Singapore-based payments infrastructure company Nium has partnered with stablecoin payments provider RedotPay to extend fiat off-ramp coverage for RedotPay’s more than 9 million users.
The companies announced the agreement on October 8 at the TOKEN2049 conference in Singapore. RedotPay will connect to Nium’s cross-border payment network as it expands the markets in which users can convert digital assets and receive or spend local currency. The announcement did not identify the first new corridors, a launch timetable or commercial terms.
Connecting stablecoins with local payout rails
An off-ramp converts digital assets into conventional currency and routes the proceeds to an account, wallet or card. Under the agreement, RedotPay will use Nium’s licensed payout infrastructure for that part of the transaction. Nium said its network supports more than 100 currencies and reaches more than 190 markets, while its official platform information describes stablecoin and fiat payouts as part of the same payments stack.
RedotPay offers cards, transfers and other payment services linked to stablecoin balances. Its official website says users can send digital assets and have recipients receive local currency, as well as use stablecoins for everyday spending. The Nium connection is intended to widen the geographic reach of those off-ramp services rather than introduce a new token or trading product.
Nium said it connects to stablecoin rails through regulated blockchain infrastructure partners, with fiat payouts moving across its own licensed payment network. The company attributed more than US$84 billion in payment volume to that network over the past year. That figure, along with RedotPay’s user count, was supplied by the companies and was not independently audited in the announcement.
Payments firms expand stablecoin utility
The partnership adds to Nium’s push to connect blockchain-based value with bank accounts, wallets and cards. Nium has previously integrated stablecoin infrastructure from Coinbase and participated in Visa settlement initiatives, while continuing to operate conventional cross-border payout services.
For RedotPay, the agreement addresses the conversion and distribution step that determines whether stablecoin balances can be used outside a digital-asset platform. Wider off-ramp coverage could let users reach more local payment methods, although the companies did not disclose which additional countries, currencies or delivery methods would become available first.
Nium co-founder and chief executive Prajit Nanu said the partnership was designed for users who move between digital and traditional money. RedotPay co-founder and chief executive Michael Gao said the infrastructure would support more everyday uses of digital assets. Both statements were included in the companies’ announcement.
Key details remain undisclosed
The release did not specify whether the integration is already live for customers, whether all RedotPay users will receive access at the same time, or how fees and settlement times will compare with the company’s existing off-ramp options. It also did not describe which Nium entities or licenses will support particular markets.
Those details are significant because stablecoin conversion and payout services are subject to different licensing, customer-verification and transaction-monitoring rules across jurisdictions. Access may therefore vary by country and by the payment method selected.
Nium is co-headquartered in Singapore and San Francisco and provides payment infrastructure to banks, fintech companies and enterprises. RedotPay, founded in 2023, operates a stablecoin-based payments platform serving customers in multiple markets.
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