Vereinfache, beschleunige und sichere deine Zahlungen mit der Leistung von Canada Bank Transfer
Genieße mühelose und schnelle Transaktionen online oder per Telefon, mit Sofortzahlungsoptionen für schnelle Geldbewegungen. Unsere zuverlässigen Lösungen bieten robuste Sicherheit und anpassbare Betrugsprävention sowie umfassende, transparente Berichte für deinen Komfort.
Einfache, flexible Online-Bankzahlungen
Bringe dein Geschäft in Schwung, indem du Interac einfach in dein Zahlungssystem integrierst. Erlebe blitzschnelle Zahlungen durch direkte Konto-zu-Konto-Überweisungen.
Schließe dich mit dem robusten Interbankennetzwerk der kanadischen Finanzinstitute zusammen, das jährlich Milliarden von Transaktionen abwickelt.
Ein schneller und sicherer Weg, Geld zwischen Privat- und Geschäftskonten zu überweisen
Interac-Lösungen ermöglichen nahtlose Transaktionen bei den führenden Finanzinstituten des Landes und werden an über einer halben Million Standorten akzeptiert.
Schnelles Bewegen von Geldern mit schnelleren und sofortigen Zahlungsoptionen
Kostengünstige Alternative zu Kreditkarten
Vereinheitliche Funktionen durch eine einzige Integration
Deine ultimative Lösung für Sofortüberweisungen
Entdecke Instant Bank Transfer (IBT), deine ultimative Lösung für eine sichere und nahtlose Zahlungsverifizierung in Kanada.
IBT vereinfacht die Ein- und Auszahlungsprozesse und gewährleistet gleichzeitig eine erstklassige Identitätsprüfung. Vertraue auf die hochmoderne Risikomanagement-Technologie von IBT, um deine Transaktionen abzusichern und einen reibungslosen Ablauf zu gewährleisten.
Steigere die Konversion mit einem schnellen, sicheren mobilen Erlebnis
Nahtlose Benutzererfahrung mit Xpress 1-Klick-Zahlungen
Einfache und schnelle Einzahlungen für ultimativen Komfort
Höhere Transaktionslimits von bis zu 100.000 USD
Modernes Risikomanagement für mehr Sicherheit
Reibungslose Abläufe und sofortige Zahlungen
Kunden und Unternehmen können in Sekundenschnelle Zahlungen tätigen und empfangen.
Profitiere von höheren Konversionsraten und einer verbesserten Benutzerführung, die eine reibungslose und mobile Kundenreise ermöglicht.
Sofortige Zahlungen für Kunden und Unternehmen in Sekundenschnelle
Verbesserte Konversionsraten mit einer reibungslosen mobilen Benutzerführung
Geringere Kosten für die Zahlungsabwicklung durch Umgehung der Kartennetzgebühren
Vereinfache, beschleunige und sichere deine Zahlungen mit der Leistung von UK Bank Transfer
Genieße mühelose und schnelle Transaktionen online oder per Telefon, mit Sofortzahlungsoptionen für schnelle Geldbewegungen. Unsere zuverlässigen Lösungen bieten robuste Sicherheit und anpassbare Betrugsprävention sowie umfassende, transparente Berichte für deinen Komfort.
Einfache, flexible Online-Bankzahlungen
Erlebe sofortige Geldtransfers, umgehe die Beschränkungen des Kartennetzes und nutze die Macht vertrauenswürdiger Bankverbindungen.
Spare Zeit und Geld mit der Abwicklung über das Faster Payments Netzwerk und biete eine zuverlässige und günstige Alternative zu Kreditkarten.
Schnelle und sichere Transaktionen zwischen britischen Bankkonten
24/7-Erreichbarkeit für ununterbrochene Finanztransaktionen
Geldtransfers in Echtzeit für ein verzögerungsfreies Zahlungserlebnis
Genieße den Komfort eines großzügigen Limits von 1.000.000 £ pro Transaktion
Kostengünstige Alternative zu Kreditkarten
Vereinheitliche Funktionen durch eine einzige Integration
Sichere, direkte Bankzahlungen für mühelose Transaktionen
Genieße sichere, problemlose Zahlungen direkt von deinem Bankkonto mit Pay with Bank transfer, das von American Express unterstützt wird und für alle zugänglich ist.
Steigere die Konversion mit einem schnellen, sicheren mobilen Erlebnis
Erhöhte Sicherheit durch Bankauthentifizierung, keine gemeinsamen Zahlungsdaten
Breite Akzeptanz, nicht auf AMEX beschränkt, für britische Bankkunden
Kostengünstige, einfache Gebührenstruktur mit einfacher Abgleichung
Reibungslose Abläufe und sofortige Zahlungen
Kunden und Unternehmen können in Sekundenschnelle Zahlungen tätigen und empfangen.
Profitiere von höheren Konversionsraten und einer verbesserten Benutzerführung, die eine reibungslose und mobile Kundenreise ermöglicht.
Sofortige Zahlungen für Kunden und Unternehmen in Sekundenschnelle
Verbesserte Konversionsraten mit einer reibungslosen mobilen Benutzerführung
Geringere Kosten für die Zahlungsabwicklung durch Umgehung der Kartennetzgebühren
Vereinfache, beschleunige und sichere deine Zahlungen mit EU Bank Transfer
Genieße mühelose und schnelle Transaktionen online oder per Telefon, mit Sofortzahlungsoptionen für schnelle Geldbewegungen. Unsere zuverlässigen Lösungen bieten robuste Sicherheit und anpassbare Betrugsprävention sowie umfassende, transparente Berichte für deinen Komfort.
Schnelle, zuverlässige Online-Bankzahlungen
SEPA (Single Euro Payments Area) verändert den bargeldlosen Zahlungsverkehr in der EU und ermöglicht schnelle Euro-Überweisungen rund um die Uhr und eine nahezu sofortige Bearbeitung für alle Teilnehmer.
Mit einer einzigen Integration kannst du deine Abläufe optimieren, Bestellungen schneller abwickeln und den Cashflow durch blitzschnelle Zahlungen in Echtzeit steigern. Du bietest deinen Kunden einen unvergleichlichen Komfort, egal wo sie sind.
Sofortige Zahlungen sind der beste Ersatz für Bargeld: Der Geldtransfer erfolgt sofort.
24/7/365 Erreichbarkeit für ununterbrochene Finanztransaktionen
Geldtransfers in Echtzeit für ein verzögerungsfreies Zahlungserlebnis
Reduziere die Kosten für die Zahlungsabwicklung, indem du die Gebühren der Kartensysteme abschaffst.
Genieße höhere Transaktionslimits, bis zu 100.000 €.
Umgehe die Grenzen des Kartennetzes für maximale Flexibilität beim Bezahlen
Kunden und Unternehmen können Zahlungen in Sekundenschnelle über ihre vertrauten Bankverbindungen tätigen und empfangen.
Höhere Konversionsraten, ein verbesserter Benutzerpfad, der eine reibungslose, mobil-zentrierte Kundenreise bietet. Geringere Kosten für die Zahlungsabwicklung durch den Wegfall von Gebühren im Zusammenhang mit Kartennetzwerken.
Verbraucher und Händler können sofort und innerhalb von Sekunden bezahlen und bezahlt werden
Höhere Konversionsraten, eine bessere User Journey und ein nahtloses Kundenerlebnis
Reduziere die Kosten für die Zahlungsabwicklung, indem du die Gebühren der Kartensysteme abschaffst.
Kundenauthentifizierung und Null-Rückbuchungs-Garantie
Schützen Sie Ihr Geschäft mit hochsicheren Banküberweisungen
Schütze die Daten deiner Kunden und verhindere Betrug. Verabschiede dich von Rückbuchungen mit unserer garantierten Lösung.
Verbraucher und Händler können sofort und innerhalb von Sekunden bezahlen und bezahlt werden
Chargeback-Garantie-Lösung verfügbar
Bequemer Zugriff auf umfassende, konsolidierte Berichte
Vereinfache, beschleunige und sichere deine Zahlungen mit U.S. Bank Transfer
Genieße mühelose Transaktionen, sofortige Zahlungsoptionen und transparente Berichte. Schütze dein Unternehmen mit unserer Assured Funds Garantie.
Einfache, flexible ACH-Zahlungen
Biete deinen Kunden eine kostengünstige und bequeme Zahlungslösung. Ziehe Geldbeträge für einmalige oder wiederkehrende Transaktionen direkt vom Bankkonto ab.
Spare Zeit und Geld mit der Abwicklung über Automated Clearing House (ACH), Real-time Payments (RTP®) und FedNow.
Vereinfache Zahlungen für Kunden mit einer nahtlosen Kasse
Rationalisierung der Eingabe von Bankdaten - es wird keine physische Karte benötigt
Sichere digitale Anmeldung für schnelle, authentifizierte Zahlungen
Einmalige oder wiederkehrende Transaktionen mühelos verarbeiten
Kostengünstige Alternative zu Kredit- und Debitkarten
Schutz für dein Unternehmen, garantiert
Mit Nuvei's Assured Funds, einer Versicherungslösung, die Unternehmen vor potenziellen Verlusten durch nicht autorisierte, zurückgegebene Zahlungen schützt, kannst du Zahlungsrisiken effektiv mindern.
Gesichert Unverzichtbar
Schützt dich vor unbezahlten Transaktionen und Betrug. Wir übernehmen das Risiko und kümmern uns um das Inkasso, damit du dich auf dein Geschäft konzentrieren kannst.
Garantiert vollständig
Garantiert Gelder für alle Rückgaben, auch für unberechtigte Rückgaben. Eine schnelle Händlerfinanzierung beschleunigt die Abwicklung und Bezahlung.
Sofortige Validierung von Konten für sichere, pünktliche Zahlungen
Verhindere Betrug und reduziere Retouren mit einer intelligenten Genehmigungslogik. Wir bieten drei Validierungsstufen für deine individuellen Geschäftsanforderungen.
Basic
Verbesserte Sicherheit, Echtzeit-Validierung und wirtschaftlich sinnvolle Bankkontoprüfung.
Erweitert
Leistungsstarkes Add-on, das eine tiefere Validierung und eine bessere Betrugsprävention bietet.
Premier
Reduziert administrative und NSF-Rückgaben, indem es den aktuellen Status der Bankkonten der Kunden bereitstellt.
Papierschecks elektronisch verarbeiten
Check 21+ ist eine hochmoderne Zahlungslösung, die es Händlern ermöglicht, Papierschecks elektronisch zu verarbeiten.
Mit dieser innovativen Technologie können sich Händler von zeitraubenden Fahrten zur Bank verabschieden und sich auf eine schnellere und sicherere Abwicklung freuen.
Höhere Schecklimits und weniger Einschränkungen genießen
Vermeide ACH-Beschränkungen
Eliminiere das Risiko mit garantiertem Schutz
Akzeptiere Schecks persönlich, per Post oder in einer Dropbox
Schnelles Abrufen von Zahlungen mit elektronischen Einzahlungen
Wie bei einem gut getunten Rennwagen kann jede noch so kleine Verbesserung in deinen Zahlungsprozessen zu großem Wachstum führen. Maximiere deine Genehmigungsraten und Einnahmen mit der Issuing-Lösung von Nuvei.
Turbolader für deine Marke
Hebe deine Marke mit den anpassbaren physischen Karten von Nuvei hervor.
Bringe deine Marke in die Geldbörsen deiner Kunden und gib ihnen die Möglichkeit, mit deiner Karte für ihre täglichen Ausgaben zu bezahlen.
Passende Karten und Brieftaschen, die die Identität deiner Marke widerspiegeln, einschließlich Logo und Farben
Ermöglicht nahtlose und sichere Transaktionen bei Online-, In-Store- und In-App-Käufen
Schaffe ein konsistentes und bequemes Kundenerlebnis für Stammkunden
Beschleunige deine Transaktionen mit virtuellen Karten
Rationalisiere die Zahlungen an Lieferanten schnell und kostengünstig mit der virtuellen Karte von Nuvei.
Kombiniere die Kartenausgabe mit Acquiring und Abrechnungskonten auf einer Plattform.
Erstelle ganz einfach virtuelle Karten für den einmaligen oder mehrfachen Gebrauch, die auf deine Bedürfnisse zugeschnitten sind, und biete Flexibilität und Kontrolle
Verwalte mühelos einzelne oder stapelweise Kartenformate, um deinen Betrieb effizient zu skalieren
Nutze unsere APIs für die vollständige Automatisierung und nahtlose Integration deiner kartenausgebenden Prozesse
Erleichtere Zahlungen für Verbraucher und Unternehmen mit unseren vielseitigen virtuellen Karten
Der Konkurrenz voraus sein
Optimiere deinen Cashflow mit der Präzision einer Boxencrew und hilf deinem Unternehmen, die Konkurrenz zu überrunden.
Im Gegensatz zu anderen Kartenherausgebern überbrückt die einheitliche Zahlungsplattform von Nuvei das Acquiring und die Kartenausgabe und stellt sicher, dass die Gelder nahtlos und ohne Verzögerungen in deinem Unternehmen fließen.
Erfahrung mit mühelosen Geldtransfers zwischen Acquiring und Issuing Operations
Optimiere deinen Cashflow und reduziere betriebliche Reibungsverluste
Beschleunige deine Zahlungsprozesse mit einer optimierten All-in-One-Lösung
Treibe dein Wachstum mit Präzision an
Maximiere deinen Umsatz und triff fundierte Geschäftsentscheidungen mit den datengestützten Erkenntnissen von Nuvei.
Die leistungsstarke Berichterstattungstechnologie von Nuvei bietet Ihnen die Ansicht ganzheitlicher Zahlungsdaten und detaillierter Transaktionsinformationen – alles auf einer einzigen Plattform.
Nutze die Möglichkeiten des gemeinsamen Austauschs, um deine Einnahmen zu steigern.
Gewinnen Sie wertvolle, umsetzbare Einblicke in Ihre Emissions- und Akquisitionsaktivitäten, um fundierte Geschäftsentscheidungen zu treffen.
Navigiere durch komplexe Daten, um auf wichtige Geschäftseinblicke zu reagieren
Verschaffe dir mit branchenspezifischen Zahlungslösungen den entscheidenden Vorteil
Bringe dein Unternehmen mit den maßgeschneiderten Zahlungen von Nuvei an die Spitze der Branche.
Mit unserer Issuing-Lösung profitierst du von einfacheren, schnelleren Kundenauszahlungen, innovativen Funktionen für die Kreditorenbuchhaltung und einem optimierten B2B-Reiseverkehr.
Auszahlung von Geldern, wie z. B. Gewinnen, auf physische oder virtuelle Karten mit weißem Etikett, um die Loyalität und das Engagement zu erhöhen
Ermöglicht es Online-Reisebüros, virtuelle Karten für die Bezahlung von Fluggesellschaften und Hotels zu erstellen, um Transaktionen zu vereinfachen
Erstelle virtuelle Karten zur Bezahlung von Lieferanten, um komplexe Zahlungssysteme zu vereinfachen und Betrug zu reduzieren
Integrieren Sie sich in unseren globalen Daten-Hub, um den potenziellen Umsatz zu maximieren. Automatisieren Sie die Daten- und Berichtsverteilung, um Ihre Transaktionen zu optimieren.
Transparente Daten auf Abruf
Rufen Sie Ihre Zahlungsaktivitäten über alle Kanäle hinweg ab und verwalten Sie Ihre Händlerkontodaten. Detaillierte Analysen, u. a. zur Zahlungsverkehrsoptimierung, führen zu höheren Genehmigungsraten und Umsätzen
Berichte in Echtzeit, Verarbeitung von Vergleichen und Case-Management helfen, Möglichkeiten zur Umsatzsteigerung und zur Reduzierung von Einnahmeverlusten zu identifizieren.
Beispiellose Transparenz in Ihre Zahlungsdaten
Nutzung großer Mengen komplexer Daten zur Gewinnung klarer, umsetzbarer Erkenntnisse
Einheitliche, dynamische Berichterstattung für alle Ihre Transaktionsaktivitäten
Genehmigung und Sperrung betrügerischer Transaktionen durch unser erweitertes Verifizierungsverfahren
Automatische Planung von Berichten für den Export
Sagen Sie Nein zu Umsatzeinbußen
Konvertieren Sie mehr Zahlungstransaktionen durch datengesteuerte Regeln und innovatives, auf fortschrittlicher Analytik basierendes Routing.
Erstellen Sie Berichte und optimieren Sie Zahlungen von einem zentralen Dashboard aus.
Legen Sie benutzerdefinierte Regeln für Zahlungsmethoden fest, die bei Ablehnungen angezeigt werden
Maximieren Sie die Conversion für gehostete Checkouts
Nutzen Sie die agnostische Konnektivität von Nuvei mit zahlreichen Acquirern, Banken und Zahlungsanbietern
Weniger Umsatzschwund
Wir wachsen im selben Umfang wie Ihr Unternehmen
Das Control Panel von Nuvei wurde speziell für die Skalierung mit Ihrem Unternehmen entwickelt und eignet sich optimal, um Wachstum und sich ändernde Anforderungen ohne Leistungsverluste zu bewältigen.
Dank der integrierten robusten Sicherheit haben Sie die Gewissheit, dass sensible Geschäfts- und Kundendaten geschützt sind.
Passt sich mühelos an Unternehmenswachstum und -expansion an
Unterstützt steigende Datenmengen und Benutzeranforderungen ohne Leistungsverluste
Starke Sicherheitsprotokolle zum Schutz von Geschäfts- und Kundendaten
Robuste Benutzerzugriffskontrollen, um einen unbefugten Datenzugriff zu verhindern
Schaffen Sie bessere Customer Journeys
Verbessern Sie Ihre Customer Journey durch eine intelligente Ausnahmeauswahl.
Unsere proprietäre und leistungsstarke Engine identifiziert die Ausnahmearten, die mit größter Wahrscheinlichkeit genehmigt werden, und bietet Ihren Kunden so ein reibungsloses Erlebnis.
Anpassbare Kontrolle für Ihre spezifischen geschäftlichen Anwendungsfälle
Optimales Risikomanagement zur Gewährleistung der Kundenzufriedenheit
Universelle Kompatibilität, unabhängig von Acquirern
Zusammenführung von Beratung und Technologie
Steigern Sie die Umsätze und sparen Sie Zeit und Geld durch die Automatisierung Ihrer Datenströme. Erhalten Sie mehr Kontrolle über Gebühren, Einzahlungen, Abhebungen, Kontostände und Rückbuchungen.
Erhalten Sie zudem zeitnahe, aussagekräftige Informationen, mit denen Sie den Wettbewerbern stets einen Schritt voraus sind. Wo auch immer Ihre Geschäfte Sie als nächstes hinführen.
Beispiellose Transparenz in Ihre Zahlungsdaten
Echtzeit-Informationen zu Händlertransaktionen über alle Kanäle hinweg
Stärkere Interaktion mit Kundensegmenten, die zu höheren Umsätzen führen
Einfach zu navigierende Dashboard- oder Deep-Dive-Analytik
Verbessern Sie Ihr Geschäftsangebot mit schnelleren und sichereren Ein- und Auszahlungen
Genießen Sie schnelle, mühelose Transaktionen online oder telefonisch, unterstützt durch unsere anpassbare Betrugsprävention und Garantie der zugesicherten Geldmittel. Profitieren Sie von klarem, detailliertem Berichtwesen für vollständige Transparenz.
Blitzschnelle Bereitstellung von Geldmitteln
Warum warten? Erleben Sie blitzschnelle Überweisungen mit unseren Sofortzahlungslösungen. Optimieren Sie Ihre Finanzgeschäfte einfach und schnell und begeistern Sie Ihre Kunden.
