---
title: "Nium Limited · Money Service Operator (C&ED) · Hong Kong SAR China | Elucidate"
description: "Nium Limited is registered with Customs and Excise Department (C&ED) for anti-money-laundering supervision as a money service operator in Hong Kong SAR China. Licence 16-01-01797. LEI 2549001N9XHKPWEJR945. Register status, licences, activities and ownership."
url: https://elucidate.co/directory/nium-limited-38cbee9ee116
---

1.  [Directory](https://elucidate.co/directory)
2.  [Hong Kong SAR China](https://elucidate.co/directory/country/hk)
3.  Nium Limited

Hong Kong SAR China · Money service business

# Nium Limited

Nium Limited is a private company limited by shares, incorporated in Hong Kong in October 2015 as Instarem Limited. The Customs and Excise Department (C&ED) licenses it as a money service operator (licence 16-01-01797) for remittance and currency exchange. It is a subsidiary of Nium Pte. Ltd. of Singapore and runs the group's Nium and Instarem brands in Hong Kong. The group describes itself as payments infrastructure for cross-border payouts, card issuing and FX, sold mainly to banks, fintechs and businesses.

Register status

Registered for AML supervision in Hong Kong SAR China

Money Service Operator · Customs and Excise Department (C&ED)

AML registration only

[1 licence or registration ↓](https://elucidate.co/directory/nium-limited-38cbee9ee116#licences)

BIC **No BIC** LEI **[2549001N9XHKPWEJR945](https://search.gleif.org/#/record/2549001N9XHKPWEJR945)** [Licence no. **16-01-01797**](https://elucidate.co/directory/nium-limited-38cbee9ee116#licences) [Group: Nium Pte. Ltd.](https://elucidate.co/directory/group/2549001M1QCD7NV2FL63)

## Licences and registrations

Held by Nium Limited (LEI 2549001N9XHKPWEJR945). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.

| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [Register of Money Service Operators (AMLO Cap. 615)](https://elucidate.co/directory/register/ced-mso) Customs and Excise Department (C&ED) | Money Service OperatorMoney Transmitter / Remittance | 16-01-01797 | [Hong Kong SAR China](https://elucidate.co/directory/country/hk) | Active | — | Renews 2028-02-12 | - Money remittance - Currency exchange | [Search the register ↗](https://eservices.customs.gov.hk/MSOS/wsrh/001s1?request_locale=en) |

-   Each licence applies in the country of the regulator that granted it.
-   Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.

## Swift network

Swift’s ISO 9362 BIC directory

Holds no BIC in Swift’s directory.

Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.

## Overview

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/nium-limited-38cbee9ee116#overview-sources)

Customers

1,000

customers · Group · 29 Sep 2026 · [company statement ↗](https://www.nium.com/)

Employees

700

headcount · Group · 29 Sep 2026 · [company statement ↗](https://www.nium.com/about-us)

Ownership

Group subsidiary

Nium Pte. Ltd.

Firm type

Money remittance

Trades as Nium / Instarem

- **Standing:** The firm was incorporated as Instarem Limited and changed its name to Nium Limited on 16 October 2019. Its Hong Kong money service operator licence is active and expires on 12 February 2028, according to the C&ED register.
- **Ownership:** Nium Pte. Ltd. of Singapore is the firm's direct and ultimate parent, according to the firm's LEI record.
- **Direct parent:** [Nium Pte. Ltd.](https://elucidate.co/directory/nium-pte-ltd-isptsgsg), Singapore
- **Head office:** Room 517, 5/F, Inno Centre, 72 Tat Chee Avenue, Kowloon Tong, Kowloon, Hong Kong SAR China
- **Company register:** Hong Kong Business Registration 65375987
- **Incorporated:** 23 Oct 2015
- **Founders:** Prajit Nanu · Michael Bermingham
- **Former name:** Instarem Limited

### Online

- **Websites & references:** [nium.com ↗](https://www.nium.com/) [instarem.com ↗](https://www.instarem.com/) Instarem consumer and SME money-transfer brand site (group-wide) [docs.nium.com ↗](https://docs.nium.com/) developer documentation [Wikipedia ↗](https://en.wikipedia.org/wiki/Nium) group article
- **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/nium-global/) · [X ↗](https://twitter.com/niumglobal) · [Facebook ↗](https://www.facebook.com/GetInstarem/) · [Instagram ↗](https://www.instagram.com/instarem/) · [YouTube ↗](https://www.youtube.com/channel/UCA1ifqiU_ijabFosLztyN7Q) · [X (Instarem brand) ↗](https://twitter.com/getinstarem/) · [LinkedIn (Instarem brand) ↗](https://www.linkedin.com/company/instarem/)
- **Apps:** [App Store ↗](https://apps.apple.com/us/app/instarem-send-money-abroad/id1190075959) · [Google Play ↗](https://play.google.com/store/apps/details?id=com.instarem.mobileapp&hl=en&gl=US)

