Nuvei (NVEI)

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Nuvei to Power In-Vehicle Payments for Volkswagen Brazil
PYMNTS.com· 2025-10-10 01:05
Group 1 - Volkswagen Brazil has partnered with Nuvei to implement a customized payment infrastructure for subscription-based connectivity services in its vehicles [2][3] - The solution will facilitate recurring payments for connected car services and telecom data packages through an integrated app in Volkswagen's multimedia system [2][3] - Nuvei's global reach is expected to allow Volkswagen to scale this payment solution across additional markets, enhancing customer relationships through seamless payment experiences [3] Group 2 - Embedded finance solutions, like those provided by Nuvei, enable merchants to facilitate purchases without leaving digital platforms, reducing friction and potentially increasing sales [4][5] - The North Carolina Turnpike Authority has launched a pilot program with Volvo and Mastercard for in-vehicle toll payments, indicating a trend towards embedded vehicle commerce [6] - Sheeva.AI has introduced in-vehicle payment technology in Citroën vehicles in India, allowing fuel payments at numerous stations through the automaker's mobile app [7]
Nuvei and Zuora Launch Recurring Payments Solution for International Enterprises
PYMNTS.com· 2025-08-19 17:10
Core Insights - The integration of Zuora's monetization platform with Nuvei's global payment solutions enhances the ability to support enterprise recurring revenue on a global scale [2] - This partnership aims to improve authorization rates, streamline reconciliation, and facilitate market expansion for international enterprises [3] Company Developments - Nuvei's integration with Zuora reflects its capability to support complex, high-volume businesses, particularly in growth markets like Latin America [4] - Zuora's vice president highlighted that the integration empowers enterprises to scale subscription and hybrid offerings with necessary agility and compliance [5] Market Trends - The subscription economy is maturing, with companies needing to balance choice and simplicity to succeed [5] - Consumer preferences are shifting towards flexible payment models rather than ownership of physical products [6] Product Features - The all-in-one platform allows for comprehensive management of stock, payments, invoicing, and accounts receivable/accounts payable [7]
Luxury Jeweler, Chow Sang Sang, Selects Nuvei to Power Online Payments and Accelerate Global Expansion
Prnewswire· 2025-08-06 12:30
Iconic brand joins growing roster of Nuvei merchants scaling globally from Hong Kong Nuvei is 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 720 alternative payment methods, Nuv ...
Nuvei Expands Clearing and Settlement Platform to US and Canada
PYMNTS.com· 2025-07-31 17:31
Core Insights - Nuvei has expanded its clearing and settlement platform to include the U.S. and Canada, marking a significant milestone in modernizing North American infrastructure [2][3] - The expansion allows merchants in the U.S. and Canada to operate on the same platform as global customers, enhancing transparency, consistency, and control for faster growth and global competition [3] - Early adopters of the platform have experienced a 60% reduction in manual reconciliation time and fewer fee-related inquiries, indicating improved operational efficiency [3] Product Features - The recent expansion follows the introduction of new features aimed at improving authorization rates for Nuvei merchants in North America, including PIN-less debit and least cost routing [4] - These features are designed to enhance authorization rates by up to 3.5 percentage points for applicable transactions, contributing to better transaction success [4] Industry Trends - The evolution of the payments landscape is likened to the progression of gaming consoles, emphasizing the need for businesses to adopt modern tools to remain competitive [5][6] - The shift towards account-to-account payments, with "pay by bank" as the latest evolution, highlights the importance of improved infrastructure and connectivity in the payments industry [6]
Nuvei Expands Global Platform to North America, Unlocking 60% Faster Reconciliation with Granular, Transaction-level Intelligence
Prnewswire· 2025-07-31 12:00
U.S. and Canadian merchants now benefit from per-transaction interchange prediction, real-time settlement visibility, and a unified global experience across all payment operations MONTREAL, July 31, 2025 /PRNewswire/ -- Nuvei today announced the expansion of its proprietary global clearing and settlement platform to include the U.S. and Canada, modernizing its North American infrastructure. The upgrade brings the region onto Nuvei's global standard, giving merchants faster reconciliation, greater transparen ...