Bewegen Sie Geldmittel zügig mit schnelleren und sofortigen Zahlungslösungen
Validieren Sie Konten sofort und gewährleisten Sie pünktliche, effektive Zahlungen
Mehr Flexibilität, um Ihren sich schnell ändernden Geschäftsanforderungen gerecht zu werden
Die Einrichtung kann schnell und einfach erfolgen, um eine schnelle Compliance zu gewährleisten
Umfassende Integrationsunterstützung für sorgenfreies Arbeiten
Nutzen Sie weltweite Zahlungen in Echtzeit
Nutzen Sie die Möglichkeit sofortiger Zahlungen in Echtzeit mit unserem globalen Dienstleisternetzwerk. Wir bieten mit unserer enormen Reichweite eine beispiellose Abdeckung von Banken und Ländern, sodass Sie in der Finanzwelt stets ganz vorn mit dabei sind.
Steigern Sie Ihren Umsatz, bieten Sie Ihren Kunden weltweit außergewöhnlichen Komfort und ermöglichen Sie so Wachstum mit dem Tempo von heute.
Banküberweisungen: Real-Time Payments (RTP®) und FedNow in den USA, SEPA Instant in der EU, Faster Payments und Amex’s Pay mit Banküberweisung im Vereinigten Königreich sowie Interac® Instant für Transaktionen in Kanada
Visa Direct und Mastercard Send: Bieten sofortige Zahlungsmöglichkeiten mit sicheren Geldüberweisungen über verschiedene globale Banken und Zahlungsnetzwerke hinweg
EWallets: einschließlich PayPal, Neteller, Skrill, Pay4Fun, EcoPayz, Much Better und vielen mehr für praktisch sofortige Zahlungen bei minimalen Bearbeitungsgebühren
Bieten Sie Ihren Kunden ein nahtloses Checkout-Erlebnis
Heißen Sie eine Welt willkommen, in der komplizierte Transaktionsprozesse durch ein optimiertes, intuitives Erlebnis ersetzt werden.
Dieser Wandel verspricht nicht nur höhere Konversionsraten sondern auch geringere Verarbeitungskosten und eine besser geschützte Sicherheitsumgebung.
Effizient und sicher – Schutz und Benutzerfreundlichkeit im Gleichgewicht
Integrierte Einfachheit, damit jeder Checkout reibungslos abläuft
Ein umfassender Netzwerkzugang verbindet Sie mit einer Vielzahl von Banken und Finanzinstituten
Reibungslose Anmeldung und Zahlungsabwicklung bei Ihrer Bank für schnellere Transaktionen
Schnell und vertrauenswürdig, für Überweisungen Geld mit bemerkenswerter Geschwindigkeit und Zuverlässigkeit
Verschaffen Sie sich einen Wettbewerbsvorteil durch schnellere Zahlungen und Zahlungsabwicklungen, Flexibilität und Sicherheit
Erfüllen Sie die sich schnell verändernden Anforderungen Ihres Unternehmens mit unseren schnellen und sofortigen Zahlungsoptionen, die den Weg für Wachstum ebnen. Unsere Open-Banking-Technologie und unsere weitreichenden globalen Partnerschaften bieten einen Wettbewerbsvorteil. Alle wichtigen Märkte und Netzwerke, alles durch eine einzige Integration.
Bieten Sie ein nahtloses Kundenerlebnis
Mit unseren Banküberweisungslösungen haben Ihre Kunden den Vorteil, im Rahmen Ihres regulären Checkout-Erlebnisses mit ihren eigenen Bankdaten zahlen zu können.
Verabschieden Sie sich von verwirrenden Transaktionsverfahren und heißen Sie höhere Konversionsraten, niedrigere Verarbeitungskosten und verbesserte Sicherheit willkommen.
Einfache, sichere und flexible Lösung
Einmalige Integration in Ihr Checkout-Erlebnis
Zugang zu den wichtigsten Banken und Finanzinstituten
Reibungs- und nahtlose Anmeldung bei der Bank und Bezahlung
Die Überweisung erfolgt schnell und zuverlässig
Verbessern Sie die Auswahl und den Komfort für Verbraucher
Unsere Banküberweisungslösungen wurden unter Berücksichtigung der Präferenzen Ihrer Kunden entwickelt und bieten ihnen ein größeres Angebot an Zahlungsoptionen, die ihren unterschiedlichen Bedürfnissen gerecht werden.
Dies vereinfacht Transaktionen und erhöht zudem Ihre Attraktivität für ein breiteres Publikum, einschließlich all jener, die keine Kreditkarten verwenden möchten oder Alternativen zu herkömmlichen Zahlungsmethoden bevorzugen.
Ermöglichen Sie die Auswahl der Kundenbank beim Checkout
Keine zusätzlichen Anmeldungen, durch die Käufe verhindert werden
Echtzeitoptionen für schnellere Zahlungen
Garantierte und nicht garantierte Modelle
Unterstützung aller wichtigen Kundenbanken
Sichern Sie Ihre Zahlungen mit beispiellosem Schutz
Treten Sie ein in ein Reich beispielloser Sicherheit mit unseren Null-Rückbuchungslösungen, die Ihr Unternehmen vor Betrug und gleichzeitig die sensiblen Daten Ihrer Kunden schützen.
Unsere garantierte Lösung stellt sicher, dass eine einmal getätigte Zahlung vom Bezahler nicht mehr rückgängig gemacht werden kann. Im Gegensatz zu Kreditkartenzahlungen, die vom Karteninhaber angefochten werden können, gehören bei uns Rückbuchungen der Vergangenheit an.
Sorgenfreiheit bei jeder Transaktion
Historische Prüfungen und das intelligente Genehmigungssystem minimieren potenzielle Retouren
Individuell anpassbare, speziell auf Ihre Bedürfnisse zugeschnittene Sicherheitsmaßnahmen zur Betrugsprävention
Umfassende, konsolidierte, für Benutzerfreundlichkeit konzipierte Berichterstattung
Reduzieren Sie die Kundenkosten, um den Gewinn und die Kundenbindung zu steigern
Bieten Sie Ihren Kunden ein nahtloses Zahlungserlebnis und genießen Sie gleichzeitig die Vorteile niedrigerer Bearbeitungsgebühren im Vergleich zu herkömmlichen Kreditkartentransaktionen.
Diese kostengünstige Lösung macht Zahlungen erschwinglicher und steigert darüber hinaus die operative Effizienz, sodass Sie mehr in Ihr Unternehmenswachstum investieren können.
Niedrigere Bearbeitungsgebühren pro Transaktion
Minimale Rückbuchungsgebühren und -risiken
Reduzierte Interchange- und Netzwerkgebühren
Direkte Einsparungen bei Bank-zu-Bank-Transaktionen
Schnellerer Zugang zu Ihren Einnahmen
Erschließen Sie Wachstum mit unserem globalen Bankennetzwerk
Mit unserem umfangreichen Netzwerk globaler Anbieter hast du eine unübertroffene Länder- und Bankenabdeckung. Sei der Zeit voraus und erweitere deine Einnahmequellen. Erfreue deine Kunden mit unvergleichlichem Komfort, egal wo sie sind.
Mit einem optimierten Prozess läuft alles schneller, genauer und ist kostengünstiger zu verwalten.
Automatisiertes und optimiertes Transaktionsmanagement
Gleichen und stimmen Sie Ihre Zahlungen automatisch über mehrere Dienstleister und Datenquellen hinweg ab. Wir können jede neue Methode verbinden, integrieren und überwachen.
Mit einem optimierten Prozess läuft alles schneller, genauer und ist kostengünstiger zu verwalten.
Retten Sie Einnahmen, die andernfalls durch Inkongruenzen, Abstimmungsfehler und falsche Gebühren verloren gehen
Verschaffen Sie sich einen klaren Überblick über Ihre Finanzen und stellen Sie sicher, dass Ihr Umsatz genau dort ist, wo er sein soll
Alle Kreditkarten und über 700 alternative Zahlungsmethoden werden unterstützt
Die vollständig verwaltete Lösung spart Zeit und Geld
Nuvei Reconciliation Manager+ erledigt die gesamte Abwicklung von der Implementierung über Aktualisierungen bis hin zur Berichterstattung.
Sparen Sie Zeit und Geld, reduzieren Sie Kundensupport-Tickets und erkennen Sie technische Probleme.
Die Einrichtung wird von einem dedizierten Account Manager betreut
Beseitigen Sie Komplexität und Buchhaltungsfehler
Gewinnen Sie verlorenen Umsatz einfacher als je zuvor zurück
Kontrollieren Sie die Bearbeitungsgebühren aller Anbieter
Erzielen Sie erstklassige Leistung über ein Dashboard
Steuern und verwalten Sie den gesamten Zahlungsprozess für optimale Leistung, Verkäufe und Umsätze
Anwenderfreundlicher Orchestration-Hub
Optimieren und steuern Sie Ihr Zahlungserlebnis über das Control Panel des Payment-Orchestration-Hubs.
Verwalten Sie Einstellungen, die die Akzeptanzraten erhöhen, die Sicherheit steigern und Ablehnungen reduzieren oder mehr Umsatz erzielen können.
Konfigurieren, Verwalten und Personalisieren von Routing-Parametern
Verwalten Sie Online-Ausnahmen, um Genehmigungen zu maximieren und Genehmigungsraten zu optimieren
Legen Sie Limits fest und verwalten Sie die Authentifizierung, um Conversions zu steigern und Betrug zu vermeiden
Legen Sie benutzerdefinierte Regeln basierend auf Geschäftswissen fest, um maximale Conversions zu gewährleisten
Risikoanalyse ermöglicht strategische Anpassungen und Personalisierung, um Rückbuchungen zu stoppen
Maximieren Sie die Akzeptanzraten
Steigern Sie Ihre Transaktionsgenehmigungs- und Autorisierungsraten durch die Verwaltung von Ausnahme-Übermittlungen online.
Detailliertere Datenpunkte bedeuten mehr Genehmigungen, bessere Sicherheit und ein personalisiertes, nahtloses Erlebnis für Ihre Kunden.
PSD2-Compliance verschlanken
Betrug verhindern
Risiko bewältigen
Einnahmen aus abgelehnten Transaktionen retten
Konvertieren Sie mehr Zahlungen durch die Vermeidung von Transaktionsablehnungen. Von einem Dashboard aus können Sie datengesteuerte Regeln festlegen und verwalten.
Fortschrittliche Analytik ermöglicht ein innovatives Transaktionsrouting.
Legen Sie basierend auf Ihrem Geschäftswissen benutzerdefinierte Regeln für den Fall fest, dass Zahlungen abgelehnt werden
Maximieren Sie die Conversion für gehostete Checkouts
Steuerung und Berichterstellung von einem zentralen Dashboard aus
Mehrschichtiger Schutz
Chargeback-Management-Tools von Nuvei können potenzielle Rückbuchungen verhindern und eliminieren – und den Schaden bei denen reduzieren, die dennoch nötig sind.
Dynamisches 3D Secure
3DS-Ausnahmemanagement
Verifi Order Insight (Visa)
Verifi Rapid Dispute Resolution (Visa)
Ethoca (Mastercard)
Wiedervorlage-Dienst für Rückbuchungen
Verständliche und umsetzbare Daten
Behalten Sie den Überblick über die Unternehmensleistung mit einer klaren Ansicht Ihrer Zahlungsdaten über alle Kanäle hinweg.
Rundum transparente Ansicht und dynamische Berichterstattung Ihrer Zahlungsdaten
Erkennen Sie umsetzbare Erkenntnisse in großen Mengen komplexer Daten
Verständliche Analytik, einschließlich Traffic-Optimierung für höhere Genehmigungsraten und Umsätze
Sperren Sie betrügerische Transaktionen mit einem erweiterten Verifizierungsablauf
Leben Sie Ihr bestes Geschäftsleben
Manchmal ist nur ein Schubs in die richtige Richtung gefragt. Business Coach zeigt an, wann höherer Umsatz oder höhere Kundenbindung erzielt werden können.
Business Coach bietet umsetzbare Tipps und wichtige Geschäftskennzahlen für die Expansion Ihres Geschäfts.
Beschleunigen Sie die Interaktion mit Kundensegmenten, die zu höheren Umsätzen führt
Analysieren Sie Ihre Performance von einem einzigen Dashboard aus, das Ihre Bewertungen und Social-Media-Bewertungen anzeigt
Lassen Sie sich Sofortwarnungen schicken, um schnell auf Social-Media-Bewertungen zu reagieren
Konvertieren Sie Neukunden in wiederkehrende Besucher
Mit unserem unübertroffenen Serviceangebot können Hunderte von Partnern Millionen von Menschen den Kauf digitaler Vermögenswerte im Wert von Milliarden von Dollar ermöglichen. Wir sind der führende Zahlungspartner von über 450 führenden Börsen, Wallets, Brokern, Coins, NFT-Plattformen und Blockchain-Games.
Ein schlüsselfertiges Krypto-Erlebnis
Die Fiat-On-Ramp und -Off-Ramp von Nuvei bietet eine reibungslose Erfahrung für die Konvertierung zwischen Fiat- und Kryptowährungen. Zugänglich für alle ohne Blockchain-Erfahrung ebenso wie für On-Chain-Gaming-Experten über eine einzige API.
Schließen Sie sich Hunderten von globalen Unternehmen an und entdecken Sie die Leistungsfähigkeit der Fiat-Krypto-Konvertierung auf Abruf, bereitgestellt von einem vollständig lizenzierten, börsennotierten Anbieter.
Ermöglicht Onboarding im Web2-Stil für Web3
Vielfältige Zahlungsoptionen global und lokal
Über 350 Partner: Börsen, Wallets, Broker und Coins
Über 3,5 Millionen Endnutzer, verarbeitete Zahlungen von über 4 Milliarden Dollar
Über 100 Fiat-Währungen und über 200 Kryptowährungen
Emittent von Co-Branding-Visa für einheitliche Krypto-Transaktionen
Erleben Sie die Leistungsfähigkeit von Stablecoin-Zahlungen
Stablecoins werden zu einer echten alternativen Zahlungsform, die Händlern zusätzlich zu den traditionelleren Zahlungsmethoden angeboten werden kann.
Wir ermöglichen Stablecoin-Transaktionen in Echtzeit, eine einfache Konvertierung zwischen Fiat-Währungen und Stablecoins sowie umfassende Abwicklungsdienste, die auf Ihre Bedürfnisse zugeschnitten sind.
Unterstützt alle Stablecoins, einschließlich Merchant-Minted
Nuvei verbindet sich mit USDC auf 14 Blockchains
Stablecoins bringen Stabilität in Geldsendungen
24/7-Stablecoin-Abrechnungen über Blockchains hinweg
Stablecoins reduzieren die Kosten und verbessern den Cashflow in der Lieferkette
On-Chain-Abrechnungen reduzieren die Betriebskosten des Unternehmens
Bringen Sie Ihr Blockchain-Projekt in den Mainstream
Eine Partnerschaft für alle Ihre Krypto-Geschäftsanforderungen. Aktivieren Sie Ihre Blockchain-Assets für nahtlose On-Ramps mit über 100 Fiat-Währungen weltweit.
Unterstützung vielfacher Blockchains und Tokens ermöglicht Flexibilität
Einfacher Coin-/Token-Kauf mit über 100 Fiat-Währungen
Steigern Sie Ihren Markenwert mit unserem umfassenden Partnernetzwerk führender Börsen, Wallets und Plattformen
Expandieren Sie in neue Märkte mit globaler Zahlungsabdeckung
Einfache und sichere Kryptozahlungen
Beschleunigen Sie Transaktionen, verbessern Sie die Datengenauigkeit und steigern Sie die Kundenbindung durch unsere innovativen Kryptozahlungsoptionen. Erleben Sie das Vertrauen einer Partnerschaft mit einem Anbieter, der über die Betrugsprävention hinausgeht und umfassende Unterstützung bei der Zahlungsabwicklung bietet.
Zahlungen in Kryptowährungen erweitern den Marktzugang, eliminieren die Notwendigkeit von Zwischenhändlern, bieten globale Reichweite mit minimalen Transaktionsgebühren und reduzieren damit die Kosten.
Greifen Sie auf neue Märkte zu und vereinfachen Sie den Zugang zu Finanzdienstleistungen weltweit
Garantiert null Betrug und ohne Risiko von Rückbuchungen
Reduzieren Sie die Kosten und vereinfachen Sie die Verwaltung im Vergleich zu Kartenzahlungen
Erhöhen Sie die Transaktionsgeschwindigkeit und reduzieren Sie Sicherheitsrisiken
Stärkt die Kundenbindung und das Vertrauen durch sichere Zahlungen
Sofortiger Zugriff auf Gelder mit Kryptowährungen, ohne Zwischenhändler
Die Zukunft des Bezahlens für digitales Entertainment
Kryptowährungen verändern das Gaming und bieten maßgebliche Vorteile. Höhere Transaktionslimits, schnellere Auszahlungen und verbesserte Sicherheit minimieren die Notwendigkeit, Bankdaten preiszugeben.
Mit niedrigeren Gebühren und globalem Zugang zu Geldmitteln bieten Kryptowährungen Nutzerfreundlichkeit und signalisieren Innovation. Darüber hinaus können Gamer Boni als Anreiz für die Verwendung von Kryptowährungen erhalten und ihr Gaming-Erlebnis bereichern.
Krypto-Transaktionen nahezu in Echtzeit verbessern den Cashflow
Wachsende Kundennachfrage nach Krypto-Unterstützung
Zugang zu neuen, nicht von Banken bedienten Rechtsmärkten
Unterstützen Sie Ihre Reise ins Web 3.0 und ins Metaverse
Nuvei führt die Umstellung auf Web 3.0 an und sorgt für den Erfolg Ihrer Blockchain- und Metaverse-Projekte. Mit Top-Partnerschaften und Tools helfen wir Ihnen, sich von der Masse abzuheben.
Unser Ansatz bietet Nutzern die volle Kontrolle über ihre digitalen Assets und ihre Privatsphäre und stärkt das Vertrauen in die digitale Erkundung.
Multiple Integrationsmöglichkeiten
Individuell anpassbare UI und dynamische UX
Unterstützt eine Reihe von Blockchain-Protokollen: Ethereum, Polkadot oder Binance Smart Chain
Die reibungslose UX überwindet Web3-Barrieren wie hohe Gebühren und langsame Transaktionen
Passt Erfahrungen an Benutzerpräferenzen an
Mehr Sicherheit, Transparenz und weniger zentrale Befugnisse
Erwartungen übertreffen und Kundenbindung steigern
Halten Sie Kunden in Ihrem Ökosystem, indem Sie Ihrem Zahlungsmix Finanzdienstleistungen hinzufügen. Bieten Sie Bankein- und -auszahlungen an, ebenso wie Karten und Finanzierung. Machen Sie es für die Kunden einfacher, mehr und öfter zu kaufen.
Schnelles, zuverlässiges und sicheres digitales Banking
Erweitern Sie Ihre globale Reichweite und optimieren Sie Ihre Transaktionen mit den Nuvei-Geschäftskonten. Bieten Sie Zugriff auf Geldmittel in Echtzeit, geringere Gebühren und eine nahtlose Integration – zur Steigerung der Effizienz und finanziellen Kontrolle.
Optimieren Sie Ihre Finanzvorgänge, indem Sie Nuvei als alleinigen Partner für Acquiring, Ausstellung und Banking-Services nutzen.
Mehrwährungskonten mit europäischen IBANs für EUR, GBP und über 20 weitere Währungen
Erhalten Sie sofort Ihre Geldmittel für ein schnelleres Arbeitskapital und eine effiziente Verwaltung von Abrechnungen mit potenziell geringeren Kosten
Sichern Sie die Kundengelder mit speziellen Lösungen für VASPs und Finanzunternehmen
Flexible Ein- und Auszahlungen via SEPA, SWIFT, Open Banking und blockchainbasierte BMM-Verarbeitung
Bringen Sie Ihre Marke auf Touren
Stärken Sie Ihre Marke und optimieren Sie Zahlungen mit den anpassbaren physischen und virtuellen Karten von Nuvei und bieten Sie auf allen Kanälen nahtlose und sichere Transaktionen an.
