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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) announced it will release its first quarter 2023 financial results on May 10, 2023, before market open. Management will host a conference call to discuss these results at 8:30 am ET. The call will feature CEO Philip Fayer and CFO David Schwartz, and will be accessible via the company's investor relations website.
Live phone access is available at 877-425-9470 (US/Canada) or 201-389-0878 (international). A replay of the call will be offered for two weeks, available after one hour post-call by dialing 844-512-2921 (US/Canada) or 412-317-6671 (international) with conference ID 13737501.
Nuvei is a Canadian fintech company providing flexible payment solutions across more than 200 markets, serving clients with diverse payment options and advanced technology.
Nuvei Corporation (Nasdaq: NVEI) has enhanced its payment platform, now fully integrated with Sabre Corporation's reservation systems for the travel sector. This integration allows Sabre's partners to access a global reach with customizable payment solutions, improving card payment approval rates and minimizing revenue loss from false declines. Nuvei offers over 600 alternative payment methods, promoting seamless online transactions. The partnership aims to enhance operational efficiency through unified reporting and data visibility. Leading brands like Virgin Atlantic and Air Transat have chosen Nuvei as their preferred payments partner, reflecting its growing impact in the travel industry.
Nuvei Corporation (Nasdaq: NVEI) has been selected as the exclusive payments partner of Cart.com, a leading eCommerce software provider, to enhance customer payment experiences. This collaboration will leverage Nuvei for Platforms, which offers a comprehensive and customizable payment solution, encompassing merchant onboarding, pay-ins, and fraud prevention. Cart.com caters to various merchants, providing an integrated platform for online selling and fulfillment. The partnership aims to equip Cart.com customers with advanced payment technologies to facilitate their growth and competitive edge in eCommerce. Nuvei's Chair and CEO highlighted that this collaboration strengthens the revenue potential for online retailers by optimizing payment solutions for all business sizes.
On April 17, 2023, Ryan Reynolds, the renowned Hollywood actor and entrepreneur, announced his investment in Canadian fintech company Nuvei Corporation (Nasdaq: NVEI). Reynolds highlighted the impressive leadership and growth potential of Nuvei, which connects eCommerce businesses with global customers through over 600 alternative payment methods and local acquiring in more than 200 markets. This investment follows Reynolds' recent successful involvement in the acquisition of Mint Mobile by T-Mobile for $1.35 billion. Nuvei's momentum includes the acquisition of Paya, enhancing its capabilities in B2B and integrated payments. The company's ongoing efforts to expand in LATAM and APAC markets further demonstrate its commitment to global growth.
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