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]

Core Insights - Nuvei has expanded its partnership with Google to integrate Google Pay into its cashier solution for merchants in Latin America, enhancing its global payment options [1][2] - The integration aims to help merchants access new customer segments and drive growth in the region, reflecting Nuvei's commitment to providing a comprehensive suite of payment options [2] Company Developments - Nuvei now offers connectivity to over 720 alternative payment methods through a single integration, allowing merchants to cater to diverse customer preferences across various markets [2] - The partnership with Galeries Lafayette UAE focuses on enhancing eCommerce payment flows, maximizing transaction authorization rates, and facilitating global market expansion [4][5] Industry Trends - The demand for alternative payment methods is increasing due to consumer preferences for convenience and speed, as well as the rise of mobile and digital-first platforms [3] - Approximately 57% of consumers engage in global shopping, indicating a significant growth in cross-border commerce and the need for region-specific alternative payment methods [3]

Core Insights - Nuvei Corporation has launched a blockchain-based payment solution for businesses in Latin America (LATAM), enabling the use of stablecoins for faster cross-border B2B payments and settlements [1][2] - The partnership with Rain, BitGo, and Visa enhances the payment experience, allowing merchants to utilize stablecoins from a digital asset wallet anywhere Visa is accepted, thus simplifying corporate treasury management [2][3] Company Developments - Nuvei's integration of stablecoin technology into its payment platform aims to provide merchants with flexibility, security, and global reach [3] - The company has expanded its services in LATAM, being the first global payments service provider to offer direct local acquiring in Colombia and implementing local acquiring services in Mexico, along with acquiring a Payment Institution license in Brazil [3] Partnership Highlights - Rain's platform connects traditional financial systems with the digital asset ecosystem, facilitating frictionless B2B and stablecoin payments [3] - BitGo provides secure digital asset custody and infrastructure, supporting Nuvei's blockchain payment expansion in LATAM [3][6] Market Context - The launch of this comprehensive blockchain-based payment solution sets a new standard for payment solutions in LATAM, reflecting the region's rapid eCommerce growth [3]

Core Insights - Nuvei Corporation has been selected by Delaware North's interactive gaming division to enhance the player experience for its Betly online casino and sports betting brand through improved deposit and payout processes [1][2][3] Group 1: Partnership Details - The partnership aims to streamline the deposit and payout processes for Betly customers, leveraging Nuvei's local acquiring capabilities in the U.S. to accept card payment deposits and enable various payout methods, including real-time account-to-account transactions [2][3] - Todd San Jule, general manager for Delaware North's interactive gaming division, emphasized the importance of a seamless and secure iGaming cashier experience for customer satisfaction and business growth [3] Group 2: Company Background - Nuvei is a Canadian fintech company that provides modular, flexible, and scalable technology for clients to accept next-gen payments, offer payout options, and manage banking, risk, and fraud services [4] - Delaware North operates Betly Casino & Sportsbook online in multiple states, offering a variety of gaming options and promotions to online casino enthusiasts and sports bettors [5][6]

Core Viewpoint - Canadian FinTech Nuvei is set to become a private company following its acquisition by Advent International, with the deal expected to finalize around November 15, 2023 [1][2]. Group 1: Acquisition Details - The acquisition deal, valued at $6.3 billion, was announced on April 1, 2023, and has received all necessary regulatory approvals [2]. - Nuvei's CEO, Philip Fayer, will retain nearly 25% of the equity in the private company post-acquisition [2]. - The acquisition is seen as a strategic move to allow Nuvei to pursue market opportunities without the pressures of public market valuations [2]. Group 2: Product Development and Partnerships - Since the announcement of the acquisition, Nuvei has expanded its product offerings and partnerships, including a collaboration with BigCommerce [3]. - The integration of Nuvei for Platforms with BigCommerce aims to enhance omnichannel payment processing for customers across North America, Europe, and Asia Pacific [3]. Group 3: Industry Challenges - Nuvei's Chief Revenue Officer, Laura Miller, highlighted the complexities of the payments industry, noting that consumer expectations have evolved to demand safe and secure payment options anytime and anywhere [5]. - The payment experience can be challenging for consumers due to various factors such as error messages, internet stability, and the multitude of payment options available [5].

MONTRÉAL, Nov. 13, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI)(TSX: NVEI), the Canadian fintech company, announced today that it has received all regulatory approvals required in connection with the closing of the previously-announced plan of arrangement under the Canada Business Corporations Act (the "Arrangement") involving the Company and Neon Maple Purchaser Inc., an entity formed by Advent International, with the support and participation of Philip Fayer, certain in ...

Nuvei Corporation (NVEI) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -30.61%. A quarter ago, it was expected that this company would post earnings of $0.47 per share when it actually produced earnings of $0.41, delivering a surprise of -12.77%.Over the last four quarters, the comp ...

Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards ("IFRS")MONTREAL, Nov. 12, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today reported its financial results for the three and nine months ended September 30, 2024."We are pleased to report third quarter financial results that underscore the rapid scaling of our business, with total volume increasing 27% and revenue higher by 17% year ...

Collaboration brings Nuvei's comprehensive Nuvei for Platform integrated payments solution to BigCommerce customers, including seamless omnichannel experiencesMONTREAL and AUSTIN, Texas, Oct. 22, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announced it has partnered with BigCommerce (Nasdaq: BIGC), a leading open SaaS and composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers. This ...

Businesses in Singapore and Hong Kong can now accept payments by JCB credit and debit cards through their existing single integration with Nuvei TOKYO and MONTREAL, Oct. 7, 2024 /PRNewswire/ -- JCB International Co., Ltd. ("JCB"), Japan's only international payment brand, today announced that it has expanded its global partnership with Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, to include Singapore and Hong Kong. This expansion builds upon Nuvei's ...