What Is Nium (Entropay) and How It Dominates Online Casino Payments
Nium is a global payment platform connecting casino players, sportsbooks, and live dealer sites with instant, secure transactions. Originally launched as Entropay, the brand made waves for its virtual Visa cards that allowed players to deposit seamlessly while bypassing restrictive banks. In 2019, Entropay became part of Nium – a world-leading fintech now operating in over 190 countries. Today, it’s one of the fastest, most compliant, and most trusted payment systems used in online casinos worldwide. Unlike standard e-wallets or debit cards, Nium delivers real-time fund transfers, multi-currency support, and bank-grade transparency. For players, that means near-instant deposits, predictable withdrawal times, and full visibility on every transaction. Nium’s Chronometer tool even lets users track their money in real time, which is something almost no other casino payment solution offers.
History of Nium (Entropay)
The story of Nium begins in 2014, when Mumbai-born entrepreneur Prajit Nanu grew frustrated by how long it took to send money internationally. Determined to fix this, he launched Instarem, a cross-border payments startup built to remove the inefficiency and hidden costs of traditional banking. What started as a consumer remittance platform quickly evolved into a global payment infrastructure, trusted by individuals, fintechs, and financial institutions. By 2015, Nanu had expanded operations across Asia, Singapore, and Australia, securing its first licenses and processing over 100,000 monthly transactions. Within just a few years, the company secured EMI licenses in Lithuania and the UK, MSB approvals across Canada, Hong Kong, and the U.S., and raised millions in capital from international investors such as Vertex Ventures and GSR Ventures.
Key Milestones (2015–2020):
🌍 Expanded into 10+ international payment corridors within two years.
💸 Processed its first $1 billion in transactions by 2017.
🏦 Introduced multi-currency accounts and real-time transfers in 2018.
💳 Launched card issuing across Asia and Australia in 2019.
⚙️ Officially rebranded as Nium, a global fintech infrastructure provider, in 2020.
During this transformation, Entropay (known for its secure virtual card technology) became part of Nium’s growing ecosystem. This wasn’t just an acquisition; it was a strategic fusion of strengths. Entropay’s established reputation in online gaming payments aligned perfectly with Nium’s modern, API-driven architecture, creating a powerhouse for the global casino and betting industry.
By 2023, Nium had issued over 75 million cards, processed $25 billion annually, and enabled payments in 190+ countries with more than 100 real-time destinations.
🏆 The result: a payment network that redefines iGaming transactions. Nium didn’t just adapt to the casino market, but reinvented how money moves in it, making payments as instant, transparent, and dynamic as the games themselves.