Wir kümmern uns um alle Backoffice-Komplexitäten, einschließlich der Genehmigung des Kartensystems, Einhaltung der gesetzlichen Vorschriften, technischen Einrichtung und Kartenherstellung.
Gestalten Sie physische und virtuelle Karten, um Ihre Markenidentität zu fördern
Verwalten Sie über eine Plattform ganz einfach Einweg- oder Mehrwegkarten
Automatisieren Sie sichere Transaktionen für Online-und In-App-Käufe sowie Käufe im Geschäft
Verwalten Sie Lieferantenzahlungen und skalieren Sie die Abläufe kostengünstig mit flexiblen Kartenformaten
Finanzieren Sie Ihre Geschäftsziele: Keine Bank erforderlich
Ihr Unternehmen entwickelt sich schnell. Sorgen Sie dafür, dass dies auch für Ihre Finanzen gilt.
Greife schnell auf Geldmittel zu, um deine Ziele zu erreichen und mehr Chancen zu ergreifen. Ganz ohne Banken und Bürokratie.
Bis zu 1 Million US-Dollar pro Firmenstandort
Erhalten Sie Geldmittel nach der Genehmigung in weniger als einer Woche
Vorqualifizierung in nur 3 Minuten
Keine Sicherheiten erforderlich
Flexible Rückzahlungsoptionen
Maximieren Sie Ihren Umsatz mit Verbraucherkreditoptionen
Baue dein Geschäft mit den branchenführenden Optionen "Jetzt kaufen, später bezahlen" aus. Lass dich im Voraus bezahlen und biete deinen Kunden flexible Zahlungsbedingungen.
Mach es deinen Kunden leichter, das zu bekommen, was sie gerade brauchen. Das Beste daran ist, dass es nahtlos in den Bestellvorgang integriert ist.
Bieten Sie Ihren Kunden flexible Ratenzahlungen
Den Verbrauchern die Freiheit geben, in ihrem eigenen Tempo zu zahlen
Steigere die Kundenkonversionen, indem du mehr Zahlungsoptionen anbietest
Verhindern Sie die meisten potenziellen Rückbuchungen, bevor sie nötig werden. Transaktionen werden durch eine Reduzierung von Rückbuchungen vor deren Anfallen, intelligentes Betrugs-Screening, Warnungen und Kommunikation geschützt.
Erkennen, kontrollieren und reduzieren Sie Rückbuchungen
Reduzieren Sie die Kosten von Streitigkeiten und Rückbuchungen mit Nuvei Chargeback Resolve. Jede durchgeführte Rückbuchung wird zentralisiert und über das Control Panel von Nuvei abgewickelt. Der gesamte Prozess maximiert Transparenz und Effizienz.
Prävention – Warnungen und verbesserte Kommunikation minimieren unnötige Streitigkeiten
Reduzieren Sie die Betriebskosten – verwalten Sie Rückbuchungen über ein zentrales Dashboard
Bewahren Sie Ihre Reputation – vermeiden Sie Überwachungsprogramme für Rückbuchungen und die zusätzlichen Gebühren, die mit einer risikoreichen Kennzeichnung verbunden sind
Zusätzliche Tools von Visa und Mastercard
Kontrollieren Sie Streitigkeiten oder Rückbuchungen schnell und einfach mit integrierten Lösungen von Visa und Mastercard.
Verifi Order Insight® (Visa) – reagieren Sie auf Kundenstreitfälle in Echtzeit, indem Sie Informationen für eine bessere Kommunikation zwischen Kunden und Händlern bereitstellen
Verifi Rapid Dispute Resolution® (Visa) – vermeiden Sie Rückbuchungen durch Rückerstattungen und Inrechnungstellung bei Nuvei direkt ohne Clearing-Prozess
Ethoca® (Mastercard) – bietet Händlern 24 Stunden Zeit, um Rückbuchungen zu überprüfen, darauf zu reagieren und sie durchzuführen
Ob online oder im Ladengeschäft, wir erleichtern Ihren Kunden die Geschäftsabwicklung und ermutigen sie zu wiederkehrenden Besuchen.
Geben Sie die Preise für Ihre Waren und Dienstleistungen in den gängigsten Währungen weltweit an
Laut dem globalen eCommerce-Bericht von Insider Intelligence kaufen 92 % der Kunden lieber auf Websites, die Artikelpreise in ihrer Landeswährung zeigen.
Gestalten Sie den Einkauf für Kunden einfach und reibungslos, während Sie Abrechnungen und Berichte in Ihrer Landeswährung erhalten.
Weiten Sie Ihr Geschäft auf neue Gebiete aus
Verbessern Sie bestehende Kundenbeziehungen
Keine Investitionen oder Infrastrukturänderungen
Verdienen Sie zusätzliche Einnahmen aus FX-Aufschlägen und gewinnen Sie mehr internationale Kunden
Bieten Sie Ihren Kunden Preise in ihrer Landeswährung an. Damit gestalten Sie den Kauf auf Karte transparent und vertrauenswürdig und verdienen gleichzeitig eine anteilige Provision.
Gewinnen Sie mehr internationale Kunden
Schützen Sie Karteninhaber vor Währungsschwankungen
Von der fortschrittlichen Betrugserkennung bis hin zur Tokenisierung in Industriequalität sowie KYC schützt Nuvei Sie und Ihre Kunden.
Reduzieren Sie Zahlungsbetrug und Rückbuchungen mit Nuvei Shields Up
Transaktionsdaten sind unsere beste Waffe im Kampf gegen Betrug. Beseitigen Sie Fehlalarme mit einem leistungsstarken Satz anpassbarer Tools, ohne das Kundenerlebnis zu beeinträchtigen.
Legen Sie über 200 einzigartige Regeln für Ihre Branche und Ihren Markt fest
Erhöhen Sie die Konversionsraten und reduzieren Sie Betrug mit Smart 3DS Routing
Automatisierte Entscheidungsfindung mithilfe von IP-Geolokalisierung und AVS/CVV-Regeln
Tool für Streitfälle bei Rückbuchungen für eine effiziente Fallerstellung und -verwaltung
Smart Routing und Dynamic Descriptor zur Minimierung potenzieller Rückbuchungen
Verschlüsseln und Abrufen von Kundendaten für sichere, reibungslose Zahlungen
Sensible Daten werden durch ein sicheres Token ersetzt, um Zahlungen schneller und sicherer abzuwickeln und ein besseres Kundenerlebnis zu schaffen.
Durch eine Kombination unserer agnostischen und Netzwerk-Tokenisierungsfunktionen bieten wir eine der flexibelsten und umfassendsten Lösungen auf dem Markt.
Verschlüsseln und speichern Sie Zahlungsdaten von Kunden, um das Checkout-Erlebnis sicher und reibungslos zu gestalten
Token werden dynamisch aktualisiert, um höhere Autorisierungsraten, ein vereinfachtes Betrugsmanagement und ein besseres Kundenerlebnis zu bieten
Zahlungsmethoden werden in Echtzeit aktualisiert, sodass die Anmeldedaten des Karteninhabers auch dann aktuell bleiben, wenn eine physische Karte aufgrund von Betrug gesperrt ist
Bietet ein besseres Kundenerlebnis mit weniger falschen Ablehnungen aufgrund von veralteten Daten
Gewährleisten Sie Ihre Sicherheit und Compliance
Wir wissen, dass die höchstmögliche verfügbare Sicherheit nötig ist, um Sie und Ihre Kunden zu schützen. In Übereinstimmung mit den PCI-Datensicherheitsstandards haben wir alle Anforderungen als Dienstleister der Stufe 1 erfüllt und übertroffen.
Unsere Technologie und unsere fachkundigen Mitarbeiter können Ihnen helfen, Risiken und Rückbuchungen zu reduzieren und die PCI-DSS-Compliance zu vereinfachen.
Minimieren Sie Bedrohungen, bevor sie zu einem Problem werden
Reduzieren Sie Aufwand und Kosten für die Einhaltung der Payment-Card-Industry-Vorschriften (PCI-Vorschriften).
Greifen Sie auf Lösungen zu, um Ihre PCI-DSS-Anforderungen übersichtlicher zu machen
Marginale Gewinne können zu großem Wachstum führen
Genau wie beim Fahren eines präzise eingestellten Rennwagens summieren sich alle noch so kleinen Verbesserungen zu erheblichen Gewinnen. Maximieren Sie die Genehmigungsraten und den Umsatz mit Funktionen, die jede Zahlung vom Checkout bis zum Abschluss begleiten.
Verbessern Sie Checkouts zur Optimierung von Conversions
Entdecken Sie die Zukunft des optimierten Handels mit unseren KI-gestützten intelligenten Autorisierungslösungen.
Steigern Sie die Erfolgsquoten bei Autorisierung durch unsere Tools zur Optimierung vor der Transaktion und fahren Sie Ihre Umsatz-Engine hoch.
Ein-Klick-Käufe zur Transaktionsoptimierung
Beschleunigen Sie Genehmigungen mit intelligenter Wiederholungstechnologie
Erweiterte Regeln zur Bereicherung und Verbesserung von Transaktionsmitteilungen
Optimierte Netzwerktoken
Optimieren Sie Transaktionsabläufe für höhere Genehmigungsraten
Leiten Sie Transaktionen intelligent an verschiedene Banken weiter. Steigern Sie die Umsatz- und Konversionsraten mit verbesserten Chancen auf erfolgreiche Zahlungen.
Bieten Sie praktisch unbegrenzte Routing-Möglichkeiten und generieren Sie mehr Umsatz und höhere Genehmigungsraten. Alle wichtigen Zahlungsdienste und Gateways werden unterstützt.
3DS-Routing
Ausnahme-Engine
Fraud Screening
Bank Routing
Decrease declines and checkout abandonment
Fine-tune your payment process for peak performance
Dive into a world where every transaction parameter is meticulously adjusted and optimized. Leverage artificial intelligence to ensure a smooth and successful checkout experience.
Watch your conversion rates soar as we intelligently re-attempt transactions to secure success.
Boost approval rates and conversions with smart payment recovery
Resolve token mismatch issues and address 3DS2 declines
Transform soft declines into successful transactions
Enhance the customer experience by streamlining card verification rules
Advanced monitoring and control at your fingertips
Elevate your payment strategy with insight-driven authorizations. With AI-driven tools built into our analytics suite, leverage the data you need for every transaction and authentication flow.
Steer your transaction traffic towards smoother roads and higher approval rates. Tailored insights mean you're in the driver's seat, accelerating towards optimized authorizations and financial performance.
Leverage artificial intelligence to automate approval rate analysis
Gain precise insights into transactions with customizable reports
Benefit from machine learning to optimize authorizations
Monitor performance and act on conversion-based reporting
Navigate complex data to minimize risk and manage fraud
MONTREAL, February 28 2025 – Nuvei Corporation ("Nuvei" or the "Company"), the Canadian fintech company, announces today that it has formed a strategic partnership with Temu, the global online marketplace known for value-for-money products, to enhance the shopping experience through providing customers with greater access to their preferred local payment methods.
Temu customers across the globe now enjoy a smooth shopping experience though seamless, secure card payments as well as the ability to pay using their preferred local payment methods. The integration supports local direct card acquiring and popular regional payment options including Konbini, Aupay, and Payeasy in Japan; Mbway, Blik, and P24 in Poland; Bancontact in Belgium; iDeal in the Netherlands; and MBWAY and Multibanco in Portugal. This customer-centric approach will expand further in 2025, with plans to enhance payment experiences in new markets including Colombia, Chile and Canada.
“As online shopping continues to grow, seamless and secure payments are essential for delivering the best possible experience," commented Philip Fayer, Nuvei Chair and CEO. "By offering hyper-localized payment experiences on a global scale, we're enabling international eCommerce giants like Temu to develop deeper relationships with their customers through payments, wherever they are and however they want to pay.”
“At Temu, we are committed to making quality products more accessible and ensuring a smooth shopping experience for our customers worldwide,” said a Temu spokesperson. “Providing localized payment options is an important part of improving convenience for customers, and we are always looking for ways to optimize our payment processes to meet the needs of different markets.”
Nuvei's powerful combination of global reach, extensive alternative payment method connectivity, and best-in-class authorization optimization suite continues to attract leading eCommerce companies. Notable partnerships include other industry leaders such as Charles & Keith, who have selected Nuvei as their payments partner both locally and internationally.
About Temu
Temu is an online marketplace that connects consumers with millions of sellers, manufacturers and brands around the world with the mission to empower them to live their best lives. Launched in the US in September 2022, Temu is committed to offering the most affordable quality products to enable consumers and sellers to fulfill their dreams in an inclusive environment. For more information, visit: www.temu.com
About Nuvei
Nuvei 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 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
MONTREAL, February 18 2025 – Nuvei Corporation (“Nuvei” or the “Company”), the Canadian fintech company, today announces the appointment of two new executives to its senior leadership team. Moshe Selfin joins as Chief Product Officer, reporting to Nuvei Chair and CEO Philip Fayer, while Chad Gerhardstein assumes the newly created role of Chief Risk and Compliance Officer, reporting to CFO David Schwartz.
These strategic appointments represent Nuvei's continued investment in its product innovation and risk management and compliance capabilities, reinforcing the Company's commitment to delivering innovative payment solutions while maintaining industry-leading standards.
Selfin joins Nuvei from Finaro (acquired by Shift4), where he most recently served as Chief Operations & Technology Officer. Selfin will spearhead Nuvei's global product strategy and development, focusing on expanding the Company's suite of customer-centric payment solutions and extending the global reach of its technology stack. This appointment underscores Nuvei's commitment to technological innovation and its mission to enable businesses to get closer to their customers through advanced payment capabilities.
Gerhardstein brings extensive risk management and compliance expertise within the payments industry to Nuvei. He joins from PwC, where he was a leader specializing in cyber risk and regulation for the Fintech, payments, and digital assets sectors. Previously, he held senior positions at Vantiv and served as Chief Compliance Officer at Worldpay. In his role, Gerhardstein will strengthen Nuvei's global risk management and compliance framework, ensuring the Company maintains its position as a trusted partner for global businesses to execute international expansion.
“I’m delighted to welcome Moshe and Chad to the team. These appointments reflect our ongoing commitment to investing in top talent as we execute our strategic vision," commented Philip Fayer, Nuvei's Chair and CEO. "Moshe's proven track record in strategic planning and delivery for fast-growing technology businesses will accelerate our product innovation and enhance our ability to deliver cutting-edge payment solutions globally. Chad's deep expertise in risk and compliance will be invaluable in supporting Nuvei's customers with seamless market entry while maintaining robust risk management practices and regulatory compliance across all jurisdictions.”
About Nuvei
Nuvei 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 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
MONTREAL, January 27 2025 – Nuvei Corporation (“Nuvei” or the “Company”), the Canadian fintech company, today announces an expansion in Asia-Pacific (APAC), having completed the acquisition of Paywiser Japan Limited, including its acquiring license granted by the Japanese Ministry of Economy, Trade and Industry. The license enables Nuvei to progress with launching direct acquiring capabilities in Japan across all major card schemes, and to extend its direct connectivity with all relevant alternative payment methods (APMs) in the country.
With its new Japan headquarters in Tokyo complementing existing offices in China, Hong Kong, Australia, and Singapore, Nuvei now boasts over 200 on-the-ground payments experts across the region.
Strategic expansion into APAC's second largest eCommerce market
Nuvei's comprehensive range of agile payments solutions will support Japanese businesses scale both in-market and cross-border, as well as enable global businesses to expand into the Japanese market seamlessly.
For Nuvei’s international customers, market entry into Japan through an existing single integration to the Nuvei core platform presents an exciting and sizeable opportunity. Japan is the fourth largest eCommerce market globally and second largest in the APAC region. The Japanese market is expected to grow at a Compound Annual Growth Rate of 11.6% from 2024 to 2032, with Total Market Size increasing from USD$230 billion to more than USD$650 billion by 2032. The volume of online buyers is expected to surpass 100 million people (83% of the population) by 2026, and eCommerce will account for 22% of all commerce transactions by 2028.
Philip Fayer, Nuvei Chair and CEO, commented: “We’re delighted to be building on our existing presence and laying down even stronger roots in Japan, one of the preeminent eCommerce markets globally. This expansion aligns with our strategic priorities to continue growing our global footprint, offer localized payments experiences on a global scale, and enable our customers to get closer to their customers through payments, wherever they are and however they want to pay. With our modular payments technology and extensive local expertise, we're well positioned to help businesses of all sizes accelerate their growth within this dynamic ecosystem.”
About Nuvei
Nuvei 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 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
MONTREAL, January 20 2025 – Nuvei Corporation (“Nuvei” or the “Company”), the Canadian fintech company, today announced the launch of its innovative Omnichannel payment solution for the UK Gaming industry. This groundbreaking platform unifies all payment channels, offering unprecedented convenience and flexibility for both operators and players.
Key features and benefits of Nuvei's Omnichannel solution for the Gaming industry include:
• Unified Integration: Gaming operators can now manage all payment channels through a single API, simplifying operations and reducing costs.
• Consolidated Reporting: Comprehensive analytics provide valuable insights into player behavior across all channels, enabling data-driven decision-making.
• Enhanced Player Experience:
o Seamless connection between the retail and digital Gaming experience
o Common card tokenization across online and offline channels
o Engaging players across all channels and verticals
• Global Reach, Local Expertise: While tailored for the UK market, the platform supports global expansion with localized payment methods and compliance across the globe.
• Deep Brand Loyalty: The platform's ability to recognize existing online customers when they engage in-person allows for enhanced loyalty programs and targeted promotions, fostering stronger player relationships.
Philip Fayer, Nuvei's Chair and CEO, commented on the announcement: “Our Omnichannel solution is transforming how UK Gaming operators interact with their customers. By breaking down the barriers between online and offline experiences, we're enabling operators to create more personalized and engaging player journeys. This launch represents a significant step in our commitment to providing cutting-edge payment solutions that drive growth and enhance user experience in the rapidly evolving Gaming market.”
One UK based operator already harnessing the benefits of Nuvei’s Omnichannel is Buzz Bingo. Buzz Bingo Head of Product Fraud & Payments Sam Bailey commented: “Nuvei’s Omnichannel solution is a real step ahead from our current retail payment infrastructure. We’re an Omnichannel business and the key benefits of the Omnichannel payments system that Nuvei offers is its diversity as we link our retail environment to our online. There’s been a lot of focus on product development here at Buzz, and the key decision with going with Nuvei is their commitment to continue developing their systems and improving their offering. Nuvei have allowed us to work together on building their roadmap and we feel like a valued partner as we bring new payments channels and options to our customers. We’re looking forward to working collaboratively to make the most out of both of our businesses.”
This announcement further solidifies Nuvei's position as a leader in payment solutions for the Gaming sector as the industry continues to experience rapid growth, with the global market predicted to reach USD$1 trillion by 2030. By offering operators optimized payment acceptance and a seamless experience for players, Nuvei continues to demonstrate why it is the preferred payments partner for Gaming operators across the United Kingdom and globally.
About Nuvei
Nuvei 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 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
MONTREAL, January 16, 2025 – Nuvei Corporation ("Nuvei"), the Canadian fintech company, today announces that it has partnered with Outpayce from Amadeus, as its latest payments service provider to be integrated into Outpayce’s Xchange Payment Platform (XPP).
