A new partnership has been inked between the fintech platform NIUM with Geoswift, a payment technology company. NIUM is member of the RippleNet and this deal opens the floodgates which would allow NIUM users via RippleNet to remit money in the country.

Not only that but a host of banks public bank of China, Bank of Shanghai along with 12 more banks in the country would also be provided with real-time services.

The <a href="https://markets.businessinsider.com/news/stocks/global-fintech-platform-nium-partners-with-geoswift-to-enable-overseas-customers-to-remit-funds-into-china-1029109432" target="_blank" rel="noopener">press release</a> further said that consumers and businesses can conduct fund transfers easily through Ripple partner InstaReM, NIUM’s consumer and SME brand, on its website or app. Welcoming the development, Raymond Qu, CEO &amp; Founder of Geoswift, said that Ripple partner Instarem, NIUM's consumer and SME brand would be the options for users and businesses to send and recover money.

 According to the press release it can be done through website and app and CEO and founder of Geoswift, Raymond Qu added that the new partnership is an addition in their strategy to become the biggest provider of P2P solutions in the country. He believes that instant money transfer demands keep growing in the country and they want to provide users with more fast, reliable and secure options to conduct bother normal and business transfers.
<h2>NIUM's Deal Another Milestone For Ripple</h2>
<a href="https://www.cryptoknowmics.com/news/coronavirus-impact-on-ripple/">Ripple</a> has grown by leaps and bounds in the remittance departments especially in the last year. Multiple deals have been struck by the company and they've specially targeted the Asian market. Before the deal With Geoswift,  RippleNet entered a partnership with Malaysian firm, MoneyMatch which would offer cross border payments across 120 countries via RippleNet.

China's remittance market is enormous and stands at over $67 billion and it was only logical for RippleNet to plant their footsteps in a country where the demand for remittance payments keeps growing day by day.

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RippleNet Member NIUM Join Hands With GeoSwift

Ripplenet member and NIUM is making the news today after it announced a partnership Geoswift, a payment technology company.

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RippleNet Member NIUM Join Hands With GeoSwift

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