Sources · 13 pages consulted

1.  [nium.com/licenses](https://www.nium.com/licenses)
2.  [lei.bloomberg.com/leis/view/2549001N9XHKPWEJR945](https://lei.bloomberg.com/leis/view/2549001N9XHKPWEJR945)
3.  [instarem.com/licenses/](https://www.instarem.com/licenses/)
4.  [instarem.com/help-personal/faqs/instarem-licensed-service-provider/](https://www.instarem.com/help-personal/faqs/instarem-licensed-service-provider/)
5.  [nium.com/](https://www.nium.com/)
6.  [nium.com/about-us](https://www.nium.com/about-us)
7.  [nium.com/legal](https://www.nium.com/legal)
8.  [nium.com/legal/dsa](https://www.nium.com/legal/dsa)
9.  [nium.com/newsroom/new-c-suite-hires-lead-next-era-of-global-payments-infrastructure](https://www.nium.com/newsroom/new-c-suite-hires-lead-next-era-of-global-payments-infrastructure)
10.  [nium.com/newsroom/nium-raises-us50-million-in-series-e-round-to-expand-real-time-payments-global-i](https://www.nium.com/newsroom/nium-raises-us50-million-in-series-e-round-to-expand-real-time-payments-global-infrastructure)
11.  [prnewswire.com/news-releases/nium-acquires-cypher-expanding-its-fiat-to-on-chain-money-movement-infrastr](https://www.prnewswire.com/news-releases/nium-acquires-cypher-expanding-its-fiat-to-on-chain-money-movement-infrastructure-302821241.html)
12.  [mm.nh.gov/files/uploads/doj/remote-docs/nium-20251211.pdf](https://mm.nh.gov/files/uploads/doj/remote-docs/nium-20251211.pdf)
13.  [en.wikipedia.org/wiki/Nium](https://en.wikipedia.org/wiki/Nium)

## Authorisation

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/nium-limited-38cbee9ee116#overview-sources)

- **Operates under:** Its own licences

The C&ED licenses the firm as a money service operator under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), for remittance and currency exchange. The group states that the Hong Kong licence does not cover multi-currency wallets.

| Authority | Licence or registration | Number | Held | Status | Source |
| --- | --- | --- | --- | --- | --- |
| Customs and Excise Department (Hong Kong) Hong Kong SAR China | Money Service Operator Licence (Money Transmitter / Remittance; money remittance and currency exchange) | 16-01-01797 | In its own name | Active | [nium.com ↗](https://www.nium.com/licenses) |

Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.

## Products and markets

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/nium-limited-38cbee9ee116#overview-sources)

-   International money transfer
-   Payouts and mass payments
-   FX conversion

Under its C&ED licence the firm provides remittance and currency exchange in Hong Kong for the Nium business platform and the Instarem money-transfer brand.

The firm provides services from Hong Kong under its C&ED licence. Other group entities serve other countries under their own licences.

- **Payment volume:** USD 84bnpayments processed over the last 12 months Group · 29 Sep 2026 · [company statement ↗](https://www.nium.com/)
- **Sells to:** Financial institutions · Enterprises · Platforms and marketplaces · Small businesses · Consumers
- **Serves customers in:** Hong Kong SAR China
- **Latest funding round:** Series E · USD 50m Jun 2024 [nium.com ↗](https://www.nium.com/newsroom/nium-raises-us50-million-in-series-e-round-to-expand-real-time-payments-global-infrastructure)

## Leadership

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/nium-limited-38cbee9ee116#overview-sources)

- **Chief executive:** Prajit Nanu Founder and CEO (Nium group) Confirmed 29 Sep 2026 · [nium.com ↗](https://www.nium.com/about-us)
- **Chief financial officer:** Andre Mancl Chief Financial Officer (Nium group) Confirmed 29 Sep 2026 · [nium.com ↗](https://www.nium.com/about-us)
- **Compliance / MLRO:** Amaresh Mohan Chief Risk and Compliance Officer (Nium group) Confirmed 29 Sep 2026 · [nium.com ↗](https://www.nium.com/about-us)
- **Executive:** Spencer Hanlon Chief Operating Officer (Nium group) Confirmed 29 Sep 2026 · [nium.com ↗](https://www.nium.com/about-us)
- **Executive:** Anupam Pahuja Chief Business Officer (Nium group) Confirmed 29 Sep 2026 · [nium.com ↗](https://www.nium.com/about-us)
- **Executive:** Sekhar Cidambi Chief Technology Officer (Nium group) Confirmed 29 Sep 2026 · [nium.com ↗](https://www.nium.com/about-us)

## Recent events 1 enforcement or investigation item

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/nium-limited-38cbee9ee116#overview-sources)

1.  Jul 2026

    Merger / acquisition

    The Nium group acquired Cypher, a crypto wallet and card issuing firm. Cypher's founder joined as Vice President of Digital Assets.