This strategic partnership positions Nuvei as a global leader in advancing Outpayce's innovative payment ecosystem. Travel businesses leveraging Outpayce’s XPP can now seamlessly access Nuvei’s expansive suite of payment capabilities, enhancing their ability to process transactions efficiently and securely across geographies.
The partnership will offer several significant advantages to Outpayce’s customers:
• Seamless integration: A single connection to Outpayce’s XPP simplifies adoption, integrating multiple airline and travel touchpoints efficiently.
• Accelerated onboarding: Faster implementation timelines help businesses bring payment solutions to market quickly.
• Enhanced security: Nuvei’s advanced security measures ensure secure transactions across all channels.
• Global reach: Through Nuvei’s connectivity in more than 200 markets and support for 720 local payment methods, businesses can offer seamless cross-border payment experiences.
“We're thrilled to welcome Nuvei to our Outpayce partner ecosystem. This collaboration combines our global reach with Nuvei's cutting-edge technology and coverage, empowering customers to simplify their payment processes and enhance the traveler experience,” commented Damian Alonso, Outpayce’s Head of Commercial and Partnerships on the announcement.
Phillip Fayer, Nuvei’s Chair and CEO added: “Our goal is to allow travel businesses to focus on providing exceptional experiences while we handle the complexities of payments, and this integration represents a major leap forward in simplifying and enhancing payment processes for airlines and travel businesses worldwide. Combining Nuvei's innovative payment technology with Outpayce’s extensive travel network is the latest initiative as we continue to revolutionize payments in the travel industry through a single integration for payments that spans countries, currencies, and payment methods.”
Nuvei’s agile payment solutions, alongside its proven expertise in serving the travel industry, position it as an invaluable partner for businesses aiming to optimize their payment processes. Through this partnership with Outpayce, Nuvei continues to expand its footprint, reinforcing its role as a leader in enabling global commerce.
About Outpayce
Amadeus makes the experience of travel better for everyone, everywhere by inspiring innovation, partnerships and responsibility to people, places and planet.
As a wholly-owned company, Outpayce from Amadeus is the next step in scaling the Amadeus payments business with fresh investment in talent, an open API platform and a license to deliver new regulated payment services.
Outpayce delivers smoother end-to-end travel experiences making travel payments simple. Our open platform that connects FinTech and banking service providers to the entire travel ecosystem allows customers and travelers to easily benefit from new advances in payments.
Outpayce Xchange Payment Platform (XPP) solves challenges in areas like authentication, acceptance and foreign exchange (FX) for travel merchants and gives access to partners that resolve areas like chargebacks and fraud management to offer a smoother overall experience for the traveler.
In the B2B payments space, Outpayce orchestrates payments with a range of virtual cards, currencies and payment methods to optimize cost, acceptance and agility wherever a travel seller needs to pay a supplier.
Outpayce delivers an end-to-end experience by continuing to work with all Amadeus’ teams and embedding its capabilities in all of Amadeus' applications. The future is travel simply paid.
To find out more about Outpayce, visit www.outpayce.com.
Nuvei 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 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
MONTREAL, January 7, 2025 – Nuvei Corporation (“Nuvei” or the “Company”), the Canadian fintech company, has entered a new strategic partnership with GiG, a leading B2B technology provider to the iGaming industry. This collaboration enables iGaming operators to optimize their payments functionality through their existing integration with GiG's CoreX solution.
CoreX is an advanced, AI-driven player account management (PAM) platform for leading iGaming and sportsbook brands. It provides operators with the flexibility to localize their operations in any regulated jurisdiction, enhancing their ability to meet diverse market demands. Through this direct integration with the GiG CoreX platform, iGaming operators can leverage Nuvei's payments expertise across global iGaming markets to maximize their revenues and accelerate their growth.
The partnership delivers a comprehensive solution that addresses the needs of modern online gaming businesses. This approach is underpinned by Nuvei's deep market expertise gained from more than 20 years innovating payments for the industry, ensuring operators can optimize acceptance rates, execute best-in-class risk management, and navigate the diverse regulatory landscapes of global iGaming markets with confidence.
Operators gain access to Nuvei's extensive global reach in over 200 countries, enabling seamless expansion across international markets through a single, integrated platform. The collaboration also provides GiG-supported operators with industry-leading connectivity to 720 alternative payment methods, enabling them to offer players all relevant deposit and pay out options from their cashier.
Philip Fayer, Nuvei Chair and CEO commented: “We're excited to partner with a proven technology leader and industry expert like GiG. This integration showcases our commitment to providing the most relevant and modern payment solutions that drive growth for our customers. By combining Nuvei's robust modular payment technology with GiG's innovative CoreX platform, we're delivering unparalleled value to iGaming operators worldwide.”
James Coxon, Chief Operating Officer at GiG, added: “Our partnership with Nuvei represents another significant forward step in empowering iGaming operators with the most flexible best-in-class payment solutions. The direct integration of Nuvei's payment technology into CoreX will enable our clients to optimize their payment processes, ultimately improving player satisfaction and operational efficiency.”
About GiG Software Plc
GiG Software is a leading B2B iGaming technology company that provides premium solutions, products, and services to iGaming operators worldwide, fully compliant with regulatory requirements. GiG’s proprietary technology empowers our partners by delivering dynamic, data-driven, and scalable iGaming solutions that drive user engagement, optimise performance, and propel sustainable growth in the ever-evolving digital landscape. GiG’s vision is to be the pioneering force in the iGaming industry, transforming digital gaming experiences through innovation and technology that inspire and engage players worldwide.
GiG operates out of Malta and is listed on the Nasdaq First North Premier Growth Market in Stockholm, Sweden, under the ticker GiG SDB.
Nuvei 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 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
MONTREAL, December 12 2024 – Nuvei Corporation (“Nuvei” or the “Company”), the Canadian fintech company, today announces the expansion of its global partnership with Google to integrate Google Pay, an option now available for merchants across Latin America (LATAM). This collaboration builds upon the existing strong global relationship between Nuvei and Google, and complements Google Pay's existing availability through Nuvei in the United States, Europe, Asia Pacific, and Australia.
Nuvei's integration of Google Pay into its cashier solution for customers is completely streamlined into the checkout process for both merchants and consumers, optimizing the user experience for Google Pay users in the LATAM region.
Google Pay is becoming an essential payment method for online merchants around the world. The integration of Google Pay to Nuvei's cashier solution caters to the evolving preferences of digital-savvy consumers.
Philip Fayer, Nuvei Chair and CEO, commented on the announcement: "Our strengthened partnership with Google and the launch of the integration of Google Pay in Latin America underscore Nuvei's commitment to providing businesses with the most comprehensive in-demand suite of payment options globally. Expanding our collaboration into this vibrant market enables merchants to tap into new customer segments and drive growth across the region."
By integrating Google Pay into Nuvei's payment processes, merchants can offer their customers a simple and secure payment option that meets the demands of the current digital economy.
Nuvei continues to lead the industry with its extensive connectivity to over 720 alternative payment methods, allowing merchants to offer all relevant payment options to their customers in every market they serve, all through a single integration with Nuvei's platform.
About Nuvei
Nuvei 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 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
MONTREAL, December 4 2024 – Nuvei Corporation (“Nuvei” or the “Company”), the Canadian fintech company, today announces the launch of an innovative blockchain-based payment solution for merchants across Latin America (LATAM). Through Nuvei’s partnerships with Rain, a vertically integrated issuing partner for global platforms, BitGo, the leading digital asset custodian and wallet solutions provider, and Visa, Nuvei is enabling businesses to utilize stablecoins – including USD Coin (USDC) – for faster global settlement and reduced reliance on traditional payments rails.
By collaborating with Rain, BitGo, and Visa, Nuvei delivers a seamless and secure blockchain payment experience that empowers LATAM merchants to use their physical or virtual card supported by Visa to make payments using stablecoins from a digital asset wallet anywhere Visa is accepted. The solution benefits from Visa’s wide acceptance and simplifies corporate treasury management, offering faster cross-border transactions, secure digital asset custody, reduced currency complexity, and improved operational liquidity.
"Nuvei empowers businesses to connect more deeply with their customers through innovative payments solutions," commented Nuvei Chair and CEO Philip Fayer. "By integrating stablecoin technology into our payment platform for B2B settlement we're ensuring our merchants continually receive unparalleled flexibility, security, and global reach."
Rain Co-founder and CEO Farooq Malik added: “Our innovative platform connects traditional financial rails with the digital asset ecosystem, providing frictionless transactions for B2B and stablecoin payments. This partnership with Nuvei represents a significant step in making blockchain-based payments more accessible and flexible for businesses in Latin America.”
Luis Ayala, Director at BitGo, commented: “As a leader in digital asset custody and infrastructure, we're excited to support Nuvei's expansion into blockchain payments. Our institutional-grade security and comprehensive digital asset services will help businesses in Latin America leverage stablecoin technology with confidence and operational efficiency.”
This comprehensive blockchain-based payments offering sets a new standard for payment solutions in Latin America, demonstrating Nuvei's commitment to deepening its footprint in a region with rapid eCommerce growth. Year-to-date, Nuvei’s expansion of services in LATAM include being the first global payments service provider to offer direct local acquiring in Colombia, implementing local acquiring services in Mexico, and acquiring a Payment Institution license in Brazil.
About Rain
Rain develops and operates cutting edge digital asset authorization and settlement infrastructure in concert with its innovative payment card solutions. By connecting blockchain settlement with traditional financial systems like the Visa network, Rain drives adoption and utility for digital assets in enterprise and consumer use cases.
Rain offers an asset-agnostic settlement stack with support for stablecoin programs and is a principal member of the Visa network. The company was founded in 2021 and is backed by Lightspeed Venture Partners, Norwest, Coinbase Ventures, Circle Ventures and Uniswap Labs. For more information, visit www.raincards.com.
About BitGo
BitGo provides the most secure and scalable wallet solutions for the digital asset economy, offering regulated custody, staking and trading, and core infrastructure to investors and builders alike.
Founded in 2013, BitGo pioneered the multi-signature wallet and is the first digital asset company to focus exclusively on serving institutional clients. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets and established BitGo New York Trust in 2021. In 2022, BitGo launched institutional-grade staking, DeFi, NFT and Web3 services. BitGo secures approximately 20% of all on-chain Bitcoin transactions by value and supports more than 700 digital assets within its platform. BitGo provides the security and operational backbone for more than 1500 institutional clients in 50 countries, including many regulated entities and the world's top cryptocurrency exchanges and platforms.
BitGo is backed by Goldman Sachs, Craft Ventures, DRW, Galaxy Digital Ventures, Redpoint Ventures, and Valor Equity Partners. For more information, please visit http://www.bitgo.com
About Nuvei
Nuvei 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 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
MONTREAL and FORT LAUDERDALE, Fla., November 25 2024 – Nuvei Corporation ("Nuvei" or the "Company"), the Canadian fintech company, announces today that it has been selected by Delaware North’s interactive gaming division to power deposits and payouts for Betly, its online real-money casino and sports betting brand. Delaware North operates Betly in West Virginia, Arkansas, Tennessee and Ohio in the United States.
This partnership enhances the player experience at the checkout, streamlining both the deposit and payout processes for Betly customers across their online casino and sports betting profile. Delaware North is leveraging Nuvei's local acquiring capabilities in the U.S. to accept card payment deposits and enable all the relevant payout methods players demand, including real-time account-to-account transactions via Nuvei's industry-leading Instant Bank Transfer product.
Todd San Jule, general manager for Delaware North’s interactive gaming division and Betly, commented on the announcement: “Providing a seamless and secure iGaming cashier experience is crucial for our customers' satisfaction and our business growth. By partnering with Nuvei, we're able to offer our players a wide range of deposit options and swift payouts across all our online casino and sports betting brands. This collaboration aligns with our commitment to delivering top-tier gaming experiences and positions us to better serve our customers in the competitive U.S. iGaming market.”
Philip Fayer, Nuvei Chair and CEO added: “We're thrilled to partner with Delaware North, one of the premier brands in the hospitality and gaming industry in the U.S. This collaboration showcases our commitment to providing the most relevant and modern payment solutions that drive growth for our customers by enhancing the end user experience in the rapidly evolving iGaming market, further solidifying our position as a global leader in this arena.”
About Nuvei
Nuvei 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 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
The interactive gaming division of global hospitality and entertainment company Delaware North operates Betly Casino & Sportsbook online in West Virginia, Betly Sportsbook online in Arkansas and Tennessee in conjunction with Delaware North’s Southland Casino Hotel, and Betly Sportsbook Ohio online in Ohio for Miami Valley Gaming, a joint venture property of Delaware North’s. Online casino enthusiasts can enjoy daily promotions, thrilling tournaments and a robust offering of slots, video table games and live dealer table games on Betly Casino & Sportsbook. Sports bettors can also enjoy all the action of a wide range of betting possibilities on sports, matches and competitions from around the world.
About Delaware North Gaming
Delaware North’s gaming division is one of the most innovative gaming operators in the United States, specializing in regional venues with slots and video gaming machines, table games, poker rooms, full-service restaurants, retail shops and hotels. We have gaming destinations in New York, New Hampshire, Arizona, Arkansas, Florida, West Virginia, Ohio and Illinois, as well as in Australia. We are also the lead consultant on the Catawba Nation’s $700 million casino resort project in North Carolina. Our interactive division operates mobile sports betting and iGaming in several states via the Betly brand, and we also own and operate Ruby Seven Studios, a leading developer of social casino gaming applications. Delaware North is a global leader in hospitality and entertainment. Learn more at www.DelawareNorth.com.
MONTREAL, November 15, 2024 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI)(TSX: NVEI), the Canadian fintech company, announced today the completion of the previously announced plan of arrangement under the Canada Business Corporations Act (the “Plan of Arrangement”) pursuant to which Neon Maple Purchaser Inc. (the “Purchaser”), an entity formed by Advent International (“Advent”), acquired, directly or indirectly, all the issued and outstanding subordinate voting shares (the “Subordinate Voting Shares”) and multiple voting shares (the “Multiple Voting Shares” and together with the Subordinate Voting Shares, the “Shares”) of the Company for a price of US$34.00 per Share (the “Arrangement”).
As part of the Arrangement, Philip Fayer, certain investment funds managed by Novacap Management Inc. (collectively, “Novacap”) and Caisse de dépôt et placement du Québec (“CDPQ”) (together with entities they control directly or indirectly, collectively, the “Rollover Shareholders”) sold their Shares (the “Rollover Shares”) in exchange for a combination of cash and shares in the capital of the Purchaser or an affiliate thereof, in accordance with the terms of the Plan of Arrangement and the applicable rollover agreement entered into with each Rollover Shareholder in connection with the Arrangement. As a result of the Arrangement, the Company became a wholly-owned subsidiary of the Purchaser, of which Advent, Philip Fayer, Novacap and CDPQ hold or exercise control or direction over, directly or indirectly, approximately 46%, 24%, 18% and 12%, respectively.
Nuvei Founder & CEO Philip Fayer rolled approximately 95% of his Shares and will continue to be one of the largest shareholders in the Company. He will also continue to serve as Nuvei’s Chair and Chief Executive Officer, leading the business in all aspects of its operations, along with Nuvei’s current leadership team who have continued in their roles.
“We are excited to embark on a new chapter with Advent, Novacap and CDPQ, one focused on our long-term strategy and commitment to accelerating the revenue of our customers globally,” said Fayer. “For more than 20 years we have provided customers with mission-critical solutions they need to execute on their growth journeys. This commitment will remain the same as we continue to build deeper partnerships with our customers by providing them modern, flexible and purpose-built technology. A key part of this next phase will be the implementation of our Value Creation Plan, a comprehensive strategic exercise designed to optimize our operations as we execute on various opportunities for accelerated growth. Advent joins our long-standing investors, Novacap and CDPQ, who remain meaningful investors and believe in a dynamic and successful future for Nuvei,” concluded Fayer.
“Since 2017, we have been privileged to support Nuvei’s management in executing its ambitious global growth strategy. Together with a leadership team that continually drives innovation and builds meaningful partnerships across industries, Nuvei has established itself as a fintech leader in key verticals with sustainable, long-term growth potential. As the Company embarks on an exciting new chapter of expansion, we look forward to strengthening our collaboration and unlocking new opportunities to create lasting value for all stakeholders," said David Lewin, Lead Senior Partner at Novacap.
“Ever since our first investment in Nuvei in 2017, CDPQ is proud to have supported this Québec fintech leader at every stage of its growth, particularly through acquisitions on a global scale. We are delighted to accompany Nuvei once again as it embarks on this new chapter of its history, alongside recognized partners such as Advent, as well as existing shareholders Philip Fayer and Novacap,” said Kim Thomassin, Executive Vice-President and Head of Québec at CDPQ.
Bo Huang, Managing Director at Advent, said: “We are excited to begin this partnership and support Nuvei’s growth through investments and acquisitions to best serve its customers globally as a modern payments partner.”
Consideration for the Shares has been remitted by or on behalf of the Purchaser to TSX Trust Company as depositary under the Arrangement, and will be paid to former shareholders of the Company as soon as reasonably practicable after the date hereof (or, in the case of registered shareholders, as soon as reasonably practicable after a properly completed and signed letter of transmittal is received by the depositary together with the share certificate(s) and/or DRS Advice(s) representing Shares formerly held by them).
As a result of the completion of the Arrangement, it is expected that the Subordinate Voting Shares will be de-listed from the Toronto Stock Exchange on or about November 18, 2024 and from the Nasdaq Global Select Market on or about November 25, 2024. The Company has applied to cease to be a reporting issuer under Canadian securities laws in all Canadian jurisdictions. The Company will also deregister the Subordinate Voting Shares under the U.S. Securities Exchange Act of 1934, as amended.
Early Warning Reporting
Further to the requirements of National Instrument 62-104 Take-Over Bids and Issuer Bids and National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, the Purchaser or an affiliate thereof and Philip Fayer and certain entities controlled by Philip Fayer will file an early warning report in accordance with applicable securities laws. A copy of each of the early warning reports will be made available under Nuvei's profile on SEDAR+ at www.sedarplus.ca.
Immediately prior to closing of the Arrangement and the related transactions, AI Maple Aggregator, L.P. ("Maple Aggregator"), an entity formed by Advent with an indirect interest in the Purchaser, did not own, or exercise control or direction over, directly or indirectly, any Shares. Upon the completion of the Arrangement, Maple Aggregator, through its indirect interest in the Purchaser, controls 46% of the 66,096,274 Subordinate Voting Shares and 76,064,619 Multiple Voting Shares issued and outstanding in the capital of the Company. The consideration paid by the Purchaser for the Shares (excluding any Rollover Shares exchanged for shares in the capital of the Purchaser or an affiliate thereof) was US$34.00 per Share (equivalent to C$47.69). The Rollover Shares exchanged for shares in the capital of the Purchaser or an affiliate thereof had an implied value of US$34.00 (equivalent to C$47.69). All figures in this press release have been calculated using a US$:C$ exchange rate of 1.4027, being the daily US$:C$ exchange rate published by the Bank of Canada for November 14, 2024.
Immediately prior to closing of the Arrangement and the related transactions, Philip Fayer and certain entities controlled by Philip Fayer beneficially owned and controlled 27,857,328 Multiple Voting Shares (representing 36.62% of the issued and outstanding Multiple Voting Shares) and 124,986 Subordinate Voting Shares (representing 0.2% of the issued and outstanding Subordinate Voting Shares). In connection with the Arrangement, Philip Fayer and such entities sold their Shares directly or indirectly to the Purchaser at an implied value of US$34.00 per Share (equivalent to C$47.69) for aggregate cash proceeds of US$75,096,573 and common shares of the Purchaser or an affiliate thereof at an aggregate implied value of US$876,302,102. Following completion of the Arrangement, Philip Fayer and an entity controlled by him became shareholders of the Purchaser’s indirect parent company and no longer beneficially own or control any Shares. Mr. Fayer now indirectly owns or controls approximately 24% of the equity in the resulting private company. Further information and a copy of the early warning report of Philip Fayer may be obtained by contacting:
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 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “Forward-looking information”) within the meaning of applicable securities laws. This Forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, or “continue”, the negative of these terms and similar terminology, including references to assumptions, although not all Forward-looking information contains these terms and phrases. Particularly, statements with respect to the delisting of the Subordinate Voting Shares from the Toronto Stock Exchange and from the Nasdaq Global Select Market, the Company ceasing to be a reporting issuer under applicable Canadian securities laws and the deregistration of the Subordinate Voting Shares under the U.S. Securities Exchange Act of 1934, as amended, are Forward-looking information.
