Nuvei agrees to acquire licensed Payment Institution in Brazil
Nuvei (Nasdaq: NVEI) (TSX: NVEI) has announced a definitive agreement to acquire Pay2All, a licensed Payment Institution in Brazil. This strategic move aims to enhance Nuvei's capabilities in the Brazilian market and strengthen its presence in Latin America. The acquisition will enable Nuvei to offer comprehensive payment services in Brazil, including accepting payments, managing e-wallets, and processing PIX transactions.
The Payment Institution license is important for providing transactional services in Brazil's newly regulated sports betting and online gaming market. With the Brazilian iGaming market projected to reach US$4.03bn by 2029, Nuvei is positioning itself as a leading payment partner for iGaming and eCommerce ecosystems in the country. The transaction is subject to regulatory approvals from the Central Bank of Brazil and local antitrust authorities.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) ha annunciato un accordo definitivo per acquisire Pay2All, un'Istituzione di Pagamento autorizzata in Brasile. Questa mossa strategica mira a potenziare le capacità di Nuvei nel mercato brasiliano e rafforzare la sua presenza in America Latina. L'acquisizione consentirà a Nuvei di offrire servizi di pagamento completi in Brasile, inclusi l'accettazione di pagamenti, la gestione di portafogli elettronici e l'elaborazione di transazioni PIX.
La licenza per Istituzioni di Pagamento è fondamentale per fornire servizi transazionali nel nuovo mercato regolamentato delle scommesse sportive e del gioco online in Brasile. Con il mercato dell'iGaming brasiliano previsto a raggiungere 4,03 miliardi di dollari USA entro il 2029, Nuvei si sta posizionando come un partner di pagamento leader per gli ecosistemi di iGaming e eCommerce nel paese. La transazione è soggetta ad approvazioni normative da parte della Banca Centrale del Brasile e delle autorità locali antitrust.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) ha anunciado un acuerdo definitivo para adquirir Pay2All, una Institución de Pago licenciada en Brasil. Este movimiento estratégico tiene como objetivo mejorar las capacidades de Nuvei en el mercado brasileño y fortalecer su presencia en América Latina. La adquisición permitirá a Nuvei ofrecer servicios de pago integrales en Brasil, que incluyen la aceptación de pagos, la gestión de billeteras electrónicas y el procesamiento de transacciones PIX.
La licencia de Institución de Pago es importante para proporcionar servicios transaccionales en el recién regulado mercado de apuestas deportivas y juegos en línea en Brasil. Con el mercado del iGaming brasileño proyectado para alcanzar 4,03 mil millones de dólares estadounidenses para 2029, Nuvei se está posicionando como un socio de pago líder para los ecosistemas de iGaming y comercio electrónico en el país. La transacción está sujeta a aprobaciones regulatorias por parte del Banco Central de Brasil y las autoridades locales de competencia.
Nuvei (Nasdaq: NVEI) (TSX: NVEI)가 브라질에 있는 허가된 결제 기관인 Pay2All을 인수하기 위한 최종 계약을 발표했습니다. 이 전략적 결정은 브라질 시장에서 Nuvei의 능력을 향상시키고 라틴 아메리카에서의 입지를 강화하는 것을 목표로 하고 있습니다. 인수를 통해 Nuvei는 브라질에서 결제 수락, 전자 지갑 관리 및 PIX 거래 처리를 포함한 포괄적인 결제 서비스를 제공할 수 있게 됩니다.
결제 기관 라이센스는 브라질의 새로 규제된 스포츠 베팅 및 온라인 게임 시장에서 거래 서비스를 제공하는 데 중요합니다. 2029년까지 브라질 iGaming 시장이 40억 3천만 달러에 이를 것으로 예상되는 가운데 Nuvei는 이 나라의 iGaming 및 전자 상거래 생태계의 주요 결제 파트너로 자리 잡고 있습니다. 이 거래는 브라질 중앙은행 및 현지 반독점 기관의 규제 승인을 받아야 합니다.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) a annoncé un accord définitif pour acquérir Pay2All, une Institution de Paiement agréée au Brésil. Ce mouvement stratégique vise à renforcer les capacités de Nuvei sur le marché brésilien et à consolider sa présence en Amérique Latine. L'acquisition permettra à Nuvei d'offrir des services de paiement complets au Brésil, y compris l'acceptation de paiements, la gestion de portefeuilles électroniques et le traitement des transactions PIX.
