Nuvei and GAN Launch Strategic Partnership for the North American Gaming Industry

Rhea-AI Summary

Nuvei Corporation (Nasdaq: NVEI) and GAN Limited announce a strategic partnership that enables gaming operators to access Nuvei’s payment solutions through GAN’s software platform. This collaboration follows the regulated gaming market launch in Ontario and aims to expand support across the U.S. and Canada. Players can now benefit from instant deposits and payouts via multiple payment methods. Both companies highlight their commitment to providing best-in-class solutions for the gaming industry, positioning themselves for significant growth.

Positive

• Strategic partnership with GAN enhances Nuvei's market opportunity in North America.
• Integration offers instant deposits and payouts, improving user experience.
• Expands access to multiple regional and alternative payment methods.

Negative

• None.

Operators Can Integrate Nuvei’s Suite of Payment Solutions Through GAN’s Market-Leading Platform Technology

MONTREAL and IRVINE, CA, July 07, 2022 (GLOBE NEWSWIRE) -- Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), tomorrow’s payments platform, and GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”) announce today they have entered a strategic partnership enabling gaming operators to access Nuvei’s full suite of payments solutions through an integration with GAN’s software-as-a-service gaming platform technology.

The partnership commenced following the launch of the regulated gaming market in Ontario earlier this year and is now being extended to support operators across the U.S. and Canada. Nuvei technology is integrated seamlessly into GAN software, and thanks to this partnership, players can instantly deposit and request instant payouts using its industry-leading cashier technology. This includes multiple regional and alternative payment methods in addition to cards, such as Interac and digital wallets.

Don Ryan, President of Enterprise Solutions for GAN, commented on the announcement: “We’re pleased to be partnering with Nuvei to bring such an exciting solution to the North American gaming industry. GAN and Nuvei have strong reputations for delivering best-in-class solutions for operators. This strategic partnership takes our combined proposition to the next level.”

Philip Fayer, CEO & Chair of Nuvei, added: “Offering gaming operators a fully customizable payments platform, including local acquiring solutions and a full suite of payment methods through a single integration, is at the heart of our vision for the future of payments in both gaming and broader verticals.

“Being able to partner with GAN to bring this vision to North American operators is a great step forward for an industry poised for further significant growth in the next few years. GAN is renowned throughout gaming for its market-leading software, which is why we believe this is such an exciting partnership.”

The announcement is the latest from Nuvei as it continues to solidify its position as the payment technology partner of choice for gaming, fantasy sports, and sports betting brands in regulated markets across the globe.

 

About Nuvei   

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is tomorrow’s payment platform. Designed to accelerate customers’ business, 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 45+ markets, 150 currencies and more than 550 alternative payment methods, including cryptocurrencies, 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

Contact:

Investor Relations

IR@nuvei.com

About GAN

GAN is a leading business-to-business supplier of internet gaming software-as-a-service solutions predominantly to the U.S. land-based casino industry. Coolbet, a division of GAN, is a market-leading operator of proprietary online sports betting technology with market leadership positions in select European and Latin American markets. GAN has developed a proprietary internet gaming enterprise software system, GameSTACK™, which it licenses to land-based casino operators as a turnkey technology solution for regulated real money internet gaming, encompassing internet gaming, internet sports gaming, and virtual Simulated Gaming. Additional information about GAN can be found online at www.GAN.com.

Investor Contacts

GAN

Robert Shore

Vice President, IR and Capital Markets

(610) 812-3519

rshore@GAN.com

Alpha IR Group

Ryan Coleman or Davis Snyder

(312) 445-2870

GAN@alpha-ir.com

FAQ

What is the significance of the Nuvei and GAN partnership?

The partnership allows gaming operators to use Nuvei’s payment solutions through GAN’s platform, enhancing payment options and improving user experience.

When did the Nuvei and GAN partnership begin?

The partnership commenced following the launch of the regulated gaming market in Ontario earlier in 2022.

How does Nuvei plan to support gaming operators?

Nuvei offers a fully customizable payments platform that includes local acquiring solutions and multiple payment methods through a single integration.

What payment methods are available through this partnership?

Players can access various payment methods including cards, Interac, and digital wallets.

How does this partnership affect the gaming market in North America?

The partnership positions both companies for significant growth as they enhance payment solutions for gaming operators across the U.S. and Canada.