In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain Forward-looking information. Statements containing Forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances.
Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management, and although the Forward-looking information contained herein is based upon what management believes are reasonable assumptions, readers are cautioned against placing undue reliance on this information since actual results may vary from the Forward-looking information.
Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such Forward-looking information. These risks and uncertainties include, but are not limited to, the possibility that the Subordinate Voting Shares will not be delisted from the Toronto Stock Exchange or the Nasdaq Global Select Market within the timing currently contemplated, that the Subordinate Voting Shares may not be delisted at all, due to failure to satisfy, in a timely manner or otherwise, conditions necessary for the delisting of the Subordinate Voting Shares or for other reasons, and that the Company’s application to cease to be a reporting issuer under applicable Canadian securities laws may not be accepted or may be delayed.
Consequently, all of the Forward-looking information contained herein is qualified by the foregoing cautionary statements. Unless otherwise noted or the context otherwise indicates, the Forward-looking information contained herein represents the Company’s expectations as of the date hereof or as of the date it is otherwise stated to be made, as applicable, and is subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or amend such Forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
MONTREAL, November 13, 2024 – 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 investment funds managed by Novacap Management Inc. and CDPQ. The Company expects that, subject to the satisfaction at closing of the remaining closing conditions, the Arrangement will be completed on or about November 15, 2024.
The Arrangement was approved by Nuvei shareholders at a special meeting of shareholders held on June 18, 2024, and the Company obtained a final order from the Superior Court of Québec (Commercial Division) approving the Arrangement on June 20, 2024.
Further details regarding the Arrangement are provided in the management information circular of the Company dated May 13, 2024, which was mailed to Nuvei shareholders in connection with the Arrangement, a copy of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
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 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “Forward-looking information”) within the meaning of applicable securities laws. This Forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, or “continue”, the negative of these terms and similar terminology, including references to assumptions, although not all Forward-looking information contains these terms and phrases. Particularly, statements regarding the Arrangement, including the proposed timing of completion of the Arrangement, are Forward-looking information.
In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain Forward-looking information. Statements containing Forward looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances.
Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management, and although the Forward-looking information contained herein is based upon what management believes are reasonable assumptions, readers are cautioned against placing undue reliance on this information since actual results may vary from the Forward-looking information.
Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such Forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail under the heading “Risk Factors” in the Company's annual information form filed on March 5, 2024, and under the heading “Risk Factors” in the Company's management's discussion and analysis for the nine months ended September 30, 2024. These risks and uncertainties further include (but are not limited to) as concerns the Arrangement, the failure of the parties to satisfy the remaining conditions to the completion of the Arrangement or satisfy such conditions in a timely manner, significant transaction costs or unknown liabilities, failure to realize the expected benefits of the Arrangement, and general economic conditions. Failure to satisfy the remaining conditions to the completion of the Arrangement may result in the Arrangement not being completed on the proposed terms, or at all. In addition, if the Arrangement is not completed, and the Company continues as a publicly-traded entity, there are risks that the announcement of the Arrangement and the dedication of substantial resources of the Company to the completion of the Arrangement could have an impact on its business and strategic relationships (including with future and prospective employees, customers, suppliers and partners), operating results and activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects. Furthermore, in certain circumstances, the Company may be required to pay a termination fee to the purchaser pursuant to the terms of the arrangement agreement governing the Arrangement, which could have a material adverse effect on its financial position and results of operations and its ability to fund growth prospects and current operations.
Consequently, all of the Forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that management anticipates will be realized or, even if substantially realized, that they will have the expected consequences or effects on the Company’s business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the Forward-looking information contained herein represents the Company’s expectations as of the date hereof or as of the date it is otherwise stated to be made, as applicable, and is subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or amend such Forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
MONTREAL, NOVEMBER 12, 2024 – 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-over-year, setting us up well to achieve our targeted growth in the quarters and years ahead as we deliver more differentiated value across our global payment solutions platform,” said Philip Fayer, Nuvei Chair and CEO. “Our business remains highly profitable, with third quarter margins reflecting opportunistic investments to expand our global footprint. As we look to finalize our pending take-private, we are already executing on a highly compelling value creation plan, and we have initiated the process of adding 300-plus new roles across our product, technology, and commercial teams,” concluded Fayer.
Financial Highlights for the Three Months Ended September 30, 2024 Compared to 2023:
Total volume(a) increased by 27% to $61.3 billion from $48.2 billion;
Revenue increased by 17% to $357.6 million from $304.9 million;
Net income increased to $17.2 million from a net loss of $18.1 million;
Adjusted EBITDA(b) decreased by 2% to $108.8 million from $110.7 million;
Adjusted net income(b) decreased by 8% to $52.3 million from $56.8 million;
Net income per diluted share increased to $0.10 from a net loss per diluted share of $0.14;
Adjusted net income per diluted share(b) decreased by 13% to $0.34 from $0.39;
Adjusted EBITDA less capital expenditures(b) decreased to $92.6 million from $97.5 million.
Financial Highlights for the Nine Months Ended September 30, 2024 Compared to 2023:
Total volume(a) increased by 30% to $183.1 billion from $141.2 billion;
Revenue increased 20% to $1,038.2 million from $868.4 million;
Net income increased to $17.8 million from a net loss of $14.8 million;
Adjusted EBITDA(b) increased by 7% to $340.4 million from $317.3 million;
Adjusted net income(b) decreased by 1% to $177.4 million from $179.3 million;
Net income per diluted share increased to $0.08 from a net loss per diluted share of $0.14;
Adjusted net income per diluted share(b) decreased by 4% to $1.16 from $1.21;
Adjusted EBITDA less capital expenditures(b)increased by 4% to $288.0 million from $277.0 million; and,
Cash dividends declared were $42.3 million.
(a) Total volume does not represent revenue earned by the Company, but rather the total dollar value of transactions processed by merchants under contractual agreement with the Company. See “Non-IFRS and Other Financial Measures”.
(b) Adjusted EBITDA, Adjusted net income, Adjusted net income per diluted share and Adjusted EBITDA less capital expenditures are non-IFRS measures and non-IFRS ratios. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. See “Non-IFRS and Other Financial Measures”.
Proposed take private transaction
As previously announced, on April 1, 2024 the Company entered into a definitive arrangement agreement to be taken private by Advent International (“Advent”), one of the world’s largest and most experienced global private equity investors, as well as a longstanding sponsor in the payments space, alongside existing Canadian shareholders Philip Fayer, certain investment funds managed by Novacap Management Inc. and Caisse de dépôt et placement du Québec, in an all-cash transaction which values the Company at an enterprise value of approximately $6.3 billion (the “Proposed transaction”). Advent will acquire all the issued and outstanding Subordinate Voting Shares and any Multiple Voting Shares (collectively the “Shares”) that are not Rollover Shares , for a price of $34.00 per Share, in cash. This price represents an attractive and significant premium of approximately 56% to the closing price of the Subordinate Voting Shares on the Nasdaq Global Select Market (“Nasdaq”) on March 15, 2024, the last trading day prior to media reports concerning a potential transaction involving the Company, and a premium of approximately 48% to the 90-day volume weighted average trading price per Subordinate Voting Share as of such date.
The Proposed transaction will be implemented by way of a statutory plan of arrangement under the Canada Business Corporations Act. The Proposed transaction was approved by shareholders at a special meeting held on June 18, 2024 and received court approval on June 20, 2024. The Proposed transaction remains subject to customary closing conditions, including receipt of key regulatory approvals (a majority of which were received and/or for which the waiting period has expired as of the date hereof, with a limited number of approvals remaining outstanding), is not subject to any financing condition and, assuming the timely receipt of all required key regulatory approvals, is expected to close in the fourth quarter of 2024.
Following completion of the transaction, it is expected that the Subordinate Voting Shares will be delisted from each of the Toronto Stock Exchange and the Nasdaq and that Nuvei will cease to be a reporting issuer in all applicable Canadian jurisdictions and will deregister the Subordinate Voting Shares with the U.S. Securities and Exchange Commission (the “SEC”).
Cash Dividend
Nuvei today announced that its Board of Directors has authorized and declared a cash dividend of $0.10 per Subordinate Voting Share and Multiple Voting Share, payable on December 12, 2024 to shareholders of record on November 26, 2024. The aggregate amount of the dividend is expected to be approximately $14 million, to be funded from the Company’s existing cash on hand. In accordance with the Plan of arrangement, shareholders are entitled to dividends with a record date prior to the effective date of the Proposed transaction. Should the Proposed transaction be completed before the record date, the dividend will not be paid. Accordingly, payment of the dividend will be made on December 12, 2024 if the Proposed transaction is not completed prior to the record date of November 26, 2024.
The Company, for the purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation, designates the dividend declared for the quarter ended September 30, 2024, and any future dividends, to be eligible dividends. The Company further expects to report such dividends as a dividend to U.S. shareholders for U.S. federal income tax purposes. Subject to applicable limitations, dividends paid to certain non-corporate U.S. shareholders may be eligible for taxation as “qualified dividend income” and therefore may be taxable at rates applicable to long-term capital gains. A U.S. shareholder should talk to its advisor regarding such dividends, including with respect to the “extraordinary dividend” provisions of the Internal Revenue Code (US).
The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors, as more fully described under the heading “Forward-Looking Information” of this press release.
Conference Call, Financial Outlook and Growth Targets
In light of the Proposed transaction, Nuvei no longer holds earnings conference calls or provides a financial outlook or growth targets.
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 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
Nuvei’s condensed interim consolidated financial statements have been prepared in accordance with IFRS applicable to the preparation of interim financial statements, including IAS 34, Interim Financial Reporting, as issued by the IASB. The information presented in this press release includes non-IFRS financial measures, non-IFRS financial ratios and supplementary financial measures, namely Adjusted EBITDA, Adjusted net income, Adjusted net income per basic share, Adjusted net income per diluted share, Adjusted EBITDA less capital expenditures and Total volume. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of our results of operations from our perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company’s financial statements reported under IFRS. These measures are used to provide investors with additional insight of our operating performance and thus highlight trends in Nuvei’s business that may not otherwise be apparent when relying solely on IFRS measures. We also believe that securities analysts, investors and other interested parties frequently use these non-IFRS and other financial measures in the evaluation of issuers. We also use these measures to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. We believe these measures are important additional measures of our performance, primarily because they and similar measures are used widely among others in the payment technology industry as a means of evaluating a company’s underlying operating performance.
Non-IFRS Financial Measures
Adjusted EBITDA: We use Adjusted EBITDA as a means to evaluate operating performance, by eliminating the impact of non-operational or non-cash items. Adjusted EBITDA is defined as net income (loss) before finance costs (recovery), finance income, depreciation and amortization, income tax expense, acquisition, integration and severance costs, share-based payments and related payroll taxes, loss (gain) on foreign currency exchange, and legal settlement and other.
Adjusted EBITDA less capital expenditures: We use Adjusted EBITDA less capital expenditures (which we define as acquisition of intangible assets and property and equipment) as a supplementary indicator of our operating performance.
Adjusted net income: We use Adjusted net income as an indicator of business performance and profitability with our current tax and capital structure. Adjusted net income is defined as net income (loss) before acquisition, integration and severance costs, share-based payments and related payroll taxes, loss (gain) on foreign currency exchange, amortization of acquisition-related intangible assets, and the related income tax expense or recovery for these items. Adjusted net income also excludes change in redemption value of liability-classified common and preferred shares, change in fair value of share repurchase liability and accelerated amortization of deferred financing fees and legal settlement and other.
Non-IFRS Financial Ratios
Adjusted net income per basic share and per diluted share: We use Adjusted net income per basic share and per diluted share as an indicator of performance and profitability of our business on a per share basis. Adjusted net income per basic share and per diluted share means Adjusted net income less net income attributable to non-controlling interest divided by the basic and diluted weighted average number of common shares outstanding for the period, respectively. The number of share-based awards used in the diluted weighted average number of common shares outstanding in the Adjusted net income per diluted share calculation is determined using the treasury stock method as permitted under IFRS.
Supplementary Financial Measures
We monitor the following key performance indicators to help us evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. Our key performance indicators may be calculated in a manner that differs from similar key performance indicators used by other companies.
Total volume: We believe Total volume is an indicator of performance of our business. Total volume and similar measures are used widely among others in the payments industry as a means of evaluating a company’s performance. We define Total volume as the total dollar value of transactions processed in the period by customers under contractual agreement with us. Total volume does not represent revenue earned by us. Total volume includes acquiring volume, where we are in the flow of funds in the settlement transaction cycle, gateway/technology volume, where we provide our gateway/technology services but are not in the flow of funds in the settlement transaction cycle, as well as the total dollar value of transactions processed relating to APMs and payouts. Since our revenue is primarily sales volume and transaction-based, generated from merchants’ daily sales and through various fees for value-added services provided to our customers, fluctuations in Total volume will generally impact our revenue.
Forward-Looking Information
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “Forward-looking information”) within the meaning of applicable securities laws. Such forward-looking information may include, without limitation, information with respect to our objectives and the strategies to achieve these objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, estimates and intentions. This forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, or “continue”, the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Particularly, information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate, expectations regarding industry trends and the size and growth rates of addressable markets, our business plans and growth strategies, addressable market opportunity for our solutions, expectations regarding growth and cross-selling opportunities and intention to capture an increasing share of addressable markets, the costs and success of our sales and marketing efforts, intentions to expand existing relationships, further penetrate verticals, enter new geographical markets, expand into and further increase penetration of international markets, intentions to selectively pursue and successfully integrate acquisitions, and expected acquisition outcomes, cost savings, synergies and benefits, including with respect to the acquisition of Paya, future investments in our business and anticipated capital expenditures, our intention to continuously innovate, differentiate and enhance our platform and solutions, expected pace of ongoing legislation of regulated activities and industries, our competitive strengths and competitive position in our industry, and expectations regarding our revenue, revenue mix and the revenue generation potential of our solutions and expectations regarding our margins and future profitability, as well as statements regarding the Proposed transaction with Advent International L.P., alongside existing Canadian shareholders Philip Fayer, certain investment funds managed by Novacap Management Inc., and Caisse de dépôt et placement du Québec, including the proposed timing and various steps contemplated in respect of the transaction and statements regarding the plans, objectives, and intentions of Philip Fayer, certain investment funds managed by Novacap Management Inc., Caisse de dépôt et placement du Québec or Advent, are forward-looking information. Economic and geopolitical uncertainties, including regional conflicts and wars, including potential impacts of sanctions, may also heighten the impact of certain factors described herein.
In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances.
Forward-looking information is based on management's beliefs and assumptions and on information currently available to management, regarding, among other things, assumptions regarding foreign exchange rate, competition, political environment and economic performance of each region where the Company operates and general economic conditions and the competitive environment within our industry, including the following assumptions: (a) the Company will continue to effectively execute against its key strategic growth priorities, without any material adverse impact from macroeconomic or geopolitical headwinds on its or its customers' business, financial condition, financial performance, liquidity or any significant reduction in demand for its products and services, (b) the economic conditions in our core markets, geographies and verticals, including resulting consumer spending and employment, remaining at close to current levels, (c) assumptions as to foreign exchange rates and interest rates, including inflation, (d) the Company's continued ability to manage its growth effectively, (e) the Company's ability to continue to attract and retain key talent and personnel required to achieve its plans and strategies, including sales, marketing, support and product and technology operations, in each case both domestically and internationally, (f) the Company’s ability to successfully identify, complete, integrate and realize the expected benefits of past and recent acquisitions and manage the associated risks, as well as future acquisitions, (g) the absence of adverse changes in legislative or regulatory matters, (h) the Company’s continued ability to upskill and modify its compliance capabilities as regulations change or as the Company enters new markets or offers new products or services, (i) the Company’s continued ability to access liquidity and capital resources, including its ability to secure debt or equity financing on satisfactory terms, and (j) the absence of adverse changes in current tax laws. Unless otherwise indicated, forward-looking information does not give effect to the potential impact of any mergers, acquisitions, divestitures or business combinations that may be announced or closed after the date hereof. Although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, investors are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information.
Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail under “Risk Factors” of the Company's annual information form ("AIF") and the “Risk Factor’s” in the Company’s management’s discussion and analysis of financial condition and results of operations for the three and nine months ended September 30, 2024 (“MD&A”), such as: risks relating to our business, industry and overall economic uncertainty; the rapid developments and change in our industry; substantial competition both within our industry and from other payments providers; challenges implementing our growth strategy; challenges to expand our product portfolio and market reach; changes in foreign currency exchange rates, interest rates, consumer spending and other macroeconomic factors affecting our customers and our results of operations; challenges in expanding into new geographic regions internationally and continuing our growth within our markets; challenges in retaining existing customers, increasing sales to existing customers and attracting new customers; reliance on third-party partners to distribute some of our products and services; risks associated with future acquisitions, partnerships or joint-ventures; challenges related to economic and political conditions, business cycles and credit risks of our customers, such as wars like the Russia-Ukraine and Middle East conflicts and related economic sanctions; the occurrence of a natural disaster, a widespread health epidemic or pandemic or other similar events; history of net losses and additional significant investments in our business; our level of indebtedness; challenges to secure financing on favorable terms or at all; difficulty to maintain the same rate of revenue growth as our business matures and to evaluate our future prospects; inflation; challenges related to a significant number of our customers being small and medium businesses ("SMBs"); a certain degree of concentration in our customer base and customer sectors; compliance with the requirements of payment networks; reliance on, and compliance with, the requirements of acquiring banks and payment networks; challenges related to the reimbursement of chargebacks from our customers; financial liability related to the inability of our customers (merchants) to fulfill their requirements; our bank accounts being located in multiple territories and relying on banking partners to maintain those accounts; decline in the use of electronic payment methods; loss of key personnel or difficulties hiring qualified personnel; deterioration in relationships with our employees; impairment of a significant portion of intangible assets and goodwill; increasing fees from payment networks; misappropriation of end-user transaction funds by our employees; frauds by customers, their customers or others; coverage of our insurance policies; the degree of effectiveness of our risk management policies and procedures in mitigating our risk exposure; the integration of a variety of operating systems, software, hardware, web browsers and networks in our services; the costs and effects of pending and future litigation; various claims such as wrongful hiring of an employee from a competitor, wrongful use of confidential information of third parties by our employees, consultants or independent contractors or wrongful use of trade secrets by our employees of their former employers; deterioration in the quality of the products and services offered; managing our growth effectively; challenges from seasonal fluctuations on our operating results; changes in accounting standards; estimates and assumptions in the application of accounting policies; risks associated with less than full control rights of some of our subsidiaries and investments; challenges related to our holding company structure; impacts of climate change; development of AI and its integration in our operations, as well as risks relating to intellectual property and technology, risks related to data security incidents, including cyber-attacks, computer viruses, or otherwise which may result in a disruption of services or liability exposure; challenges regarding regulatory compliance in the jurisdictions in which we operate, due to complex, conflicting and evolving local laws and regulations and legal proceedings and risks relating to our Subordinate Voting Shares. [These risks and uncertainties further include (but are not limited to) as concerns the Proposed transaction with Advent, the failure of the parties to obtain the necessary regulatory approvals or to otherwise satisfy the conditions to the completion of the transaction, failure of the parties to obtain such approvals or satisfy such conditions in a timely manner, significant transaction costs or unknown liabilities, failure to realize the expected benefits of the transaction, and general economic conditions. Failure to obtain the necessary regulatory approvals, or the failure of the parties to otherwise satisfy the conditions to the completion of the transaction or to complete the transaction, may result in the transaction not being completed on the proposed terms, or at all.] In addition, if the transaction is not completed, and the Company continues as a publicly-traded entity, there are risks that the announcement of the Proposed transaction and the dedication of substantial resources of the Company to the completion of the transaction could have an impact on its business and strategic relationships (including with future and prospective employees, customers, suppliers and partners), operating results and activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects. Furthermore, in certain circumstances, the Company may be required to pay a termination fee pursuant to the terms of the arrangement agreement which could have a material adverse effect on its financial position and results of operations and its ability to fund growth prospects and current operations.
