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Nuvei for Platforms adds new functionality

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Nuvei (Nasdaq: NVEI) (TSX: NVEI) has announced new features and enhancements for its Nuvei for Platforms product. The upgrades aim to accelerate growth and drive revenue for various business models, including marketplaces, commerce platforms, and payment facilitators. Key features include:

1. Decoupled pay-ins and payouts for greater flexibility in managing cash flow and expanding geographic reach.
2. Split Payments for automatic transaction splitting and PSD2 compliance.
3. Auto Reconciliation to simplify accounting and operations.
4. Enhanced Balance Management and Seller Invoicing capabilities.

The Embedded Payments market is projected to grow from $83bn in 2023 to $730bn by 2032, presenting significant revenue opportunities for Nuvei. The company also recently acquired marketplace technology provider Payaut to further support innovation in the payments space.

Nuvei (Nasdaq: NVEI) (TSX: NVEI) ha annunciato nuove funzionalità e miglioramenti per il suo prodotto Nuvei for Platforms. Gli aggiornamenti mirano a accelerare la crescita e aumentare i ricavi per vari modelli di business, inclusi marketplace, piattaforme di commercio e facilitatori di pagamento. Le caratteristiche principali includono:

1. Pay-in e payouts scissi per una maggiore flessibilità nella gestione del cash flow e nell'espansione della portata geografica.
2. Pagamenti suddivisi per la suddivisione automatica delle transazioni e la conformità PSD2.
3. Riconciliazione automatica per semplificare la contabilità e le operazioni.
4. Migliorate capacità di Gestione del Saldo e Fatturazione per Venditori.

Il mercato dei Pagamenti Integrati è previsto crescere da 83 miliardi di dollari nel 2023 a 730 miliardi di dollari entro il 2032, offrendo opportunità di ricavi significative per Nuvei. L'azienda ha anche recentemente acquisito il fornitore di tecnologia per marketplace Payaut per supportare ulteriormente l'innovazione nel settore dei pagamenti.

Nuvei (Nasdaq: NVEI) (TSX: NVEI) ha anunciado nuevas características y mejoras para su producto Nuvei for Platforms. Las actualizaciones tienen como objetivo acelerar el crecimiento y aumentar los ingresos para varios modelos de negocio, incluidos los marketplaces, plataformas de comercio y facilitadores de pago. Las características clave incluyen:

1. Pagos y cobros desacoplados para una mayor flexibilidad en la gestión del flujo de caja y la expansión del alcance geográfico.
2. Pagos divididos para la división automática de transacciones y cumplimiento de PSD2.
3. Reconciliación automática para simplificar la contabilidad y las operaciones.
4. Capacidades mejoradas de Gestión de Saldo y Facturación para Vendedores.

Se prevé que el mercado de Pagos Integrados crezca de 83 mil millones de dólares en 2023 a 730 mil millones de dólares para 2032, lo que presenta oportunidades de ingresos significativas para Nuvei. La compañía también adquirió recientemente al proveedor de tecnología de marketplace Payaut para apoyar aún más la innovación en el espacio de pagos.

Nuvei (Nasdaq: NVEI) (TSX: NVEI)는 Nuvei for Platforms 제품을 위한 새로운 기능과 개선 사항을 발표했습니다. 이러한 업그레이드는 다양한 비즈니스 모델, 즉 마켓플레이스, 상거래 플랫폼 및 결제 중개인을 위한 성장을 가속화하고 수익을 증대하는 것을 목표로 하고 있습니다. 주요 기능은 다음과 같습니다:

1. 구분된 결제 및 출금으로 현금 흐름 관리 및 지리적 범위 확대의 유연성을 증가시킵니다.
2. 분할 결제로 자동 거래 분할과 PSD2 준수를 제공합니다.
3. 자동 조정으로 회계 및 운영을 간소화합니다.
4. 개선된 잔액 관리판매자 청구서 발행 기능입니다.

임베디드 결제 시장은 2023년 830억 달러에서 2032년까지 7300억 달러로 성장할 것으로 예상되며, Nuvei에 상당한 수익 기회를 제공합니다. 또한 이 회사는 최근 결제 공간에서 혁신을 지원하기 위해 마켓플레이스 기술 제공업체인 Payaut를 인수했습니다.