    [prnewswire.com ↗](https://www.prnewswire.com/news-releases/nium-acquires-cypher-expanding-its-fiat-to-on-chain-money-movement-infrastructure-302821241.html)

2.  Feb 2026

    Leadership

    The Nium group appointed Sekhar Cidambi as CTO, Amaresh Mohan as Chief Risk and Compliance Officer and Danielle Gotkis as CMO.

    [nium.com ↗](https://www.nium.com/newsroom/new-c-suite-hires-lead-next-era-of-global-payments-infrastructure)

3.  Dec 2025

    Security incident

    Nium, Inc., the group's US sister company, notified the New Hampshire authorities of unauthorised access to a file system containing customer personal data.

    [mm.nh.gov ↗](https://mm.nh.gov/files/uploads/doj/remote-docs/nium-20251211.pdf)

4.  Jun 2024

    Funding

    The Nium group raised USD 50 million in a Series E round at a post-money valuation of USD 1.4 billion.

    [nium.com ↗](https://www.nium.com/newsroom/nium-raises-us50-million-in-series-e-round-to-expand-real-time-payments-global-infrastructure)

Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.

## Identifiers

- **Licence no. · CED-MSO:** 16-01-01797
- **BIC:** Holds no BIC in Swift’s directory
- **LEI:** [2549001N9XHKPWEJR945 ↗](https://search.gleif.org/#/record/2549001N9XHKPWEJR945)
- **How the LEI was matched:** Matched by Elucidate to GLEIF on name, country and address
- **Elucidate firm ID:** 38cbee9ee116

## Profile

- **Type:** Money service business
- **Regulation:** AML registration only
- **Main licence class:** Money Transmitter / Remittance
- **Activities:** - Money remittance - Currency exchange
- **Licensed in:** [Hong Kong SAR China](https://elucidate.co/directory/country/hk) · East Asia & Pacific
- **First registered:** Not published

Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.

## Ownership and group

GLEIF relationship records

- **Direct parent:** [Nium Pte. Ltd.](https://elucidate.co/directory/nium-pte-ltd-isptsgsg) · Singapore[2549001M1QCD7NV2FL63 ↗](https://search.gleif.org/#/record/2549001M1QCD7NV2FL63)

The Nium Pte. Ltd. group has 6 institutions in the directory, in 6 countries: 2 hold a BIC and 4 do not.

Including [Nium Europe B.V.](https://elucidate.co/directory/nium-europe-b-v-0008934f8b4c), [Nium Fintech Limited](https://elucidate.co/directory/nium-fintech-limited-e3a36058fae6), [Nium Canada Corporation](https://elucidate.co/directory/nium-canada-corporation-7362f5c44026), [Nium Pte. Ltd.](https://elucidate.co/directory/nium-pte-ltd-isptsgsg), [Nium Pty Limited](https://elucidate.co/directory/nium-pty-limited-niptau32).

[See the Nium Pte. Ltd. group →](https://elucidate.co/directory/group/2549001M1QCD7NV2FL63)

Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.

## Addresses

- **Address on the register:** ROOM 517, 5/F, INNO CENTRE, 72 TAT CHEE AVENUE, KOWLOON TONG, KOWLOON, Hong Kong
- **Country:** Hong Kong SAR China

## ISO 20022 identification

As an agent in a Swift cross-border payment message (CBPR+)

This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.

- **Identified by:** Name and postal address, with its LEI
- **Postal address:** Does not fit the CBPR+ limits
-   The address does not fit in the two address lines of 35 characters that CBPR+ allows next to a town and country.

The LEI record in GLEIF holds a structured legal address.

CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.

The values are as published by the register. Check them against your own records before use.