Our dividend policy is at the discretion of the Board. Any future determination to declare cash dividends on our securities will be made at the discretion of our Board, subject to applicable Canadian laws, and will depend on a number of factors, including our financial condition, results of operations, capital requirements, contractual restrictions (including covenants contained in our credit facilities), general business conditions and other factors that our Board may deem relevant. Further, our ability to pay dividends, as well as make share repurchases, will be subject to applicable laws and contractual restrictions contained in the instruments governing our indebtedness, including our credit facility. Any of the foregoing may have the result of restricting future dividends or share repurchases.
Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein represents our expectations as of the date hereof or as of the date it is otherwise stated to be made, as applicable, and is subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
(i) professional, legal, consulting, accounting and other fees and expenses related to our acquisition and financing activities, including the expenses related to the Proposed transaction. For the three months and nine months ended September 30, 2024, these expenses were $2.4 million and $16.8 million ($3.4 million and $23.0 million for the three months and nine months ended September 30, 2023). These costs are presented in the professional fees line item of selling, general and administrative expenses.
(ii) acquisition-related compensation was $0.7 million and $2.4 million for the three months and nine months ended September 30, 2024 and $0.6 million and $3.5 million for the three months and nine months ended September 30, 2023. These costs are presented in the employee compensation line item of selling, general and administrative expenses.
(iii) change in deferred purchase consideration for previously acquired businesses. No amount was recognized for the three months and nine months ended September 30, 2024 and 2023. These amounts are presented in the contingent consideration adjustment line item of selling, general and administrative expenses.
(iv) severance and integration expenses, which were $4.6 million and $5.1 million for the three months and nine months ended September 30, 2024 ($1.1 million and $10.6 million for three months and nine months ended September 30, 2023). These expenses are presented in selling, general and administrative expenses and cost of revenue.
(b) These expenses are recognized in connection with stock options and other awards issued under share-based plans as well as related payroll taxes that are directly attributable to share-based payments. For the three months and nine months ended September 30, 2024, the expenses consisted of non-cash share-based payments of $14.9 million and $65.3 million ($34.0 million and $105.5 million for the three months and nine months ended September 30, 2023), $0.5 million and $4.9 million for related payroll taxes ($0.1 million and $0.9 million for the three months and nine months ended September 30, 2023),
(c) This primarily represents legal settlements and associated legal costs, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in selling, general and administrative expenses. For the nine months ended September 30, 2024, the gain consisted mainly of a gain on business combination of $4.0 million.
(a) This line item relates to amortization expense taken on intangible assets created from the purchase price adjustment process on acquired companies and businesses and resulting from a change in control of the Company.
(b) These expenses relate to:
(i) professional, legal, consulting, accounting and other fees and expenses related to our acquisition and financing activities, including the expenses related to the Proposed transaction. For the three months and nine months ended September 30, 2024, these expenses were $2.4 million and $16.8 million ($3.4 million and $23.0 million for the three months and nine months ended September 30, 2023). These costs are presented in the professional fees line item of selling, general and administrative expenses.
(ii) acquisition-related compensation was $0.7 million and $2.4 million for the three months and nine months ended September 30, 2024 and $0.6 million and $3.5 million for the three months and nine months ended September 30, 2023. These costs are presented in the employee compensation line item of selling, general and administrative expenses.
(iii) change in deferred purchase consideration for previously acquired businesses. No amount was recognized for the three months and nine months ended September 30, 2024 and 2023. These amounts are presented in the contingent consideration adjustment line item of selling, general and administrative expenses.
(iv) severance and integration expenses, which were $4.6 million and $5.1 million for the three months and nine months ended September 30, 2024 ($1.1 million and $10.6 million for the three months and nine months ended September 30, 2023). These expenses are presented in selling, general and administrative expenses and cost of revenue.
(c) These expenses are recognized in connection with stock options and other awards issued under share-based plans as well as related payroll taxes that are directly attributable to share-based payments. For the three months and nine months ended September 30, 2024, the expenses consisted of non-cash share-based payments of $14.9 million and $65.3 million ($34.0 million and $105.5 million for the three months and nine months ended September 30, 2023), $0.5 million and $4.9 million for related payroll taxes ($0.1 million and $0.9 million for the three months and nine months ended September 30, 2023).
(d) This primarily represents legal settlements and associated legal costs, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in selling, general and administrative expenses. For the nine months ended September 30, 2024, the gain consisted mainly of a gain on business combination of $4.0 million.
(e) This line item reflects income tax expense on taxable adjustments using the tax rate of the applicable jurisdiction.
(f) The number of share-based awards used in the diluted weighted average number of common shares outstanding in the Adjusted net income per diluted share calculation is determined using the treasury stock method as permitted under IFRS.
MONTREAL and AUSTIN, October 22, 2024 – 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 partnership, launching internationally across North America, Europe and APAC, enables BigCommerce customers to access Nuvei's comprehensive suite of omnichannel payment solutions through its Nuvei for Platforms solution, bridging the gap between online and in-store experiences through a single payment processing partner.
Nuvei's offering for BigCommerce customers provides comprehensive transaction processing capabilities, including payment acceptance, pre-authorization, refund management, advanced 3DS2 technology, multi-currency support, stored card processing, and embedded checkout integration. BigCommerce brands and retailers benefit from bank-agnostic fast settlements, access to all the relevant alternative payment methods, centralized payment management, and dedicated integration support. This single, seamless solution empowers businesses to streamline operations, cater to diverse customer preferences, and optimize payment processing costs while ensuring quick access to revenue through same-day or next-day funding.
Philip Fayer, Nuvei's Chair and CEO, commented on the announcement: “We are thrilled to partner with BigCommerce to bring our cutting-edge Nuvei for Platforms payment solutions to their global customer base, beginning in the North American, European and Australian markets. This partnership aligns perfectly with our mission to connect businesses to their customers more deeply through payments, offering tailored solutions that cater to the specific needs of eCommerce businesses that are focused on scaling their business.”
Fayer added: “By combining Nuvei's expertise in unified payment solutions with BigCommerce's robust platform, we're providing customers with the tools they need to succeed in both digital and physical marketplaces.”
Shannon Ingrey, Vice President and General Manager, APAC, at BigCommerce, stated: “Our partnership with Nuvei further illustrates our commitment to providing customers access to the highest-caliber technologies and service providers available in the industry. Nuvei shares our desire to help brands and retailers sell more and grow faster to maximize success, and we look forward to working together to mutually support customers.”
Nuvei For Platforms: Accelerating growth through integrated payments
This partnership is the latest announcement from Nuvei as it continues to strengthen its global reach in the global eCommerce SaaS market, one of the fastest growing subsectors of eCommerce. Nuvei for Platforms, Nuvei’s suite of integrated payments solutions, empowers businesses to accelerate growth and drive revenue by providing them with a fully customizable solution to embed enterprise-grade payments technology into their own platforms. This solution enables platforms to offer complex, high-performance payment solutions that were once only available to large enterprises, now accessible to businesses of all sizes.
About BigCommerce
BigCommerce (Nasdaq: BIGC) is a leading open SaaS and composable ecommerce platform that empowers brands and retailers of all sizes to build, innovate and grow their businesses online. BigCommerce provides its customers sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries rely on BigCommerce, including Burrow, Coldwater Creek, Francesca’s, Harvey Nichols, King Arthur Baking Co., MKM Building Supplies, United Aqua Group and Uplift Desk. For more information, please visit www.bigcommerce.com or follow us on X and LinkedIn.
BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.
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 716 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
TOKYO and MONTREAL, October 8, 2024 – 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 existing relationship with JCB in Europe, further strengthening Nuvei's position in the rapidly growing Asia-Pacific (APAC) eCommerce market.
Through this enhanced partnership, Nuvei now offers JCB acceptance to its global merchant ecosystem, enabling JCB's community of more than 158 million cardmembers to pay directly to online businesses integrated with Nuvei. This development is particularly significant for Nuvei's customers in the APAC region, including leading eCommerce brands such as Charles & Keith.
Philip Fayer, Nuvei's Chair and CEO, commented on the announcement: "Extending our partnership with JCB to Singapore and Hong Kong enhances our service offering for businesses in strategic APAC markets and demonstrates our commitment to providing comprehensive payment solutions that drive growth for our clients globally."
Nuvei's modular payments platform enables clients to securely connect with customers in over 200 markets worldwide through a single integration, accepting 716 alternative payment methods and offering acquiring in over 50 markets. This extensive reach and flexibility are particularly valuable in the context of the rapidly expanding eCommerce markets in Singapore and Hong Kong.
Hiroko Michishita, Managing Director, JCB International Asia Pacific Pte. Ltd., said, “Between 2021 and 2022, JCB has almost doubled the volume of ecommerce transactions in Singapore. While East Asia is our traditional stronghold, we have seen substantial growth in our ASEAN card base of 132% from 2018 to 2023. Nuvei’s latest expansion into Singapore and Hong Kong complements JCB’s long-term growth strategy. We are confident that Nuvei’s presence in Asia will enable both companies to work closer together and quickly achieve substantial sales volumes.”
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 716 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 49 million merchants around the world. JCB Cards are now issued mainly in Asian countries and territories, with more than 158 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/
MONTREAL, September 24 2024 – Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announced the launch of several new features and enhancements for its Nuvei for Platforms product.
Nuvei for Platforms is designed to accelerate growth and drive revenue for various business models, including marketplaces, commerce platforms, the gig economy, payment facilitators, and independent software vendors (ISVs). Through a single integration, businesses can customize Nuvei's comprehensive suite of payments technology, including merchant onboarding, pay-ins and payouts, optimization, orchestration, fraud prevention, and risk management.
Highlights of Nuvei for Platforms’ new features and enhancements include:
Decoupled pay-ins and payouts to provide greater flexibility in managing cash flow, optimize currency conversions, and tailor payment strategies to specific market needs. Businesses can also expand their geographic reach for payment acceptance, choosing from over 700 local and alternative payment methods. Nuvei for Platforms currently supports decoupled pay-ins and payouts in the UK and EU, with global expansion to follow.
Split Payments: Nuvei's split payments feature streamlines operations by automatically splitting each processed transaction into the platform's commission and the seller's fee, ensuring PSD2 compliance. It also enables seamless multi-seller management and simplifies regulatory compliance by keeping the platform out of the money flow.
Auto Reconciliation: Nuvei's auto reconciliation capabilities consolidate multiple incoming payment flows into a single payout to the seller or platform, simplifying accounting and operations.
Balance Management: New features include the ability to transfer funds between marketplace and seller accounts, allowing platforms to charge for corrections or monthly fees.
Seller Invoicing: Nuvei’s seller invoicing feature has been updated to offer enhanced customization and white-label options, allowing businesses to tailor invoices to their brand identity and specific operational needs.
Amidst the digital transformation of the global commerce landscape, the Embedded Payments market is poised for continued rapid growth, translating into substantial revenue opportunities for Nuvei via its Nuvei for Platforms product suite. The market, valued at approximately USD $83bn in 2023, is projected to expand at a compound annual growth rate of greater than 30%, reaching an estimated $730bn by 2032.
"Our mission is to empower businesses to connect more deeply with their customers through innovative payments solutions. This new functionality is a testament to that commitment," said Philip Fayer, Nuvei's Chair and CEO. "By enhancing the embedded payments capabilities of our platform, we're enabling our customers – from marketplaces and commerce platforms to payment facilitators and software providers – to offer a seamless, customized payments experience that unlocks new growth opportunities."
The growth of marketplace payments
Marketplace payments are experiencing rapid growth, driven by the surge in eCommerce adoption and the international expansion of many of the globe’s leading online marketplaces. Marketplaces are now the single largest source of online consumer purchases, with estimates ranging from 40-60% of all consumer payments taking place via a marketplace platform. The relevance of marketplaces will continue to grow, with Gross Merchandise Value reaching an estimated $3.8tn for the top 100 global marketplaces in 2024.
By leveraging Nuvei's cutting-edge solutions, businesses can unlock new revenue streams and capitalize on the booming marketplace economy. The flexibility and control provided by the decoupled pay-in and payout processes, along with the availability of localized payment methods, position Nuvei as a key strategic partner in driving marketplace success.
In conjunction with introducing these new product enhancements to its Nuvei for Platforms offering, Nuvei recently acquired marketplace technology provider Payaut and is excited to welcome its expert team that brings even more specialized knowledge to support our ongoing commitment to innovation in the payments space.
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 716 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
MONTREAL, September 5 2024 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has published its third annual ESG Report for 2023.
The report details Nuvei’s ongoing achievements across the key pillars of its ESG strategy and highlights the various ways Nuvei continues to deliver on its vision of being a people-first, technology-led global payments platform.
“Sound corporate governance, strong information security procedures, team member well-being, positive community contributions, and environmental stewardship have been cornerstones of our culture since our inception more than 20 years ago,” said Philip Fayer, Chair and CEO of Nuvei. “We remain committed to an ESG journey that relies on continuous improvement in our transparency, accountability, and results.”
A selection of Nuvei’s 2023 ESG achievements detailed in the report include:
Integrating ESG Materiality Assessment Results: Nuvei worked to incorporate the results of the inaugural ESG Materiality Assessment and align the Company’s ESG priorities with long-term strategy
ESG Policy: The Company established a formal ESG Policy summarizing its commitments and sustainability initiatives
Team Member Engagement Survey: Nuvei completed and began implementing the results from its first companywide team member engagement survey. Through this process and team member insights the Company established new team member resources and engagement initiatives
Team Member Resource Group: The Company established a formal Team Member Resource Group, OneNuvei, and its three sub-groups: DE&I, Whole Person Wellness and Global Collaboration
Commitment to Gender Equality: As the Company continually strives to empower its team members and achieve equality regardless of gender, Nuvei is proud to have met a goal set out by the Company’s Board Diversity Policy for Women to represent at least 30% of the Board by the end of fiscal year 2023
GHG Emissions Assessment: Nuvei further assessed the results of its formal Greenhouse Gas ("GHG") Inventory to better understand its environmental impact and identify where the Company can make the most difference
Data in this report has been aligned with the Sustainability Accounting Standards (SASB) Technology and Communications standards for the Software and IT Services Industry and the United Nations Sustainable Development Goals (UNSDGs)
The full report is available to read and download online here.
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 716 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
MONTREAL and NOKOMIS, Florida, August 8 2024 – Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces its partnership with Scanco Software, LLC ("Scanco"), a leading provider of innovative software solutions for the manufacturing and distribution industries, to enhance Scanco’s new Invoice2Payment (i2PAY) solution.
i2PAY complements Scanco’s existing warehouse management capabilities with payments features including online payment processing, email receipts, automated deposits, and advanced analytics. Collaborating with Nuvei enables Scanco customers to access a market-leading suite of payment solutions, including Card-Not-Present and ACH processing capabilities, integrated directly into Scanco customers' enterprise resource planning (ERP) systems, including Sage, to facilitate simplified workflows, increase back-office efficiencies, and shorten invoice-to-cash cycles.
Nuvei's ERP payments engine delivers seamlessly integrated payment acceptance and disbursement solutions to its customers, as well as single-view visibility of data and insights needed to make faster, better-informed decisions. By leveraging Nuvei's deep ERP payments expertise, and delivering near-real-time payment information, Scanco customers will be able to reconcile financial information across systems and improve visibility more efficiently.
The partnership helps Scanco facilitate its aspirations to develop an Autonomous Supply Chain platform across eCommerce, Distributed Order Management, Warehouse Management Systems and Production and Shipping. Also, by utilizing Nuvei's global reach Scanco will achieve its future international expansion plans.
Philip Fayer, Nuvei Chair and CEO, commented on the announcement:
By integrating our advanced B2B payment capabilities with Scanco's innovative software, we're enabling businesses to streamline their operations, improve cash flow, and make more informed financial decisions.
Andy Nunez, President & CEO of Scanco, added:
Partnering with Nuvei allows us to offer our customers a comprehensive payment solution in i2PAY that addresses the critical payment requirements of our customers. The integration of Nuvei's payment technologies with our mobility solutions will provide unparalleled efficiency and visibility for businesses operating in warehouse and manufacturing environments.
This partnership marks a significant step for Nuvei in increasing its integrated distribution and solidifying its presence as the provider of payment solutions to manufacturing and distribution customers in this rapidly growing sector.
About Scanco
Over the years, Scanco Software, LLC (www.scanco.com) has been at the forefront of developing new technologies for mobile warehouse, manufacturing, and payment automation solutions. Scanco's solutions deliver unequaled efficiency and visibility for distribution and manufacturing companies around the globe.
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 716 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards (“IFRS”)
MONTREAL, AUGUST 6, 2024 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today reported its financial results for the three and six months ended June 30, 2024.
Financial Highlights for the Three Months Ended June 30, 2024 Compared to 2023:
Total volume(a) increased by 22% to $61.7 billion from $50.6 billion;
Revenue increased by 13% to $345.5 million from $307.0 million;
Net income decreased by 54% to $5.3 million from $11.6 million;
Adjusted EBITDA(b) increased by 6% to $116.8 million from $110.3 million;
Adjusted net income(b) increased by 8% to $62.6 million from $58.1 million;
Net income per diluted share decreased to $0.02 from $0.07;
Adjusted net income per diluted share(b) increased by 5% to $0.41 from $0.39 ;
Adjusted EBITDA less capital expenditures(b) increased to $96.4 million from $95.9 million.
Financial Highlights for the Six Months Ended June 30, 2024 Compared to 2023:
Total volume(a) increased by 31% to $121.8 billion from $93.0 billion;
Revenue increased 21% to $680.6 million from $563.5 million;
Net income decreased by 84% to $0.5 million from $3.3 million;
Adjusted EBITDA(b) increased by 12% to $231.6 million from $206.6 million;
Adjusted net income(b) increased by 2% to $125.1 million from $122.5 million;
Net loss per diluted share was $0.02 compared to net income per diluted share of $0.00;
Adjusted net income per diluted share(b) was stable at $0.83;
Adjusted EBITDA less capital expenditures(b) increased by 9% to $195.5 million from $179.5 million; and,
Cash dividends declared were $28.2 million.
(a) Total volume does not represent revenue earned by the Company, but rather the total dollar value of transactions processed by merchants under contractual agreement with the Company. See “Non-IFRS and Other Financial Measures”.
(b) Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per diluted share and Adjusted EBITDA less capital expenditures are non-IFRS measures and non-IFRS ratios. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. See “Non-IFRS and Other Financial Measures”.
