Welcome to our dedicated page for Nuvei news (Ticker: NVEI), a resource for investors and traders seeking the latest updates and insights on Nuvei stock.
Nuvei Corporation (NVEI) is a leading fintech innovator providing modular payment solutions across 200+ global markets. This page aggregates official news and press releases about the company’s strategic initiatives, financial performance, and technological advancements in digital payments.
Investors and industry professionals will find real-time updates on earnings reports, partnership announcements, product launches, and market expansions. Key coverage areas include payment technology innovations, regulatory developments, and cross-border transaction solutions that define Nuvei’s position in the fintech sector.
All content is curated to provide actionable insights while maintaining compliance with financial disclosure standards. Bookmark this page to stay informed about Nuvei’s global payment infrastructure developments, risk management strategies, and emerging market partnerships.
GTCR announces Paya Holdings Inc. (NASDAQ: PAYA) is set to be acquired by Nuvei Corporation (NASDAQ: NVEI) for approximately $1.3 billion. This all-cash tender offer follows significant transformations within Paya, which processes over $45 billion in annual payments, serving more than 100,000 customers. GTCR has been Paya's largest shareholder since its 2017 acquisition and supported strategic growth, leading to this acquisition. The deal marks a major step in Paya's evolution in the integrated payments sector, enhancing its market presence.
Nuvei Corporation (NVEI) announced the acquisition of Paya Holdings (PAYA) in an all-cash transaction valued at approximately $1.3 billion, or $9.75 per share. This strategic move aims to enhance Nuvei's position in global eCommerce and integrated payments. The deal is expected to create a leading payment technology provider and accelerate growth by diversifying into key non-cyclical verticals with substantial total addressable markets, including B2B, healthcare, and government sectors. The transaction is projected to close by the end of Q1 2023 and is expected to be accretive to adjusted EPS in the same year.
Nuvei Corporation has partnered with Virgin Atlantic to enhance the airline's payment solutions, ensuring seamless and frictionless transactions for travelers. This collaboration will leverage Nuvei’s advanced modular platform, which aims to boost revenue and acceptance rates. The global travel industry is predicted to reach US$992.10 billion by 2026, with 73% of revenue coming from online sales, underscoring the importance of digital payments. This agreement follows similar partnerships Nuvei has made with other major travel brands, reflecting its commitment to innovate within the sector.
Nuvei Corporation (Nasdaq: NVEI) has launched Nuvei for Platforms, a global payment solution aimed at digital platforms, marketplaces, banks, and fintechs. This customizable product enables businesses to integrate payments into their platforms, either branded or white label. It includes comprehensive functionalities like merchant onboarding, pay-in and pay-out options, and fraud management, all in a single integration. CEO Philip Fayer emphasized the solution’s role in enhancing customer retention and revenue generation through superior payment experiences.
Nuvei Corporation (Nasdaq: NVEI) partners with OnBuy, a UK marketplace, to enhance payment services as part of its 2023 growth initiatives. This partnership aims to leverage over 580 alternative payment methods and advanced payment technologies, supporting OnBuy’s goal to expand and innovate its eCommerce platform. OnBuy has invested millions into upgrading its site ahead of its 2023 enhancements, focusing on creating a trusted marketplace. Nuvei emphasizes its role in helping clients accelerate revenues and expand internationally.
Nuvei Corporation (Nasdaq: NVEI) announced its financial results for Q3 and nine months ended September 30, 2022. Key metrics include:
- Total volume grew 30% to $28 billion, with constant currency growth at 38%.
- Revenue increased by 7% to $197 million, though impacted by $11.5 million in foreign exchange losses.
- Net income dropped 54% to $13 million due to share-based payment increases.
- Cash balance remained stable at $754 million.
The company expects continued growth, reaffirming its full-year outlook.
Nuvei Corporation (Nasdaq: NVEI) has appointed Vicky Bindra as the new Chief Product and Operations Officer, effective November 14, 2022. Bindra, previously Chief Product Officer at FIS, brings extensive fintech experience, including leadership roles at Pine Labs, Mastercard, and Visa. His responsibilities will include overseeing product development and operations to enhance revenue generation for Nuvei’s customers. CEO Phil Fayer expressed optimism about Bindra's expertise and leadership, anticipating positive contributions to the company’s growth strategy.
Nuvei Corporation (Nasdaq: NVEI) has announced its third quarter 2022 financial results will be released on November 3, 2022, before market open. A conference call will follow at 8:30 am ET, led by CEO Philip Fayer and CFO David Schwartz. This call will be available via webcast on the company’s investor relations website, with a replay accessible after the live event. Nuvei operates in over 200 markets, providing scalable payment technology and fraud management services.
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.
Nuvei (Nasdaq: NVEI) has been selected by Vanguard Truck Centers as a payment provider to enhance their operations across the U.S. commercial truck dealer group. This partnership aims to optimize business-to-business payment processing, benefiting from Nuvei’s end-to-end solutions.
The U.S. trucking industry was valued at $732 billion in 2020, demonstrating significant market potential. Vanguard operates in 24 locations and offers a range of services, including truck sales and leasing. This collaboration is expected to improve payment processes and customer experiences while supporting Vanguard's growth strategy.