Nuvei (Nasdaq: NVEI) (TSX: NVEI) a annoncé de nouvelles fonctionnalités et améliorations pour son produit Nuvei for Platforms. Les mises à jour visent à accélérer la croissance et augmenter les revenus pour divers modèles commerciaux, y compris les places de marché, les plateformes de commerce et les facilitateurs de paiement. Les principales caractéristiques comprennent :

1. Dépôts et retraits dissociés pour une plus grande flexibilité dans la gestion des flux de trésorerie et l'expansion de la portée géographique.
2. Paiements fractionnés pour le partage automatique des transactions et la conformité PSD2.
3. Réconciliation automatique pour simplifier la comptabilité et les opérations.
4. Améliorations des capacités de Gestion de Solde et de Facturation pour Vendeurs.

Le marché des Paiements Intégrés devrait passer de 83 milliards de dollars en 2023 à 730 milliards de dollars d'ici 2032, offrant ainsi d'importantes opportunités de revenus pour Nuvei. L'entreprise a également récemment acquis le fournisseur de technologie de marché Payaut pour soutenir davantage l'innovation dans le secteur des paiements.

Nuvei (Nasdaq: NVEI) (TSX: NVEI) hat neue Funktionen und Verbesserungen für sein Produkt Nuvei for Platforms angekündigt. Die Aktualisierungen zielen darauf ab, Wachstum zu beschleunigen und Einnahmen zu steigern für verschiedene Geschäftsmodelle, einschließlich Marktplätze, Handelsplattformen und Zahlungsabwickler. Zu den wichtigsten Funktionen gehören:

1. Getrennte Einzahlungen und Auszahlungen für mehr Flexibilität bei der Verwaltung des Cashflows und der geographischen Reichweite.
2. Teilzahlungen für automatische Transaktionsaufteilung und PSD2-Konformität.
3. Automatische Abgleichung zur Vereinfachung der Buchhaltung und der Abläufe.
4. Verbesserte Saldoverwaltung und Rechnungsstellung für Verkäufer.

Der Markt für Eingebettete Zahlungen wird von 83 Milliarden USD im Jahr 2023 auf 730 Milliarden USD bis 2032 wachsen, was Nuvei erhebliche Umsatzmöglichkeiten bietet. Das Unternehmen hat kürzlich auch den Marktplatz-Technologieanbieter Payaut akquiriert, um Innovationen im Zahlungsbereich weiter zu unterstützen.

Positive
  • Launch of new features and enhancements for Nuvei for Platforms product
  • Projected growth of Embedded Payments market from $83bn in 2023 to $730bn by 2032
  • Acquisition of marketplace technology provider Payaut
  • Expansion of payment acceptance options to over 700 local and alternative payment methods
Negative
  • None.

Insights

Nuvei's launch of new features for its Nuvei for Platforms product is a strategic move to capitalize on the rapidly growing Embedded Payments market. With projections indicating a 30% CAGR and potential market size of $730 billion by 2032, this expansion positions Nuvei to capture a significant share of this lucrative market.

The introduction of decoupled pay-ins and payouts, split payments and enhanced reconciliation features addresses key pain points for platforms and marketplaces. These improvements could drive adoption and increase transaction volumes, potentially boosting Nuvei's revenue. The acquisition of Payaut further strengthens Nuvei's marketplace capabilities, indicating a focused growth strategy in this sector.

However, investors should note that while the market opportunity is substantial, competition in the payments space is intense. Nuvei's success will depend on its ability to differentiate its offerings and execute its growth strategy effectively. The stock's performance may be influenced by the company's ability to translate these product enhancements into tangible financial results in the coming quarters.

The enhancements to Nuvei for Platforms align well with current market trends. Marketplaces now account for 40-60% of online consumer purchases, with the top 100 global marketplaces expected to reach a Gross Merchandise Value of $3.8 trillion in 2024. This presents a significant opportunity for Nuvei to expand its market share.

The new features, particularly the decoupled pay-ins and payouts and split payments, address critical needs in the marketplace ecosystem. These improvements could give Nuvei a competitive edge in attracting and retaining platform clients. The expansion of payment method options to over 700 local and alternative methods also positions Nuvei favorably for international growth.

However, the impact on Nuvei's stock may not be immediate. Investors should monitor key performance indicators such as transaction volume growth, client acquisition rates and revenue per transaction to gauge the success of these enhancements. The real test will be Nuvei's ability to convert these product improvements into sustainable financial growth in a highly competitive fintech landscape.

Upgrades to Nuvei's suite of seamless Embedded Payments solutions unlocks new growth opportunities for businesses of all sizes

MONTREAL, Sept. 24, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announced the launch of several new features and enhancements for its Nuvei for Platforms product.