Proposed take private transaction
As previously announced, on April 1, 2024 the Company entered into a definitive arrangement agreement to be taken private by Advent International (“Advent”), one of the world’s largest and most experienced global private equity investors, as well as a longstanding sponsor in the payments space, alongside existing Canadian shareholders Philip Fayer, certain investment funds managed by Novacap Management Inc. and Caisse de dépôt et placement du Québec, in an all-cash transaction which values the Company at an enterprise value of approximately $6.3 billion (the “Proposed transaction”). Advent will acquire all the issued and outstanding Subordinate Voting Shares and any Multiple Voting Shares (collectively the “Shares”) that are not Rollover Shares , for a price of $34.00 per Share, in cash. This price represents an attractive and significant premium of approximately 56% to the closing price of the Subordinate Voting Shares on the Nasdaq Global Select Market (“Nasdaq”) on March 15, 2024, the last trading day prior to media reports concerning a potential transaction involving the Company, and a premium of approximately 48% to the 90-day volume weighted average trading price per Subordinate Voting Share as of such date.
The Proposed transaction will be implemented by way of a statutory plan of arrangement under the Canada Business Corporations Act. The Proposed transaction was approved by shareholders at a special meeting held on June 18, 2024 and received court approval on June 20, 2024. The proposed transaction remains subject to customary closing conditions, including receipt of key regulatory approvals (a number of which were received and/or for which the waiting period has expired as of the date hereof, with several approvals remaining outstanding), is not subject to any financing condition and, assuming the timely receipt of all required key regulatory approvals, is expected to close in late 2024 or the first quarter of 2025.
Following completion of the transaction, it is expected that the Subordinate Voting Shares will be delisted from each of the Toronto Stock Exchange and the Nasdaq and that Nuvei will cease to be a reporting issuer in all applicable Canadian jurisdictions and will deregister the Subordinate Voting Shares with the U.S. Securities and Exchange Commission (the “SEC”).
Cash Dividend
Nuvei today announced that its Board of Directors has authorized and declared a cash dividend of $0.10 per Subordinate Voting Share and Multiple Voting Share, payable on September 5, 2024 to shareholders of record on August 20, 2024. The aggregate amount of the dividend is expected to be approximately $14 million, to be funded from the Company’s existing cash on hand.
The Company, for the purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation, designates the dividend declared for the quarter ended June 30, 2024, and any future dividends, to be eligible dividends. The Company further expects to report such dividends as a dividend to U.S. shareholders for U.S. federal income tax purposes. Subject to applicable limitations, dividends paid to certain non-corporate U.S. shareholders may be eligible for taxation as “qualified dividend income” and therefore may be taxable at rates applicable to long-term capital gains. A U.S. shareholder should talk to its advisor regarding such dividends, including with respect to the “extraordinary dividend” provisions of the Internal Revenue Code (US).
The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors, as more fully described under the heading “Forward-Looking Information” of this press release.
Conference Call, Financial Outlook and Growth Targets
In light of the Proposed transaction, Nuvei no longer holds earnings conference calls or provides its financial outlook or growth targets.
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 716 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
Nuvei’s condensed interim consolidated financial statements have been prepared in accordance with IFRS applicable to the preparation of interim financial statements, including IAS 34, Interim Financial Reporting, as issued by the IASB. The information presented in this press release includes non-IFRS financial measures, non-IFRS financial ratios and supplementary financial measures, namely Adjusted EBITDA, Adjusted net income, Adjusted net income per basic share, Adjusted net income per diluted share, Adjusted EBITDA less capital expenditures and Total volume. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of our results of operations from our perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company’s financial statements reported under IFRS. These measures are used to provide investors with additional insight of our operating performance and thus highlight trends in Nuvei’s business that may not otherwise be apparent when relying solely on IFRS measures. We also believe that securities analysts, investors and other interested parties frequently use these non-IFRS and other financial measures in the evaluation of issuers. We also use these measures to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. We believe these measures are important additional measures of our performance, primarily because they and similar measures are used widely among others in the payment technology industry as a means of evaluating a company’s underlying operating performance.
Non-IFRS Financial Measures
Adjusted EBITDA: We use Adjusted EBITDA as a means to evaluate operating performance, by eliminating the impact of non-operational or non-cash items. Adjusted EBITDA is defined as net income (loss) before finance costs (recovery), finance income, depreciation and amortization, income tax expense, acquisition, integration and severance costs, share-based payments and related payroll taxes, loss (gain) on foreign currency exchange, and legal settlement and other.
Adjusted EBITDA less capital expenditures: We use Adjusted EBITDA less capital expenditures (which we define as acquisition of intangible assets and property and equipment) as a supplementary indicator of our operating performance.
Adjusted net income: We use Adjusted net income as an indicator of business performance and profitability with our current tax and capital structure. Adjusted net income is defined as net income (loss) before acquisition, integration and severance costs, share-based payments and related payroll taxes, loss (gain) on foreign currency exchange, amortization of acquisition-related intangible assets, and the related income tax expense or recovery for these items. Adjusted net income also excludes change in redemption value of liability-classified common and preferred shares, change in fair value of share repurchase liability and accelerated amortization of deferred financing fees and legal settlement and other.
Non-IFRS Financial Ratios
Adjusted net income per basic share and per diluted share: We use Adjusted net income per basic share and per diluted share as an indicator of performance and profitability of our business on a per share basis. Adjusted net income per basic share and per diluted share means Adjusted net income less net income attributable to non-controlling interest divided by the basic and diluted weighted average number of common shares outstanding for the period, respectively. The number of share-based awards used in the diluted weighted average number of common shares outstanding in the Adjusted net income per diluted share calculation is determined using the treasury stock method as permitted under IFRS.
Supplementary Financial Measures
We monitor the following key performance indicators to help us evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. Our key performance indicators may be calculated in a manner that differs from similar key performance indicators used by other companies.
Total volume: We believe Total volume is an indicator of performance of our business. Total volume and similar measures are used widely among others in the payments industry as a means of evaluating a company’s performance. We define Total volume as the total dollar value of transactions processed in the period by customers under contractual agreement with us. Total volume does not represent revenue earned by us. Total volume includes acquiring volume, where we are in the flow of funds in the settlement transaction cycle, gateway/technology volume, where we provide our gateway/technology services but are not in the flow of funds in the settlement transaction cycle, as well as the total dollar value of transactions processed relating to APMs and payouts. Since our revenue is primarily sales volume and transaction-based, generated from merchants’ daily sales and through various fees for value-added services provided to our customers, fluctuations in Total volume will generally impact our revenue.
Forward-Looking Information
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “Forward-looking information”) within the meaning of applicable securities laws. Such forward-looking information may include, without limitation, information with respect to our objectives and the strategies to achieve these objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, estimates and intentions. This forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, or “continue”, the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Particularly, information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate, expectations regarding industry trends and the size and growth rates of addressable markets, our business plans and growth strategies, addressable market opportunity for our solutions, expectations regarding growth and cross-selling opportunities and intention to capture an increasing share of addressable markets, the costs and success of our sales and marketing efforts, intentions to expand existing relationships, further penetrate verticals, enter new geographical markets, expand into and further increase penetration of international markets, intentions to selectively pursue and successfully integrate acquisitions, and expected acquisition outcomes, cost savings, synergies and benefits, including with respect to the acquisition of Paya, future investments in our business and anticipated capital expenditures, our intention to continuously innovate, differentiate and enhance our platform and solutions, expected pace of ongoing legislation of regulated activities and industries, our competitive strengths and competitive position in our industry, and expectations regarding our revenue, revenue mix and the revenue generation potential of our solutions and expectations regarding our margins and future profitability, as well as statements regarding the Proposed transaction with Advent International L.P., alongside existing Canadian shareholders Philip Fayer, certain investment funds managed by Novacap Management Inc., and Caisse de dépôt et placement du Québec, including the proposed timing and various steps contemplated in respect of the transaction and statements regarding the plans, objectives, and intentions of Philip Fayer, certain investment funds managed by Novacap Management Inc., Caisse de dépôt et placement du Québec or Advent, are forward-looking information. Economic and geopolitical uncertainties, including regional conflicts and wars, including potential impacts of sanctions, may also heighten the impact of certain factors described herein.
In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances.
Forward-looking information is based on management's beliefs and assumptions and on information currently available to management, regarding, among other things, assumptions regarding foreign exchange rate, competition, political environment and economic performance of each region where the Company operates and general economic conditions and the competitive environment within our industry, including the following assumptions: (a) the Company will continue to effectively execute against its key strategic growth priorities, without any material adverse impact from macroeconomic or geopolitical headwinds on its or its customers' business, financial condition, financial performance, liquidity or any significant reduction in demand for its products and services, (b) the economic conditions in our core markets, geographies and verticals, including resulting consumer spending and employment, remaining at close to current levels, (c) assumptions as to foreign exchange rates and interest rates, including inflation, (d) the Company's continued ability to manage its growth effectively, (e) the Company's ability to continue to attract and retain key talent and personnel required to achieve its plans and strategies, including sales, marketing, support and product and technology operations, in each case both domestically and internationally, (f) the Company’s ability to successfully identify, complete, integrate and realize the expected benefits of past and recent acquisitions and manage the associated risks, as well as future acquisitions, (g) the absence of adverse changes in legislative or regulatory matters, (h) the Company’s continued ability to upskill and modify its compliance capabilities as regulations change or as the Company enters new markets or offers new products or services, (i) the Company’s continued ability to access liquidity and capital resources, including its ability to secure debt or equity financing on satisfactory terms, and (j) the absence of adverse changes in current tax laws. Unless otherwise indicated, forward-looking information does not give effect to the potential impact of any mergers, acquisitions, divestitures or business combinations that may be announced or closed after the date hereof. Although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, investors are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information.
Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail under “Risk Factors” of the Company's annual information form ("AIF") and the “Risk Factor’s” in the Company’s management’s discussion and analysis of financial condition and results of operations for the three months ended June 30, 2024 (“MD&A”), such as: risks relating to our business, industry and overall economic uncertainty; the rapid developments and change in our industry; substantial competition both within our industry and from other payments providers; challenges implementing our growth strategy; challenges to expand our product portfolio and market reach; changes in foreign currency exchange rates, interest rates, consumer spending and other macroeconomic factors affecting our customers and our results of operations; challenges in expanding into new geographic regions internationally and continuing our growth within our markets; challenges in retaining existing customers, increasing sales to existing customers and attracting new customers; reliance on third-party partners to distribute some of our products and services; risks associated with future acquisitions, partnerships or joint-ventures; challenges related to economic and political conditions, business cycles and credit risks of our customers, such as wars like the Russia-Ukraine and Middle East conflicts and related economic sanctions; the occurrence of a natural disaster, a widespread health epidemic or pandemic or other similar events; history of net losses and additional significant investments in our business; our level of indebtedness; challenges to secure financing on favorable terms or at all; difficulty to maintain the same rate of revenue growth as our business matures and to evaluate our future prospects; inflation; challenges related to a significant number of our customers being small and medium businesses ("SMBs"); a certain degree of concentration in our customer base and customer sectors; compliance with the requirements of payment networks; reliance on, and compliance with, the requirements of acquiring banks and payment networks; challenges related to the reimbursement of chargebacks from our customers; financial liability related to the inability of our customers (merchants) to fulfill their requirements; our bank accounts being located in multiple territories and relying on banking partners to maintain those accounts; decline in the use of electronic payment methods; loss of key personnel or difficulties hiring qualified personnel; deterioration in relationships with our employees; impairment of a significant portion of intangible assets and goodwill; increasing fees from payment networks; misappropriation of end-user transaction funds by our employees; frauds by customers, their customers or others; coverage of our insurance policies; the degree of effectiveness of our risk management policies and procedures in mitigating our risk exposure; the integration of a variety of operating systems, software, hardware, web browsers and networks in our services; the costs and effects of pending and future litigation; various claims such as wrongful hiring of an employee from a competitor, wrongful use of confidential information of third parties by our employees, consultants or independent contractors or wrongful use of trade secrets by our employees of their former employers; deterioration in the quality of the products and services offered; managing our growth effectively; challenges from seasonal fluctuations on our operating results; changes in accounting standards; estimates and assumptions in the application of accounting policies; risks associated with less than full control rights of some of our subsidiaries and investments; challenges related to our holding company structure; impacts of climate change; development of AI and its integration in our operations, as well as risks relating to intellectual property and technology, risks related to data security incidents, including cyber-attacks, computer viruses, or otherwise which may result in a disruption of services or liability exposure; challenges regarding regulatory compliance in the jurisdictions in which we operate, due to complex, conflicting and evolving local laws and regulations and legal proceedings and risks relating to our Subordinate Voting Shares. These risks and uncertainties further include (but are not limited to) as concerns the Proposed transaction with Advent, the failure of the parties to obtain the necessary regulatory approvals or to otherwise satisfy the conditions to the completion of the transaction, failure of the parties to obtain such approvals or satisfy such conditions in a timely manner, significant transaction costs or unknown liabilities, failure to realize the expected benefits of the transaction, and general economic conditions. Failure to obtain the necessary shareholder, regulatory and court approvals, or the failure of the parties to otherwise satisfy the conditions to the completion of the transaction or to complete the transaction, may result in the transaction not being completed on the proposed terms, or at all. In addition, if the transaction is not completed, and the Company continues as a publicly-traded entity, there are risks that the announcement of the Proposed transaction and the dedication of substantial resources of the Company to the completion of the transaction could have an impact on its business and strategic relationships (including with future and prospective employees, customers, suppliers and partners), operating results and activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects. Furthermore, in certain circumstances, the Company may be required to pay a termination fee pursuant to the terms of the arrangement agreement which could have a material adverse effect on its financial position and results of operations and its ability to fund growth prospects and current operations.
Our dividend policy is at the discretion of the Board. Any future determination to declare cash dividends on our securities will be made at the discretion of our Board, subject to applicable Canadian laws, and will depend on a number of factors, including our financial condition, results of operations, capital requirements, contractual restrictions (including covenants contained in our credit facilities), general business conditions and other factors that our Board may deem relevant. Further, our ability to pay dividends, as well as make share repurchases, will be subject to applicable laws and contractual restrictions contained in the instruments governing our indebtedness, including our credit facility. Any of the foregoing may have the result of restricting future dividends or share repurchases.
Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein represents our expectations as of the date hereof or as of the date it is otherwise stated to be made, as applicable, and is subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
(i) professional, legal, consulting, accounting and other fees and expenses related to our acquisition and financing activities, including the expenses related to the Proposed transaction. For the three months and six months ended June 30, 2024, these expenses were $4.2 million and $14.5 million ($1.1 million and $19.6 million for the three months and six months ended June 30, 2023). These costs are presented in the professional fees line item of selling, general and administrative expenses.
(ii) acquisition-related compensation was $0.6 million and $1.7 million for the three months and six months ended June 30, 2024 and $0.7 million and $2.8 million for the three months and six months ended June 30, 2023. These costs are presented in the employee compensation line item of selling, general and administrative expenses.
(iii) change in deferred purchase consideration for previously acquired businesses. No amount was recognized for the three months and six months ended June 30, 2024 and 2023. These amounts are presented in the contingent consideration adjustment line item of selling, general and administrative expenses.
(iv) severance and integration expenses, which were $0.2 million and $0.5 million for the three months and six months ended June 30, 2024 ($4.8 million and $9.5 million for three months and six months ended June 30, 2023). These expenses are presented in selling, general and administrative expenses and cost of revenue.
(b) These expenses are recognized in connection with stock options and other awards issued under share-based plans as well as related payroll taxes that are directly attributable to share-based payments. For the three months and six months ended June 30, 2024, the expenses consisted of non-cash share-based payments of $20.6 million and $50.4 million ($35.9 million and $71.4 million for the three months and six months ended June 30, 2023), $4.1 million and $4.3 million for related payroll taxes ($0.4 million and $0.9 million for the three months and six months ended June 30, 2023),
(c) This primarily represents legal settlements and associated legal costs, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in selling, general and administrative expenses. For the six months ended June 30, 2024, the gain consisted mainly of a gain on business combination of $4.0 million.
(a) This line item relates to amortization expense taken on intangible assets created from the purchase price adjustment process on acquired companies and businesses and resulting from a change in control of the Company.
(b) These expenses relate to:
(i) professional, legal, consulting, accounting and other fees and expenses related to our acquisition and financing activities, including the expenses related to the Proposed transaction. For the three months and six months ended June 30, 2024, these expenses were $4.2 million and $14.5 million ($1.1 million and $19.6 million for the three months and six months ended June 30, 2023). These costs are presented in the professional fees line item of selling, general and administrative expenses.
(ii) acquisition-related compensation was $0.6 million and $1.7 million for the three months and six months ended June 30, 2024 and $0.7 million and $2.8 million for the three months and six months ended June 30, 2023. These costs are presented in the employee compensation line item of selling, general and administrative expenses.
(iii) change in deferred purchase consideration for previously acquired businesses. No amount was recognized for the three months and six months ended June 30, 2024 and 2023. These amounts are presented in the contingent consideration adjustment line item of selling, general and administrative expenses.
(iv) severance and integration expenses, which were $0.2 million and $0.5 million for the three months and six months ended June 30, 2024 ($4.8 million and $9.5 million for the three months and six months ended June 30, 2023). These expenses are presented in selling, general and administrative expenses and cost of revenue.
(c) These expenses are recognized in connection with stock options and other awards issued under share-based plans as well as related payroll taxes that are directly attributable to share-based payments. For the three months and six months ended June 30, 2024, the expenses consisted of non-cash share-based payments of $20.6 million and $50.4 million ($35.9 million and $71.4 million for the three months and six months ended June 30, 2023), $4.1 million and $4.3 million for related payroll taxes ($0.4 million and $0.9 million for the three months and six months ended June 30, 2023).
(d) This primarily represents legal settlements and associated legal costs, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in selling, general and administrative expenses. For the three months ended June 30, 2024, the gain consisted mainly of a gain on business combination of $4.0 million.
(e) This line item reflects income tax expense on taxable adjustments using the tax rate of the applicable jurisdiction.
(f) The number of share-based awards used in the diluted weighted average number of common shares outstanding in the Adjusted net income per diluted share calculation is determined using the treasury stock method as permitted under IFRS.
[1] Philip Fayer, Novacap and CDPQ (together with entities they control directly or indirectly, collectively, the "Rollover Shareholders") have agreed to roll approximately 95%, 65% and 75%, respectively, of their Shares (the "Rollover Shares") and are expected to receive in aggregate approximately US$560 million in cash for the Shares sold on closing. Philip Fayer, Novacap and CDPQ are expected to indirectly own or control approximately 24%, 18% and 12%, respectively, of the equity in the resulting private company. Percentages and amount of expected cash proceeds are based on current assumed cash position and are subject to change as a result of cash generated before closing.
MONTREAL, August 5 2024 – Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda. (“Pay2All”), a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone is expected to enhance Nuvei's capabilities in the Brazilian market and reinforces its commitment to the Latin American (LATAM) region.
The Payment Institution license will enable Nuvei to offer comprehensive payment services in Brazil as an Issuer of Electronic Currency. These include accepting payments, managing e-wallets and betting accounts, and participating in all of Brazil's local payment systems, including processing Pagamentos Instantâneos (“PIX”) transactions.
A Payment Institution license is required to provide transactional services for authorized operators in the newly regulated market of sports betting and online gaming, in accordance with Law No. 14.790/23. Brazil's iGaming market presents significant growth opportunities for Nuvei. Revenue in the Brazilian iGaming market is projected to reach US$1.97bn in 2024 and is predicted to show an annual growth rate (CAGR 2024-2029) of 15.39%, resulting in a projected market volume of US$4.03bn by 2029.
By securing a Payment Institution license, Nuvei will be well positioned as a payment partner of choice to the iGaming and broader eCommerce ecosystems in Brazil. The proposed transaction is subject to customary closing conditions, including receipt of key regulatory approvals by the Central Bank of Brazil and local antitrust authorities.
