result in the suspension of the account.

You can subscribe to CUSTOMER_ODD_STATUS_WEBHOOK to track the status and progress of ODD. See ODD Status for additional details.

April 29, 2025

Payouts and Payins

New Features

Local Funding Now Available in Brazilian Real

You can now fund in Brazilian Real (BRL) locally through Nium using Brazil’s most widely used payment systems: PIX (Instant Payment Platform) and TED (Electronic Funds Transfer).

This update helps clients with a presence in Brazil move money faster and reduce cross-border friction.

For more information, see Fund a Wallet.

April 15, 2025

Core Platform

New Features

Settlement Report Now Available

We’ve launched a daily Settlement Report to support your reconciliation efforts. The report includes all settled transactions across payins, payouts, P2P transfers, and fees.

You can download the report via the Nium Portal or receive it securely via SFTP. For more information, see Settlement Report.

Enhancements

Find Transactions Faster with Improved Filters

We’ve enhanced the Transactions page in Nium Portal to help you locate the data you need—faster:

  • Search by External ID
  • View transactions across all platform customers
  • Filter by date and time with access to full transaction history

For more information, see Nium Portal.

April 13, 2025

Core Platform

New Features

Updated Beneficiary Validations

We’ve updated the validation rules for creating beneficiaries to align with those used for creating payouts. This update helps reduce rejections caused by typos or special characters.

For more information, see Add Beneficiary V2.

Ongoing Due Diligence (ODD)

Corporate customers approved more than one year ago are now subject to Ongoing Due Diligence (ODD)—a periodic review based on their risk profile and transaction history.

During this review, a compliance officer may issue one or more Requests for Information (RFIs). Prompt responses are required to complete the review.

Failure to respond may result in temporary account suspension.

For more details, see Corporate Customers.