Nuvei launches instant settlement in new geographies
Nuvei Corporation (Nasdaq: NVEI) has introduced instant settlement options for merchants worldwide, specifically utilizing EUROC and USDT stablecoins. This enhancement allows merchants to benefit from round-the-clock liquidity, especially in regions lacking traditional payment solutions such as Instant SEPA or RTP. Stablecoins provide a bridge between cryptocurrency flexibility and traditional currency stability, facilitating better cash flow management. Nuvei's initiative aligns with its mission to support merchants in accelerating their business through innovative payment methods.
- Introduction of instant settlement options in EUROC and USDT stablecoins enhances global merchant capabilities.
- Stablecoins offer a solution for merchants in regions without traditional payment options, improving revenue flow.
- Supports Nuvei's mission to provide innovative payment solutions to accelerate business for clients.
- None.
Nuvei brings new instant settlement options to merchants globally, aiding regions where instant account-to-account payment solutions are not available
Montreal, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that its merchant client base can now benefit from instant settlement globally and around the clock in EUROC and USDT stablecoins.
Fast liquidity is a real revenue accelerator for businesses. While merchants in many countries benefit from instant settlement through various payment schemes such as Instant SEPA, RTP or Faster Payments, alternatives are not always available in all corners of the world. That is where stablecoins come in.
Stablecoins are price-stable digital currencies backed by a fiat currency such as the Euro or US Dollar. Because they combine the benefits of open, borderless cryptocurrency with the price stability of traditional currencies, stablecoins provide new ways to support corporate finance and working capital management.
"The addition of settlement through the EUROC and USDT stablecoins helps merchants build their next-generation payment treasury,” said Nuvei President Yuval Ziv. “Stablecoins can be transacted by utilizing the blockchain making global cashflow easier to manage,” he added.
Nuvei already offers its merchants instant settlement in locations where Instant SEPA, RTP and Faster Payments are available in fiat currencies. But for those merchants trading on the blockchain or those located in regions where these options are not available, settlement in USDT and EUROC stablecoins provides a much needed, viable alternative.
"Providing instant settlement for merchants is part of the broader real-time payments initiatives designed to shape the future of payments,” said Ziv. “With instant settlement now possible globally, around-the-clock and also in EUROC and USDT stablecoins, we’re staying true to our mission of helping merchants accelerate their business through payments.”
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 45+ markets, 150 currencies and more than 570 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.
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