ViaPlus and Nuvei partner to offer enhanced payments experience for mobility services
ViaPlus, a subsidiary of VINCI Highways, has partnered with Nuvei to enhance payment options for mobility services. This collaboration integrates ViaPlus' mobility back office with Nuvei's global acquiring and processing capabilities. Consumers will have access to over 700 new payment types in 150+ currencies, including local options like Brazil's Pix, Peru's Pago Efectivo, and Colombia's Nequi. The partnership aims to increase convenience and flexibility for users and agencies by introducing the ViaPlus Nexus™ digital payment network. This initiative is expected to benefit customers in Brazil, Peru, and Colombia, among other regions.
- ViaPlus and Nuvei partnership introduces over 700 new payment types.
- New payment options available in 150+ currencies.
- Enhanced payment experience for mobility services users.
- Local payment methods like Pix (Brazil), Pago Efectivo (Peru), and Nequi (Colombia) included.
- Increased flexibility and convenience for end-users and transportation agencies.
- Introduction of the ViaPlus Nexus™ digital payment network.
- No specific financial figures or projected revenue increases were disclosed.
- Potential integration complexities with existing systems.
- Possible high costs associated with implementing new payment technologies.
The partnership between ViaPlus and Nuvei is intriguing from a financial standpoint, particularly for investors in the fintech and mobility sectors. Nuvei's extensive global acquiring reach and integration of over 700 new payment types provide a substantial enhancement to ViaPlus' existing mobility services infrastructure. The introduction of these numerous payment methods can potentially streamline transactions and boost customer satisfaction.
For Nuvei, this partnership demonstrates their ability to penetrate new markets, specifically in Latin America where local solutions like Brazil's Pix and Peru's Pago Efectivo are crucial. This expansion could lead to higher transaction volumes and increased revenue for Nuvei, offering long-term growth opportunities.
Key financial insights: The partnership's value lies in increasing the payment flexibility for end-users, which could translate to higher adoption rates for ViaPlus services and a broader customer base. However, the success of this initiative hinges on the effective integration and adoption of these new payment methods.
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The mobility and payments sectors are rapidly evolving and this partnership shows a strategic move to enhance user experience and convenience. By incorporating local payment methods like Pix, Pago Efectivo and Nequi, ViaPlus can cater to specific regional preferences, potentially increasing its market penetration in South America. This regional adaptation is essential for companies looking to expand their footprint in different geographies.
Market impact: The collaboration could also set a precedent for other mobility and payment service providers to follow suit, making localized payment adaptability a norm in the industry. This trend towards diverse payment options can help retain and attract customers who value flexibility and convenience.
Rating: 1
- Combined benefits of the ViaPlus mobility back office alongside Nuvei's global acquiring reach and extensive APM connectivity
- 700+ new types of payments in 150+ currencies available to consumers using ViaPlus systems
- New local solutions in countries served by VINCI Highways:
Brazil ,Peru andColombia - Enhanced flexibility for both end-users and transportation agencies
The partnership will integrate ViaPlus' mobility back office, which processes and financially reconciles large volumes of transactions, with Nuvei's global acquiring and processing reach and capacity to manage a wide variety of digital applications through extensive Alternative Payment Methods (APM) integrations.
ViaPlus' single, seamless integration to Nuvei's payment technology platform introduces over 700 new payment types to the ViaPlus system to form a new digital payment network called ViaPlus Nexus™. ViaPlus consumers will be able to pay for mobility services with new methods including standard digital options like Apple Pay, as well as popular local choices in countries served by the VINCI Highways network:
Further benefits include broader accessibility for customers who choose to pay cash via Nuvei's retail payment network, and the general convenience of increased paperless payments.
Richard Arce, president and CEO of ViaPlus, states: "This initiative reflects the commitment of ViaPlus and VINCI Highways to enhancing the driver experience with secure and efficient payment methods for the global mobility ecosystem."
Philip Fayer, Nuvei Chair and CEO, added: "We're thrilled to partner with ViaPlus. Our mission is to enable businesses to connect with their customers more deeply, and this partnership is another great example of the power of payments technology to do this. Enabling consumers to pay wherever they are, whenever they want to, and whichever payment methods they prefer is critical to the modern digital experience."
About ViaPlus
ViaPlus is a global mobility company in the Intelligent Transportation Systems (ITS) market, specializing in revenue and services management solutions for the transportation industry. Our customer operations, data analytics, and full-featured, single-account back-office technology facilitate the high-volume transactions required for seamless multimodal mobility. As a VINCI Highways subsidiary, we are committed to technical innovation and to promoting a positive mobility experience for all.
www.ViaPlus.com
Contact:
Nicole Busse
NBusse@viaplus.com
About VINCI Highways
VINCI Highways, a VINCI Concessions subsidiary, is a leader in road concessions, operations and mobility services. We design, finance, build and operate highways, bridges, tunnels, urban roads and mobility services on a +3,000 km network in 14 countries. VINCI Highways leverages its expertise to deliver the highest performance and safety standards and provide drivers with a positive experience.
More information:
https://www.vinci-concessions.com/en/vinci-highways
https://www.linkedin.com/company/vinci-highways/
@VINCIConcess
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 50 markets, 150 currencies and 700 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
NVEI-IR
Contact:
Public Relations
alex.hammond@nuvei.com
Investor Relations
IR@nuvei.com
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SOURCE Nuvei
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