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July 8, 2025

Core Platform

Enhancements

New Fee Details V3 request

Nium has enhanced our customizable pricing options. This includes pricing based on different payout and payin methods and tiered pricing. To view pricing based on these advanced options, use the Fee Details V3 request. Other enhancements include:

  • Enhanced the labels for Fee_Debit transactions by returning additional information on the fees charged to customers. For more information, see Fees.
  • See the feeName field to understand which predefined fee was charged for a transaction.
  • Refer to the tierType field to see if the fee is based on a tier or non-tier rule.
  • See the condition field to understand the conditions where a fee is charged. This includes factors like source_currency, destination_currency, and destination_country.

For more information, see Fee Details V3.

EU, UK and SG Documentation Verification

We've extended Know Your Customer (KYC) E_DOC_VERIFY documentation verification for stakeholders in the EU and United Kingdom. We've also extended E_KYC and E_DOC_VERIFY documentation verification to Singapore.

This change helps simplify the KYC process in the EU, where previously a notarized document was required to onboard beneficial owners.

For details on how to generate a redirectURL for any stakeholders in these regions, see Corporate Customers.

No Expiry for redirectURL

We've removed redirectURL expiration across all regions.

Session expiration is still in place in case a customer begins onboarding but doesn't complete it in a single session.

When a session expires, customers will be able to use the same redirectURL.

Standardized Letter of Authorization

We've standardized our Letter of Authorization (Power of Attorney) across all regions.

For more information, see Letter of Authorization.

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.

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.

May 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.

April 1, 2025

Core Platform

Enhancements

clientTransactionId now included in reconciliation labels

clientTransactionId is now included as a label in the following transaction types:

  • Wallet_Credit_Mode_Offline
  • Wallet_Credit_Mode_Offline_Third_Party

clientTransactionId is provided by clients in the Fund Wallet request and helps you keep track of transactions for reconciliation purposes.

For more information, see Transaction Response Labels.

March 18, 2025

Core Platform

Enhancements

New rfiHashId for Easier RFI Tracking

A new parameter, rfiHashId, is now available in the following requests:

You can now store and use an rfiHashId to uniquely identify and respond to Requests for Information (RFIs), helping ensure accurate tracking and preventing mix-ups.

While templateId remains available, we strongly recommend migrating to rfiHashId for improved accuracy and future compatibility.

For more details, see Requests for Information (RFIs). If you have any questions, please contact your Nium account manager or Nium Support.

March 4, 2025

Core Platform

Enhancements

Updates to Virtual Account Assignment

Virtual accounts can now only be assigned when a customer’s compliance status is CLEAR. If the status is PENDING, the request will return an error.

This change helps ensure virtual accounts are only assigned to valid customers. For more information, see Virtual Account Number.

Use the Assign Payment ID request to assign virtual accounts. This change ensures virtual accounts are only assigned to eligible customers.

February 18, 2025

Core Platform

Enhancements

Wallet to Wallet Transfers Now Support External ID

You can now include a senderExternalId in wallet-to-wallet transfer requests. Additionally, you can fetch wallet-to-wallet transfers using the externalId assigned when creating the customer.

This enhancement simplifies transaction tracking and reconciliation. For more information, see Wallet to Wallet Transfer.

February 4, 2025

Core Platform

Deprecation Notices

P2P Transfer Between Wallets Webhook Deprecation

The P2P Transfer Between Wallets webhook event will be deprecated in March 2025.

  • This event was sent for transfers that have Customer_Wallet_Credit_Fund_Transfer as the transactionType.
  • The Fund Transfer Between Wallets event will be sent instead for transfers that have Customer_Wallet_Credit_Fund_Transfer as the transactionType.