La licence d'Institution de Paiement est cruciale pour fournir des services transactionnels sur le marché nouvellement réglementé des paris sportifs et des jeux en ligne au Brésil. Avec le marché de l'iGaming brésilien prévu d'atteindre 4,03 milliards de dollars américains d'ici 2029, Nuvei se positionne comme un partenaire de paiement de premier plan pour les écosystèmes iGaming et eCommerce dans le pays. La transaction est soumise à des approbations réglementaires de la Banque Centrale du Brésil et des autorités locales de la concurrence.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) hat eine verbindliche Vereinbarung zur Übernahme von Pay2All, einer lizenzierten Zahlungsinstitution in Brasilien, bekannt gegeben. Dieser strategische Schritt zielt darauf ab, die Fähigkeiten von Nuvei im brasilianischen Markt zu verbessern und die Präsenz in Lateinamerika zu stärken. Die Übernahme wird es Nuvei ermöglichen, umfassende Zahlungsdienstleistungen in Brasilien anzubieten, einschließlich der Annahme von Zahlungen, der Verwaltung von E-Wallets und der Abwicklung von PIX-Transaktionen.
Die Lizenz als Zahlungsinstitution ist wichtig für die Bereitstellung von Transaktionsdiensten im neu regulierten Markt für Sportwetten und Online-Gaming in Brasilien. Da der brasilianische iGaming-Markt voraussichtlich bis 2029 4,03 Milliarden US-Dollar erreichen wird, positioniert sich Nuvei als führender Zahlungspartner für iGaming- und E-Commerce-Ökosysteme im Land. Die Transaktion unterliegt der Genehmigung durch die Zentralbank Brasiliens und die lokalen Wettbewerbsbehörden.
- Acquisition of Pay2All strengthens Nuvei's presence in the Latin American market
- Payment Institution license enables Nuvei to offer comprehensive payment services in Brazil
- Positions Nuvei to capitalize on Brazil's growing iGaming market, projected to reach US$4.03bn by 2029
- Expands Nuvei's capabilities in accepting payments, managing e-wallets, and processing PIX transactions
- Transaction is subject to regulatory approvals, which may delay or potentially hinder the acquisition
Insights
Nuvei's acquisition of Pay2All is a strategic move with significant implications for the company's growth in Brazil and LATAM. The Payment Institution license will enable Nuvei to offer comprehensive payment services, including e-wallet management and PIX transaction processing. This positions Nuvei favorably in Brazil's burgeoning iGaming market, projected to reach
The acquisition aligns with Nuvei's global expansion strategy, following its entry into Colombia and ongoing efforts in Mexico. This diversification across LATAM markets could potentially reduce regional risks and enhance revenue streams. However, investors should note that the deal is subject to regulatory approvals, which could impact the timeline and final terms of the acquisition.
Nuvei's acquisition of Pay2All is a calculated entry into Brazil's rapidly growing fintech and iGaming sectors. The move is timely, considering Brazil's recent regulation of sports betting and online gaming (Law No. 14.790/23). This positions Nuvei as a first-mover in a potentially lucrative market.
The projected
The acquisition of Pay2All and its Payment Institution license is a crucial legal step for Nuvei's expansion in Brazil. This license, authorized by the Central Bank of Brazil, is essential for compliance with local regulations, particularly in the newly regulated sports betting and online gaming market under Law No. 14.790/23.
However, the deal's completion hinges on regulatory approvals from the Central Bank of Brazil and local antitrust authorities. These processes can be complex and time-consuming, potentially affecting the acquisition timeline. Investors should monitor these regulatory developments closely, as they could impact Nuvei's ability to fully capitalize on the Brazilian market opportunity in the short term.
Proposed acquisition represents significant milestone in global expansion strategy and further strengthens Nuvei's presence in LATAM
The Payment Institution license will enable Nuvei to offer comprehensive payment services in
A Payment Institution license is required to provide transactional services for authorized operators in the newly regulated market of sports betting and online gaming, in accordance with Law No. 14.790/23.
By securing a Payment Institution license, Nuvei will be well positioned as a payment partner of choice to the iGaming and broader eCommerce ecosystems in
Philip Fayer, Nuvei Chair and CEO, commented on the announcement: "Securing a Payment Institution license in
In 2024, Nuvei already signaled its commitment to growth in LATAM through its announcement that it was the first global payments company to offer direct local acquiring in
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei's modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 700 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
For more information, visit www.nuvei.com
Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "Forward-looking information") within the meaning of applicable securities laws. This Forward-looking information is identified by the use of terms and phrases such as "may", "would", "should", "could", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "believe", or "continue", the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Particularly, statements regarding the obtaining of the Payment Institution license and the anticipated impacts thereof are forward-looking information. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Forward-looking information is based on management's beliefs and assumptions and on information currently available to management and involves known and unknown risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those that are disclosed in or implied by such Forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail under the heading "Risk Factors" in the Company's annual information form filed on March 5, 2024, and under the heading "Risk Factors" in the Company's management's discussion and analysis for the three months ended March 31, 2024.
Contact:
Public Relations
alex.hammond@nuvei.com
Investor Relations
IR@nuvei.com
NVEI-IR
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SOURCE Nuvei
FAQ
What company is Nuvei acquiring in Brazil?
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What is the projected growth of the Brazilian iGaming market according to the press release?
What regulatory approvals does Nuvei need for the acquisition of Pay2All?
