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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.
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Nuvei Corporation integrates its B2B technology into Microsoft Dynamics 365 Business Central, enhancing payment methods and streamlining accounting workflows for small and medium-sized organizations. The integration includes invoice matching and cash acceleration tools, enabling shorter DSO cycles and near-real-time payment information. The announcement reflects Nuvei's mission to accelerate customer growth and expand its portfolio of ERP integrations, tapping into the $120tn B2B payments market.
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Nuvei Corporation partners with Adobe to provide customers access to their payments technology through a single integration with Adobe Commerce, enabling businesses to simplify payments relationships and expand into new markets. Nuvei's API integration to over 680 regional alternative payment methods (APMs) allows Adobe Commerce merchants to reach their customers with local, tailored payment experiences. Additionally, businesses can expand internationally through the same, single integration, and enable Automated Clearing House (ACH) account-to-account transactions in the U.S.
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Nuvei Corporation partners with Euroairlines to process direct and indirect transactions globally, marking a pivotal step in Euroairlines' business growth strategy. Nuvei will support Euroairlines in launching its online B2B2C portal, enabling direct transactions and processing indirect traffic through the UATP-Nuvei partnership.
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Nuvei Corporation partners with Galeries Lafayette UAE to enhance payment capabilities and expand into global markets, leveraging smart routing and 3D Secure technology. The partnership includes integration of popular digital wallets like Apple Pay and Google Pay, with expectations to expand into additional markets and payment methods. Nuvei's proactive approach to payment optimization and real-time analytics will provide Galeries Lafayette UAE with unprecedented control and insight into their payment processes.
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Nuvei Corporation (NVEI) partners with Familiprix, a leading retail pharmacy network in Canada, to launch an eCommerce app, enabling affiliated pharmacists to accept online payments for the first time. This partnership allows over 400 independent pharmacies to expand their market reach and enhance the shopping experience for consumers. Nuvei's full suite of payment services and technology is empowering Familiprix to optimize their payment operations, maximize acceptance rates, and provide a frictionless and secure checkout experience for eCommerce customers.
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Nuvei Corporation (NVEI) receives ISO27001 and ISO27017 certification for global operations and cloud environments, solidifying its position as a leading payment technology provider. The certification reflects Nuvei's commitment to stringent security guidelines and its dedication to providing a safe environment for all transactions. Nuvei's diverse payment capabilities enable high-growth eCommerce merchants to accept over 600 payment methods globally and provide reconciliation, fraud prevention, and risk management services.
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Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI) partners with Microsoft to enhance checkout experience and open new revenue streams for customers. Nuvei's payments technology will be used in the Middle East and Africa, optimizing payments for recurring billing and individual transactions across Office and Xbox products. The partnership aims to extend to additional markets and explore new use cases, including Microsoft Dynamics 365.
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Nuvei Corporation (NVEI) to Participate in Investor Conferences in December 2023
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Nuvei Corporation (NVEI) launches card issuing solution in 30 markets globally, offering virtual and physical white-labelled cards. The new service will be available in 30 markets across the European Economic Area, with a roll-out to the UK, US, and Latin America planned for 2024. The offering enables a wide range of use cases, including virtual cards for B2B customers, payment cards for payouts, and wallet-as-a-service. Nuvei clients can benefit from improved working capital efficiency, authorization rates, seamless payouts, and increased customer loyalty.
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Nuvei Corporation (NVEI) and Nayax (NYAX) are teaming up to enhance unattended payments terminals for electric vehicle charging points in North America. This partnership will enable Circle K and Couche-Tard to accept cashless payments at their thousands of EV charging points in Canada, providing a seamless customer experience. Nayax's EV embedded payment system allows for multiple forms of cashless and contactless payments, processed by Nuvei to optimize payments acceptance and streamline user experience.
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FAQ
What is the current stock price of Nuvei Corporation Subordinate Voting Shares (NVEI)?
The current stock price of Nuvei Corporation Subordinate Voting Shares (NVEI) is $33.99 as of November 19, 2024.
What is the market cap of Nuvei Corporation Subordinate Voting Shares (NVEI)?
The market cap of Nuvei Corporation Subordinate Voting Shares (NVEI) is approximately 4.8B.
What services does Nuvei Corporation provide?
Nuvei provides payment technology solutions including mobile, online, and in-store payments, card issuing, banking, and risk and fraud management services.
In which regions does Nuvei operate?
Nuvei operates in North America, Europe, the Middle East and Africa (EMEA), Latin America, and the Asia Pacific.
What recent achievements has Nuvei accomplished?
Recent achievements include obtaining an MPI license in Singapore, launching Invoice Financing services, and partnering with Visa to offer Visa Direct in Colombia.
How does Nuvei help businesses optimize their payment processes?
Nuvei optimizes payment processes by consolidating payment solutions, maximizing acceptance rates, minimizing risks, and enhancing the consumer payment experience.
What alternative payment methods does Nuvei support?
Nuvei supports over 700 alternative payment methods, including cryptocurrencies, and provides local acquiring in 50 markets.
How does Nuvei's technology benefit its customers?
Nuvei’s modular, flexible, and scalable technology allows businesses to connect with customers globally, optimize operating costs, and boost conversion rates through a single integration.
What are Nuvei's key partnerships?
Nuvei has key partnerships with companies like Mastercard and Visa, enhancing its payment solutions and market reach.
What is the significance of the MPI license in Singapore for Nuvei?
The MPI license allows Nuvei to operate domestic and cross-border money transfer services and merchant acquisition services, enhancing its service offering in Singapore.
How does Nuvei's Invoice Financing service benefit businesses?
Nuvei's Invoice Financing service helps businesses optimize cash flow and unlock working capital efficiently, with quick funds disbursement within 24 hours.
What is Visa Direct, and how is it integrated with Nuvei's services?
Visa Direct is a capability that allows near real-time funds delivery to financial accounts using card credentials. It is integrated with Nuvei's platform to provide instant payout capabilities to merchants in Colombia and other regions.
Nuvei Corporation Subordinate Voting Shares
Nasdaq:NVEI
NVEI Rankings
NVEI Stock Data
4.82B
65.74M
0.19%
78.84%
1.79%
Software - Infrastructure
Technology
United States of America
Montreal