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Nuvei Corporation (Nasdaq: NVEI, TSX: NVEI) is a leading provider of payment technology solutions, enabling businesses around the world to accept next-generation payments, offer a variety of payout options, and benefit from services such as card issuing, banking, and risk and fraud management. Headquartered in Canada, Nuvei’s modular, flexible, and scalable technology connects businesses to their customers in over 200 markets, with local acquiring in 50 markets and support for 150 currencies and 700 alternative payment methods, including cryptocurrencies.
Core Business
Nuvei delivers mobile, online, and in-store payment solutions across key geographical segments including North America, Europe, the Middle East and Africa (EMEA), Latin America, and the Asia Pacific. The company's technology is designed to optimize operating costs and boost conversion rates by consolidating payment solutions, maximizing payment acceptance, minimizing risk, and enhancing the consumer payment experience.
Recent Achievements and Current Projects
- In April 2024, Nuvei’s Singapore entity, Nuvei Singapore Pte Ltd, was granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore. This license allows Nuvei to operate domestic and cross-border money transfer services and merchant acquisition services in Singapore.
- Nuvei recently launched Invoice Financing services integrated into leading enterprise resource planning (ERP) platforms, such as Sage and Acumatica. This service helps merchants optimize cash flow and unlock working capital more efficiently.
- Nuvei partnered with Visa to offer Visa Direct in Colombia, enabling near real-time fund delivery directly to financial accounts using card credentials.
Financial Condition
Nuvei generates the majority of its revenue from North America and EMEA. The company’s financial condition remains strong, as evidenced by its recent strategic initiatives and partnerships aimed at expanding its global reach and service offerings.
Partnerships and Products
Nuvei’s strategic partnerships, such as with Mastercard and Visa, have strengthened its product offerings and market presence. The company's full stack modular payments technology platform supports over 700 alternative payment methods, ensuring businesses can offer a wide range of payment options to their customers.
For more detailed information, visit Nuvei's official website.
Nuvei Corporation (Nasdaq: NVEI) has partnered with Hard Rock Digital to enhance the payment services for its Hard Rock Sportsbook mobile app. Players in Arizona and Virginia can now use Nuvei's Instant Bank Transfer for quick deposits and withdrawals. This integration utilizes The Clearing House’s Real Time Payments network, allowing players to access their funds instantly, addressing the critical need for fast payouts in the gaming industry. Nuvei aims to solidify its role as a leading payment technology provider in the U.S. iGaming sector.
Nuvei Corporation (Nasdaq: NVEI) has partnered with Bibox, an AI-driven digital asset trading platform, to enhance access to over 145 cryptocurrencies. This partnership integrates Nuvei's Simplex solution, allowing Bibox users to buy cryptocurrencies with credit/debit cards, Apple Pay, and various transfers. The collaboration aims to deliver a seamless and secure trading experience, backed by fraud protection. Bibox, with over 20 million users globally, stands as a top-tier exchange, known for its security and advanced trading tools, ensuring a trustworthy digital asset management environment.
Nuvei Corporation (Nasdaq: NVEI) announces a partnership with Fifth Third Bank to introduce real-time deposits for U.S. iGaming and sports betting operators. This innovative solution enables merchants to receive instant deposits, leveraging the RTP® network, and significantly reduces fraud risks and insufficient funds issues. The service enhances customer experience, particularly for in-play betting, aligning with Nuvei’s expansion in the U.S. market. CEO Philip Fayer emphasizes this rollout as a transformative shift in payment solutions, enhancing market credibility.
Nuvei Corporation (Nasdaq: NVEI) is expanding its partnership with Novibet to enable the acceptance of Apple Pay, enhancing payment options for players. This integration allows players to make deposits and request payouts through Apple Pay, improving user experience. Novibet, a major player in the European online betting market, plans to grow its international presence, including upcoming launches in the U.S., Mexico, and Canada. Nuvei's expertise in international markets and customizable payment solutions strengthens its position as a leading payments partner in the gaming industry.
Nuvei Corporation (Nasdaq: NVEI) announced a partnership with Eneba, a global gaming marketplace, enhancing its payment solutions. Eneba, with over 5 million active users, will utilize Nuvei's extensive payment options, featuring over 530 methods, to improve customer experience and boost revenue. This collaboration aims to provide a seamless shopping experience, leveraging Nuvei's industry-leading technology to ensure reliability and scalability. Both companies emphasize the importance of trust and safety in online gaming transactions, enabling a more accessible marketplace for gamers worldwide.
Nuvei Corporation (Nasdaq: NVEI) announced a partnership with nextmarkets, a commission-free online broker in Europe. This collaboration aims to enhance nextmarkets' payment capabilities and support its international expansion. Utilizing Nuvei’s platform, nextmarkets will provide over 530 payment methods, facilitating seamless transactions for clients. The partnership aligns with their shared vision of democratizing trading experiences. Nextmarkets operates in seven European markets and offers commission-free trading on thousands of equities and ETFs.
Nuvei (Nasdaq: NVEI) has partnered with Aircash, Croatia's leading mobile wallet, to support its expansion across Europe by providing acquiring and payment gateway services along with over 530 alternative payment methods. This strategic collaboration aims to help Aircash replicate its success in Croatia in markets like Germany, Austria, and Slovenia. Aircash has grown to over 350,000 users, transferring more than 35 million euros monthly. The partnership will enhance Aircash's capabilities for cross-border payments and goods and services transactions, boosting its market presence in the EU.
Nuvei Corporation (Nasdaq: NVEI) has enhanced its integration with XDC Network by collaborating with the XDCPay Web3 wallet. This allows users to purchase XDC using Visa, Mastercard, and Apple Pay with over 100 local currencies. XDCPay simplifies access to decentralized finance and applications, promoting broader market participation. This partnership, which began in July 2021, aims to streamline transactions within the XDC ecosystem, further propelling its growth and user engagement in decentralized finance.
Nuvei Corporation (Nasdaq: NVEI) has announced an automatic share purchase plan (ASPP) related to its previously disclosed normal course issuer bid (NCIB). This plan enables the purchase of up to 6,617,416 subordinate voting shares during regulatory blackout periods. The designated broker will make purchases based on pre-set parameters, effective March 18, 2022. As of now, Nuvei has already acquired 1,175,766 shares under the NCIB.
Nuvei Corporation (Nasdaq: NVEI) has partnered with Ledger to offer direct on-ramps for over 125 cryptocurrencies via its Simplex solution. Users can purchase crypto using various fiat options like Visa and Mastercard, enhancing security and usability by eliminating the need for external exchanges. This integration allows Ledger users to have broader funding options and guarantees protection against fraud. The CEO of Nuvei emphasized the importance of streamlined access to crypto for ecosystem growth, while Ledger's VP noted that the partnership expands their service offerings.
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