Nuvei Adds PINless Debit and Least Cost Routing to Boost Approval Rates in North America
Prnewswire· 2025-07-24 13:00
Core Insights - Nuvei has enhanced its Authorization Optimization Suite, improving authorization rates for merchants in North America by up to 3.5 percentage points, which aids in recovering lost revenue and accelerating growth [1][3]. Group 1: Product Enhancements - The addition of PINless debit and Least Cost Routing allows eligible transactions to bypass traditional card networks, favoring lower-cost local debit networks [2][3]. - Nuvei's smart routing engine utilizes real-time AI and machine learning to analyze transactions, optimizing the path to approval based on various factors such as issuer behavior and regional preferences [4]. Group 2: Merchant Benefits - These enhancements provide merchants with access to debit networks that offer higher approval rates and lower processing costs, allowing them to prioritize either maximum approvals or cost efficiency based on their business goals [3][4]. - With debit transactions constituting over 53% of online card volumes in North America, Nuvei's routing capabilities help merchants optimize margins and performance without increasing operational complexity [4]. Group 3: Intelligent Authorization Features - Nuvei's intelligent authorization stack maximizes the chances of transaction approval by reducing friction and adapting in real-time to issuer requirements [5]. - The Smart Retry feature recovers revenue instantly by reattempting failed transactions through the most promising alternate paths, ensuring a seamless customer experience [5][6]. Group 4: Control and Insights - Nuvei's Control Layer offers merchants deep visibility into performance, real-time alerts, and actionable analytics, combining AI tools with expert human support to enhance payment performance [9]. - Key analytics tools include AI-Powered Approval Analysis, Performance Insights & Trend Monitoring, and Risk & Reporting Dashboards, which help visualize fraud and track authorization success over time [10].
2025年⾼增长市场全球扩张指南-第三部分:墨西哥与中国⾹港-Nuvei
Sou Hu Cai Jing· 2025-07-17 08:07
Group 1 - The guide by Nuvei focuses on the high-growth markets of Mexico and Hong Kong, analyzing their e-commerce development, payment methods, trends, and expansion strategies for global businesses [1][11] - Mexico is the second-largest e-commerce market in Latin America, with a projected market size of $96.7 billion in 2024, expected to reach $184.2 billion by 2027, driven by an internet penetration rate of 81.2% and a significant mobile transaction share [1][16][30] - Hong Kong's e-commerce market is projected to reach $23.5 billion in 2024, with a 95.6% internet penetration rate and 56% of e-commerce transactions coming from international merchants, expected to rise to 59% by 2027 [1][18][36] Group 2 - Payment methods in Mexico are evolving, with debit card usage expected to rise from 38% in 2023 to 46% by 2027, while cash payments are projected to decrease from 6% in 2024 to 3% by 2027 [1][52][59] - In Hong Kong, digital wallets account for 44% of transactions, with credit cards still holding a 42% share, while cash usage is declining to 3% [1][18][36] - The growth of digital wallets in Mexico is significant, with a projected compound annual growth rate (CAGR) of 30% from 2023 to 2027, led by platforms like Mercado Pago [1][51][57] Group 3 - Challenges for businesses expanding in Mexico include complex tax systems, fraud risks, and low bank account penetration (58%), while Hong Kong faces strict compliance and intense competition [2][14] - Future trends in payment innovation are driven by technology, including real-time payments, AI fraud prevention, and embedded finance [2][10] - Nuvei offers over 700 payment methods and local acquiring networks to help businesses navigate these challenges and tap into growth potential in both markets [2][19]
Virgin Voyages Selects Nuvei to Power In-App Payments on the "World's Most Irresistible Cruise Line"
Prnewswire· 2025-06-25 12:00