Nuvei for Platforms is designed to accelerate growth and drive revenue for various business models, including marketplaces, commerce platforms, the gig economy, payment facilitators, and independent software vendors (ISVs). Through a single integration, businesses can customize Nuvei's comprehensive suite of payments technology, including merchant onboarding, pay-ins and payouts, optimization, orchestration, fraud prevention, and risk management.

Highlights of Nuvei for Platforms' new features and enhancements include:

  • Decoupled pay-ins and payouts to provide greater flexibility in managing cash flow, optimize currency conversions, and tailor payment strategies to specific market needs. Businesses can also expand their geographic reach for payment acceptance, choosing from over 700 local and alternative payment methods. Nuvei for Platforms currently supports decoupled pay-ins and payouts in the UK and EU, with global expansion to follow.
  • Split Payments: Nuvei's split payments feature streamlines operations by automatically splitting each processed transaction into the platform's commission and the seller's fee, ensuring PSD2 compliance. It also enables seamless multi-seller management and simplifies regulatory compliance by keeping the platform out of the money flow.
  • Auto Reconciliation: Nuvei's auto reconciliation capabilities consolidate multiple incoming payment flows into a single payout to the seller or platform, simplifying accounting and operations.
  • Balance Management: New features include the ability to transfer funds between marketplace and seller accounts, allowing platforms to charge for corrections or monthly fees.
  • Seller Invoicing: Nuvei's seller invoicing feature has been updated to offer enhanced customization and white-label options, allowing businesses to tailor invoices to their brand identity and specific operational needs.

Amidst the digital transformation of the global commerce landscape, the Embedded Payments market is poised for continued rapid growth, translating into substantial revenue opportunities for Nuvei via its Nuvei for Platforms product suite. The market, valued at approximately USD $83bn in 2023, is projected to expand at a compound annual growth rate of greater than 30%, reaching an estimated $730bn by 2032.1

"Our mission is to empower businesses to connect more deeply with their customers through innovative payments solutions. This new functionality is a testament to that commitment," said Philip Fayer, Nuvei's Chair and CEO. "By enhancing the embedded payments capabilities of our platform, we're enabling our customers – from marketplaces and commerce platforms to payment facilitators and software providers – to offer a seamless, customized payments experience that unlocks new growth opportunities."

The growth of marketplace payments

Marketplace payments are experiencing rapid growth, driven by the surge in eCommerce adoption and the international expansion of many of the globe's leading online marketplaces. Marketplaces are now the single largest source of online consumer purchases, with estimates ranging from 40-60% of all consumer payments taking place via a marketplace platform2. The relevance of marketplaces will continue to grow, with Gross Merchandise Value reaching an estimated $3.8tn for the top 100 global marketplaces in 2024.3

By leveraging Nuvei's cutting-edge solutions, businesses can unlock new revenue streams and capitalize on the booming marketplace economy. The flexibility and control provided by the decoupled pay-in and payout processes, along with the availability of localized payment methods, position Nuvei as a key strategic partner in driving marketplace success.

In conjunction with introducing these new product enhancements to its Nuvei for Platforms offering, Nuvei recently acquired marketplace technology provider Payaut and is excited to welcome its expert team that brings even more specialized knowledge to support our ongoing commitment to innovation in the payments space.

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 716 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

NVEI-IR

Contact: 

Public Relations

alex.hammond@nuvei.com

Investor Relations

IR@nuvei.com

1 https://www.paymentscardsandmobile.com/embedded-finance-market-to-reach-730-5-billion-by-2032/

2 https://thepaypers.com/expert-opinion/the-marketplace-landscape-an-analysis-of-current-trends-market-insights-and-future-directions--1268708

3 https://www.digitalcommerce360.com/top-online-marketplaces-data-stats/

 

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SOURCE Nuvei

FAQ

What new features has Nuvei (NVEI) added to its Nuvei for Platforms product?

Nuvei has added decoupled pay-ins and payouts, split payments, auto reconciliation, enhanced balance management, and improved seller invoicing features to its Nuvei for Platforms product.

How is the Embedded Payments market expected to grow according to Nuvei's (NVEI) press release?

The Embedded Payments market is projected to grow from approximately $83 billion in 2023 to an estimated $730 billion by 2032, with a compound annual growth rate of over 30%.

What recent acquisition has Nuvei (NVEI) made to enhance its marketplace technology?

Nuvei has recently acquired marketplace technology provider Payaut to support its ongoing commitment to innovation in the payments space.

How many payment methods does Nuvei (NVEI) support for businesses using its platform?

Nuvei supports over 700 local and alternative payment methods for businesses using its platform.

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