## Related institutions

### Same group

-   [Nium Europe B.V. No BIC Payments & e-money Prudential licence Netherlands · Licensed by The Netherlands Bank · R193543 (EBA-PSD2) · LEI 254900KH5O44E0CJ7714](https://elucidate.co/directory/nium-europe-b-v-0008934f8b4c)
-   [Nium Fintech Limited · trading as Nium, Instarem No BIC Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 901024 (FCA-EMI) · LEI 254900K4204VHFEGSW95](https://elucidate.co/directory/nium-fintech-limited-e3a36058fae6)
-   [Nium Canada Corporation · trading as NIUM No BIC Money service business AML registration only Canada · Registered with FINTRAC · M15669293 (FINTRAC-MSB) · LEI 254900G5VDERDTFMS463](https://elucidate.co/directory/nium-canada-corporation-7362f5c44026)
-   [Nium Pte. Ltd. BIC ISPTSGSG Financial institution Not on a tracked register Singapore · Not on a tracked register · LEI 2549001M1QCD7NV2FL63](https://elucidate.co/directory/nium-pte-ltd-isptsgsg)
-   [Nium Pty Limited BIC NIPTAU32 Financial institution Not on a tracked register Australia · Not on a tracked register · LEI 254900XQCWEZNFD26W96](https://elucidate.co/directory/nium-pty-limited-niptau32)

[All 6 institutions in the Nium Pte. Ltd. group →](https://elucidate.co/directory/group/2549001M1QCD7NV2FL63)

### Other money service businesses in Hong Kong SAR China

-   [Express Exchange Company Limited · trading as EXPRESSEX, EXPRESS EXCHANGE No BIC Money service business AML registration only Hong Kong SAR China · Registered with Customs and Excise Department (C&ED) · 19-03-02743 (CED-MSO) · No LEI mapped](https://elucidate.co/directory/express-exchange-company-limited-4e59a0c0c678)
-   [2xchange Fintech Limited · trading as 2XCHANGE No BIC Money service business AML registration only Hong Kong SAR China · Registered with Customs and Excise Department (C&ED) · 14-05-01418 (CED-MSO) · No LEI mapped](https://elucidate.co/directory/2xchange-fintech-limited-75c2c71b5edd)
-   [3 Sing International Limited · trading as 3 SING CURRENCY EXCHANGE No BIC Money service business AML registration only Hong Kong SAR China · Registered with Customs and Excise Department (C&ED) · 12-06-00273 (CED-MSO) · No LEI mapped](https://elucidate.co/directory/3-sing-international-limited-51406ed774f9)
-   [3s Money (Hong Kong) Limited No BIC Money service business AML registration only Hong Kong SAR China · Registered with Customs and Excise Department (C&ED) · 25-03-03261 (CED-MSO) · No LEI mapped](https://elucidate.co/directory/3s-money-hong-kong-limited-a5029c8e49f3)
-   [5d Leading Tech Limited No BIC Money service business AML registration only Hong Kong SAR China · Registered with Customs and Excise Department (C&ED) · 21-10-03055 (CED-MSO) · No LEI mapped](https://elucidate.co/directory/5d-leading-tech-limited-e22786d94fab)
-   [9 Lions Gate Limited · trading as LIONS GATE No BIC Money service business AML registration only Hong Kong SAR China · Registered with Customs and Excise Department (C&ED) · 16-09-01922 (CED-MSO) · No LEI mapped](https://elucidate.co/directory/9-lions-gate-limited-8a05d9bdc12f)
-   [AB Point Limited · trading as KAM FAT EXCHANGE No BIC Money service business AML registration only Hong Kong SAR China · Registered with Customs and Excise Department (C&ED) · 21-11-03070 (CED-MSO) · No LEI mapped](https://elucidate.co/directory/ab-point-limited-00a6b3d610b8)
-   [Able Leaders Limited · trading as DOR FORTUNE No BIC Money service business AML registration only Hong Kong SAR China · Registered with Customs and Excise Department (C&ED) · 15-04-01628 (CED-MSO) · No LEI mapped](https://elucidate.co/directory/able-leaders-limited-8d4741df5460)

[See all →](https://elucidate.co/directory/search?type=msb&cc=HK) [Other entries on CED-MSO →](https://elucidate.co/directory/register/ced-mso)

Sources & method

Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.

An institution missing from these registers is not necessarily unregulated.

Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.

An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.

[Read the methodology →](https://elucidate.co/directory/methodology)

Register for this page

-   **Register of Money Service Operators (AMLO Cap. 615)**—Customs and Excise Department (C&ED), Hong Kong · [source ↗](https://eservices.customs.gov.hk/MSOS/wsrh/001s1?request_locale=en) as at 25 September 2026
-   **Ownership and group**—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
-   **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.

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A licence records what an institution is authorised to do; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions.

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Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.