Global payments infrastructure provider Nium has acquired Cypher, a non-custodial crypto wallet and Visa-powered card company, in a move designed to deepen its foothold in the fast-growing market for crypto-linked spending products.

Financial terms were not disclosed, but the strategic rationale is straightforward: Nium gets a ready-built crypto card stack, and Cypher gets the global distribution muscle to actually scale it.

What Cypher actually does

Cypher built a non-custodial wallet, meaning users retain control of their own private keys rather than handing assets to a third party. Cypher’s cards are powered by Visa and work across more than 25 EVM and Cosmos blockchain networks, giving cardholders the ability to spend assets from a wide range of chains. The platform also supports zero-fee USDC loading, which removes one of the more significant friction points that has historically slowed consumer adoption of crypto-linked payment products.

Nium had already launched a stablecoin-backed card issuance platform on March 30, 2026, supporting both Visa and Mastercard. That platform allows businesses to issue their own cards through a single API integration. Cypher slots directly into that architecture.

Why this fits Nium’s broader strategy

Nium is Singapore-headquartered and operates real-time cross-border payments, card issuance, and banking-as-a-service capabilities to businesses in more than 100 countries.

The Cypher acquisition is its third on record, following the purchase of Ixaris in September 2021 and Socash in April 2022. Both prior deals expanded Nium’s card and cash distribution capabilities in specific markets.

Nium’s single-API card issuance model allows fintech companies, neobanks, and corporate expense platforms to add crypto spending features without rebuilding their entire stack.

What this means for the crypto card market

Regulatory approvals for the deal have not been announced, and integration timelines were not shared alongside the acquisition news.