Core Insights - Nuvei has expanded its partnership with Virgin Voyages to facilitate in-app purchases on its cruise ships, reinforcing its position as a leading payments provider in the travel and hospitality sector [1][3] - The Virgin Voyages mobile app serves as a digital hub for guests, allowing them to personalize their experiences and make purchases seamlessly [2][3] - Nuvei's technology enhances the travel commerce experience by increasing conversion rates, reducing fraud, and enabling companies to scale into new markets [3][4] Company Overview - Nuvei offers modular, flexible, and scalable technology that supports next-gen payments, payout options, card issuing, banking, risk, and fraud management services [4] - The company operates in over 200 markets, with local acquiring in 50 markets, supporting 150 currencies and more than 720 alternative payment methods [4][6] - Nuvei's solutions include real-time payment orchestration and tokenization, as well as embedded compliance and settlement tools for cross-border travel commerce [6] Virgin Voyages Overview - Virgin Voyages is an award-winning adult-only cruise line founded by Sir Richard Branson, known for its luxurious and contemporary cruise experiences [5][7] - The cruise line offers over 60 unique itineraries, sailing to more than 150 ports, and features a variety of dining options and entertainment experiences [5][7] - Virgin Voyages has received accolades as the best cruise line in both Condé Nast Traveler's and Travel + Leisure's Readers' Choice Awards for 2023 and 2024 [7]
Nuvei Completes Acquisition of Paywiser Japan Limited
PYMNTS.com· 2025-01-27 19:29
Acquisition and Expansion - Canadian FinTech Nuvei has completed its acquisition of Paywiser Japan Limited, including its acquiring license granted by the Japanese Ministry of Economy, Trade and Industry [1] - With this license, Nuvei can launch direct acquiring capabilities in Japan across all major card schemes and extend its direct connectivity with alternative payment methods in the country [1] - This expansion aligns with Nuvei's strategic priorities to grow its global footprint, offer localized payments experiences, and enable customers to get closer to their customers through payments [2] Technology and Market Reach - Nuvei's technology offers payment solutions that help Japanese businesses scale both in-market and cross-border, and assist international customers in expanding into the Japanese market [3] - The company's technology connects businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies, and 720 alternative payment methods [3] - Nuvei's modular payments technology and extensive local expertise position it well to help businesses of all sizes accelerate their growth within the dynamic ecosystem [4] Recent Developments - On Jan 20, Nuvei debuted an omnichannel payment tool for the UK's gaming sector, helping gaming operators lower costs and simplify operations by managing all payments through one API [5] - The platform supports global expansion with localized payment methods and compliance across the globe, while being tailored for the UK market [5] - On Jan 16, Nuvei was integrated into Outpayce's Xchange Payment Platform (XPP), enabling travel merchants using XPP to access Nuvei's payment capabilities for processing transactions across geographies [6] - This integration represents a major leap forward in simplifying and enhancing payment processes for airlines and travel businesses worldwide [6]
Nuvei enters strategic partnership with Gaming Innovation Group (GiG)
Prnewswire· 2025-01-07 13:30
Core Insights - Nuvei Corporation has formed a strategic partnership with GiG to enhance payment functionalities for iGaming operators through GiG's CoreX platform [1][2] - The CoreX platform is an AI-driven player account management system that allows operators to localize operations in regulated jurisdictions, thus meeting diverse market demands [2][3] - The collaboration aims to provide a comprehensive solution for online gaming businesses, leveraging Nuvei's 20 years of payment innovation experience to optimize acceptance rates and manage risks effectively [3][4] Company Capabilities - Nuvei offers extensive global reach, operating in over 200 countries, which facilitates seamless international market expansion for iGaming operators [4][8] - The partnership grants access to 720 alternative payment methods, allowing operators to provide a wide range of deposit and payout options to players [4][5] - Nuvei's technology is modular, flexible, and scalable, enabling clients to accept next-gen payments and benefit from various financial services [8] Leadership Perspectives - Philip Fayer, Nuvei's Chair and CEO, emphasized the commitment to delivering modern payment solutions that drive growth for customers through this partnership [5] - James Coxon, COO of GiG, highlighted that the integration of Nuvei's payment technology into CoreX will enhance payment processes, improving player satisfaction and operational efficiency [5]