Philip Fayer, Nuvei Chair and CEO, commented on the announcement: "Securing a Payment Institution license in Brazil has been a top priority, and will mark another significant milestone in our global expansion strategy. The proposed transaction not only strengthens our presence in LATAM but also demonstrates our commitment to providing fully localized and modern payment solutions to businesses in Brazil. We're excited to offer our full suite of services to help drive growth for the rapidly-growing eCommerce and iGaming operators in this dynamic market."
In 2024, Nuvei already signaled its commitment to growth in LATAM through its announcement that it was the first global payments company to offer direct local acquiring in Colombia. In addition to securing its impending Payment Institution license in Brazil, Nuvei is also currently implementing a local acquiring service in Mexico, leading to the fulfilment of processing requirements to become a direct acquirer under the Comisión Nacional Bancaria y de Valores (CNBV). Further strategic expansion in LATAM is scheduled to follow.
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
Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "Forward-looking information") within the meaning of applicable securities laws. This Forward-looking information is identified by the use of terms and phrases such as "may", "would", "should", "could", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "believe", or "continue", the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Particularly, statements regarding the obtaining of the Payment Institution license and the anticipated impacts thereof are forward-looking information. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Forward-looking information is based on management's beliefs and assumptions and on information currently available to management and involves known and unknown risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those that are disclosed in or implied by such Forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail under the heading "Risk Factors" in the Company's annual information form filed on March 5, 2024, and under the heading "Risk Factors" in the Company's management's discussion and analysis for the three months ended March 31, 2024.
MONTREAL, July 24, 2024 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announced it will release its second quarter 2024 results after market close on August 6, 2024.
On April 1, 2024, Nuvei announced that it entered into a definitive arrangement agreement to be taken private by Advent International, alongside existing Canadian shareholders Philip Fayer, Novacap, and CDPQ for US$34.00 per share via an all cash transaction, which values the Company at an enterprise value of approximately US$6.3 billion. In light of the announced transaction, Nuvei will not host a conference call or webcast to review the second quarter 2024 financial results.
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.
MONTREAL and LONDON – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today a partnership with Mastercard to launch a new off-ramping solution that enables consumers in Europe to seamlessly convert their Digital Assets, including cryptocurrencies, into traditional fiat currency via debit, credit and prepaid cards. This new functionality provides a bridge between digital and traditional finance that can be spent via Mastercard's global network. This off-ramping solution is integrated directly into Nuvei's modular payment platform, delivering a simple, secure user experience.
The off-ramping process is designed to be rapid and user-friendly. Consumers can seamlessly convert a wide range of supported Digital Assets into fiat currency. They can then transfer the funds to their eligible Mastercard in near real-time*, leveraging Mastercard Move’s money movement capabilities. No longer requiring third-party exchanges or money service businesses, this integrated solution simplifies transforming digital value into global spending circulation.
“We're excited to collaborate with Mastercard to accommodate access liquidity and payments for Digital Asset holders,” commented Philip Fayer, Chair and CEO of Nuvei. “Our mission is to enable businesses and their customers to connect through payments, wherever consumers are and however they want to pay. Offering crypto off-ramps through our single integration aligns perfectly with this mission to facilitate frictionless transactions across the digital economy.”
“Enabling choice how consumers can engage in Digital Assets in a safe, simple and secure manner in line with all relevant regulation is at the heart of our strategy in this space” added Christian Rau, Senior Vice President, Fintech and Crypto Enablement, Mastercard Europe. “Combining our global network of partners and digital solutions with Nuvei's advanced integration opens new opportunities and choice for businesses engaging in digital assets and consumers alike.”
Nuvei's off-ramp solution with Mastercard is the latest example of its strategy to connect the worlds of traditional payments, open banking and blockchain technology into one seamless experience.
*Actual posting times for approved transactions will depend on the receiving financial institution
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.
MONTREAL, June25 2024 – Nuvei Corporation ("Nuvei" orthe "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announced that it has secured an in-principle approval for a Retail Services Category II License from the Central Bank of the UAE, representing an important strategic expansion into the United Arab Emirates (UAE) and fortifying its global presence and commitment to the Middle East and North Africa (MENA) region.
The UAE is a crucial market for Nuvei's global customers due to its rapidly growing eCommerce sector, which is projected to surpass $10 billion in revenue by 2029 with an annual growth rate (CAGR 2024-2029) of approximately 9%[1].
The Retail Services Category II License enables Nuvei to offer its comprehensive suite of payments technology to businesses operating in the thriving UAE market, including direct local acquiring, payment aggregation services, and domestic and cross-border fund transfers. Through direct local acquiring, Nuvei gains greater control over the payment life cycle, ensuring further optimized payment acceptance rates and lower processing costs for its customers.
Nuvei already has a strong commercial presence and existing high-profile partnerships in the region. This expansion across the MENA region reaffirms Nuvei's commitment to supporting its customers' growth both locally and internationally.
Philip Fayer, Nuvei's Chair and CEO, commented on the announcement: “Our mission is to connect our customers to their customers more deeply through payments, wherever those customers are and however they want to pay. Expanding our global licenses portfolio has been a key focus in this regard, and we can now offer the full power of our payment platform to support the growth aspirations of businesses operating in the UAE.”
Fayer added: “We extend our gratitude to the Central Bank of the UAE for its in-principle approval of our Retail Payment Services License and facilitating this opportunity. We’re thrilled to be on the cusp of launching our best-in-class services, including direct local acquiring, in such a fast-growing digital eCommerce market.”
This announcement is the latest from Nuvei as it continues to strengthen its global reach, including extending its local acquiring capabilities in more than 50 countries.In 2024 Nuvei has already announced that it had secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, and that it is the first global payments company to offer local direct acquiring in Colombia.
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.
MONTREAL, June 20, 2024 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI)(TSX: NVEI), the Canadian fintech company, announced today that the Company has obtained a final order from the Superior Court of Québec (Commercial Division) approving the previously-announced plan of arrangement under section 192 of the Canada Business Corporations Act (the "Arrangement") involving the Company and Neon Maple Purchaser Inc., a newly-formed entity controlled by Advent International, L.P. This final court approval follows the shareholder approval that was obtained at the special meeting of Nuvei’s shareholders held on Tuesday, June 18, 2024.
The Arrangement remains subject to the satisfaction or waiver of certain other closing conditions customary in a transaction of this nature, including the receipt of key regulatory approvals. Assuming that these remaining conditions to closing are satisfied, the Arrangement is expected to be completed in late 2024 or in the first quarter of 2025.
Further details regarding the Arrangement are provided in the management information circular of the Company dated May 13, 2024, mailed to Nuvei shareholders in connection with the Arrangement, a copy of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
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.
Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "Forward-looking information") within the meaning of applicable securities laws. This forward-looking information is identified by the use of terms and phrases such as "may", "would", "should", "could", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "believe", or "continue", the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Particularly, statements regarding the Arrangement, including the proposed timing and various steps contemplated in respect of the Arrangement are forward-looking information.
In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances.
Forward-looking information is based on management's beliefs and assumptions and on information currently available to management, and although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, investors are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information.
Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail under the heading "Risk Factors" in the Company's annual information form filed on March 5, 2024, and under the heading "Risk Factors" in the Company's management's discussion and analysis for the three months ended March 31, 2024. These risks and uncertainties further include (but are not limited to) as concerns the Arrangement, the failure of the parties to obtain the necessary regulatory approvals or to otherwise satisfy the conditions to the completion of the Arrangement, failure of the parties to obtain such approvals or satisfy such conditions in a timely manner, significant transaction costs or unknown liabilities, failure to realize the expected benefits of the Arrangement, and general economic conditions. Failure to obtain the necessary regulatory approvals, or the failure of the parties to otherwise satisfy the conditions to the completion of the Arrangement or to complete the Arrangement, may result in the Arrangement not being completed on the proposed terms, or at all. In addition, if the Arrangement is not completed, and the Company continues as a publicly-traded entity, there are risks that the announcement of the Arrangement and the dedication of substantial resources of the Company to the completion of the Arrangement could have an impact on its business and strategic relationships (including with future and prospective employees, customers, suppliers and partners), operating results and activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects. Furthermore, in certain circumstances, the Company may be required to pay a termination fee pursuant to the terms of the Arrangement Agreement which could have a material adverse effect on its financial position and results of operations and its ability to fund growth prospects and current operations.
Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein represents our expectations as of the date hereof or as of the date it is otherwise stated to be made, as applicable, and is subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Montréal, June 18, 2024 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI)(TSX: NVEI), the Canadian fintech company, is pleased to announce that, at the special meeting (the “Meeting”) of the Company’s shareholders (the “Shareholders”) held on June 18, 2024, Shareholders approved the special resolution (the “Arrangement Resolution”) approving the previously-announced plan of arrangement under section 192 of the Canada Business Corporations Act (the "Arrangement") involving the Company and Neon Maple Purchaser Inc. (the “Purchaser”), a newly-formed entity controlled by Advent International, L.P. Pursuant to the Arrangement, the Purchaser will acquire all of the issued and outstanding subordinate voting shares ("Subordinate Voting Shares") and multiple voting shares ("Multiple Voting Shares" and collectively with the Subordinate Voting Shares, the "Shares") of the Company. The Shares that are not held by Philip Fayer, certain investment funds managed by Novacap Management Inc. (collectively, "Novacap") and Caisse de dépôt et placement du Québec ("CDPQ" and, collectively with Philip Fayer and Novacap and the entities they control directly or indirectly, the "Rollover Shareholders") will be acquired for a price of US$34.00 in cash per Share.
Each of the Rollover Shareholders has agreed to sell all of their Shares to the Purchaser in exchange for consideration consisting of a combination of cash and shares in the capital of the Purchaser or an affiliate thereof. Following completion of the Arrangement, Philip Fayer, Novacap and CDPQ are expected to hold or exercise control or direction over, directly or indirectly, approximately 24%, 18% and 12%, respectively, of the common equity in the resulting private company.
Further details regarding the Arrangement are provided in the management information circular of the Company dated May 13, 2024 (the "Circular") mailed to Nuvei shareholders in connection with the Arrangement, a copy of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
The Arrangement Resolution was adopted on a vote by way of ballot by (i) at least two-thirds of the votes cast by the holders of Multiple Voting Shares and Subordinate Voting Shares virtually present or represented by proxy at the Meeting, voting together as a single class (with each Subordinate Voting Share being entitled to one vote and each Multiple Voting Share being entitled to ten votes); (ii) not less than a simple majority (more than 50%) of the votes cast by the holders of Subordinate Voting Shares virtually present or represented by proxy at the Meeting; (iii) not less than a simple majority of the votes cast by the holders of Multiple Voting Shares virtually present or represented by proxy at the Meeting; and (iv) not less than a simple majority of the votes cast by the holders of Subordinate Voting Shares virtually present or represented by proxy at the Meeting (excluding the Subordinate Voting Shares held by the Rollover Shareholders and the persons required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”)). In its interim order dated May 13, 2024, the Superior Court of Québec (Commercial Division) (the “Court”) declared that the vote of not less than a simple majority of the votes cast by the holders of Multiple Voting Shares virtually present or represented by proxy at the Meeting (excluding the Multiple Voting Shares held by the Rollover Shareholders and the persons required to be excluded pursuant to MI 61-101), which is required under MI 61-101, was satisfied as there are no holders of Multiple Voting Shares eligible to cast a vote thereunder, as all holders of Multiple Voting Shares are “interested parties” within the meaning of MI 61-101 and must be excluded from such vote.
Based on proxies and ballots received at the Meeting, votes were cast as follows:
Category of Voting: Holders of Subordinate Voting Shares and Multiple Voting Shares, voting together as a single class
Percentages of Votes For: 99.24%
Percentages of Votes Against: 0.76%
Category of Voting: Holders of Subordinate Voting Shares
Percentages of Votes For: 86.08%
Percentages of Votes Against: 13.92%
Category of Voting: Holders of Multiple Voting Shares
Percentages of Votes For: 100%
Percentages of Votes Against: 0%
Category of Voting: Holders of Subordinate Voting Shares, excluding the Rollover Shareholders and those required to be excluded under MI 61-101
Percentages of Votes For: 86.04%
Percentages of Votes Against: 13.96%
The Arrangement remains subject to the satisfaction or waiver of certain other closing conditions customary in a transaction of this nature, including the receipt of a final order from the Court approving the Arrangement (the “Final Order”) and certain regulatory approvals. The hearing in respect of the Final Order is scheduled to take place on June 20, 2024. Assuming that these remaining conditions to closing are satisfied, the Arrangement is expected to be completed in late 2024 or the first quarter of 2025.
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.
Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "Forward-looking information") within the meaning of applicable securities laws. This forward-looking information is identified by the use of terms and phrases such as "may", "would", "should", "could", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "believe", or "continue", the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Particularly, statements regarding the proposed transaction, including the proposed timing and various steps contemplated in respect of the transaction are forward-looking information.
In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances.
Forward-looking information is based on management's beliefs and assumptions and on information currently available to management, and although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, investors are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information.
Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail under the heading "Risk Factors" in the Company's annual information form filed on March 5, 2024 and under the heading "Risk Factors" in the Company's management's discussion and analysis for the three months ended March 31, 2024. These risks and uncertainties further include (but are not limited to) as concerns the transaction, the failure of the parties to obtain the necessary regulatory and court approvals or to otherwise satisfy the conditions to the completion of the transaction, failure of the parties to obtain such approvals or satisfy such conditions in a timely manner, significant transaction costs or unknown liabilities, failure to realize the expected benefits of the transaction, and general economic conditions. Failure to obtain the necessary regulatory and court approvals, or the failure of the parties to otherwise satisfy the conditions to the completion of the transaction or to complete the transaction, may result in the transaction not being completed on the proposed terms, or at all. In addition, if the transaction is not completed, and the Company continues as a publicly-traded entity, there are risks that the announcement of the proposed transaction and the dedication of substantial resources of the Company to the completion of the transaction could have an impact on its business and strategic relationships (including with future and prospective employees, customers, suppliers and partners), operating results and activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects. Furthermore, in certain circumstances, the Company may be required to pay a termination fee pursuant to the terms of the Arrangement Agreement which could have a material adverse effect on its financial position and results of operations and its ability to fund growth prospects and current operations.
Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein represents our expectations as of the date hereof or as of the date it is otherwise stated to be made, as applicable, and is subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
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 and Colombia
Enhanced flexibility for both end-users and transportation agencies
CARROLLTON, TX and MONTREAL, June 11 2024 – ViaPlus, a subsidiary of VINCI Highways, and Nuvei Corporation (“Nuvei”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announce a partnership to deliver an enhanced payment experience for consumers when purchasing mobility services.
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: Brazil’s Pix, Peru’s Pago Efectivo, and Colombia’s Nequi. ViaPlus will also include China’s Alipay, one of the world’s most popular digital wallets.
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.
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.
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.
Shareholders are encouraged to vote "FOR" the specialresolution approving the Arrangement in advance of the June 14, 2024 at 10:00a.m. (Eastern time) deadline
MONTREAL, June 11 2024 – Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), today announced that proxy advisory firm Glass, Lewis & Co. (“Glass Lewis”) has recommended that Nuvei shareholders vote FOR the previously announced statutory plan of arrangement (the “Arrangement”) involving the Company and Neon Maple Purchaser Inc. (the “Purchaser”), a newly-formed entity controlled by Advent International ("Advent"), pursuant to the provisions of the Canada Business Corporations Act. Pursuant to the Arrangement, the Purchaser will acquire all the issued and outstanding subordinate voting shares (“Subordinate Voting Shares”) and multiple voting shares (“Multiple Voting Shares”) of the Company (collectively, the “Shares”) that are not Rollover Shares for a price of US$34.00 cash per Share. The special meeting of shareholders (the “Meeting”) to approve the Arrangement will be held on June 18, 2024 at 10:00 a.m. (Eastern time), in a virtual format at the following link: https://web.lumiagm.com/432819058.
Glass Lewis is the second leading independent proxy advisory firm to recommend shareholders vote “FOR” the Arrangement, following the previously announced recommendation from Institutional Shareholder Services (“ISS”).
Board Recommends Shareholders Vote FOR the Arrangement
The board of directors of the Company (the “Board”) has unanimously concluded (with interested directors abstaining from voting) that the Arrangement is in the best interests of the Company and its shareholders and recommends that shareholders vote FOR the special resolution approving the Arrangement (the “Arrangement Resolution”). This recommendation followed the unanimous recommendation of a special committee of the Board which is comprised solely of independent directors and was formed in connection with the transaction.
The Company's management proxy circular and the Schedule 13E-3 required pursuant to the Rules under the U.S. Securities and Exchange Act of 1934, as amended, are available under Nuvei's profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
Vote Today FOR the Arrangement Resolution
Your vote is important regardless of the number of Shares you own. If you are unable to be virtually present at the Meeting, we encourage you to submit your proxy or voting instruction form, so that your Shares can be voted at the Meeting in accordance with your instructions. To be counted at the Meeting, votes must be received by Nuvei’s transfer agent, TSX Trust Company, no later than 10:00 a.m. (Eastern time) on June 14, 2024, or, if the Meeting is adjourned or postponed, at least 48 hours (excluding Saturdays and holidays) prior to the commencement of the reconvened Meeting.
Shareholder Questions and Assistance
If you have any questions or require more information with respect to the procedures for voting, please contact our strategic advisor, Kingsdale Advisors by telephone at 1 (888) 327-0819 (toll-free in North America) or at (416) 623-4173 (outside of North America), or by email at contactus@kingsdaleadvisors.com. For more information, please visit www.NuveiPOA.com.
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.
Forward-Looking Information
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "Forward-looking information") within the meaning of applicable securities laws. This forward-looking information is identified by the use of terms and phrases such as "may", "would", "should", "could", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "believe", or "continue", the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Particularly, statements regarding the proposed transaction, including the proposed timing and various steps contemplated in respect of the transaction and statements regarding the plans, objectives, and intentions of Mr. Philip Fayer, Novacap, CDPQ or Advent are forward-looking information.
In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances.
Forward-looking information is based on management's beliefs and assumptions and on information currently available to management, and although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, investors are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information.
Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail under the heading "Risk Factors" in the Company's annual information form filed on March 5, 2024 and under the heading “Risk Factors” in the Company’s management’s discussion and analysis for the three months ended March 31, 2024. These risks and uncertainties further include (but are not limited to) as concerns the transaction, the failure of the parties to obtain the necessary shareholder, regulatory and court approvals or to otherwise satisfy the conditions to the completion of the transaction, failure of the parties to obtain such approvals or satisfy such conditions in a timely manner, significant transaction costs or unknown liabilities, failure to realize the expected benefits of the transaction, and general economic conditions. Failure to obtain the necessary shareholder, regulatory and court approvals, or the failure of the parties to otherwise satisfy the conditions to the completion of the transaction or to complete the transaction, may result in the transaction not being completed on the proposed terms, or at all. In addition, if the transaction is not completed, and the Company continues as a publicly-traded entity, there are risks that the announcement of the proposed transaction and the dedication of substantial resources of the Company to the completion of the transaction could have an impact on its business and strategic relationships (including with future and prospective employees, customers, suppliers and partners), operating results and activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects. Furthermore, in certain circumstances, the Company may be required to pay a termination fee pursuant to the terms of the Arrangement Agreement which could have a material adverse effect on its financial position and results of operations and its ability to fund growth prospects and current operations.
Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein represents our expectations as of the date hereof or as of the date it is otherwise stated to be made, as applicable, and is subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
[1] Philip Fayer, certaininvestment funds managed by Novacap Management Inc. (collectively,"Novacap") and CDPQ (together with entities they control directly orindirectly, collectively, the "Rollover Shareholders") have agreed toroll approximately 95%, 65% and 75%, respectively, of their Shares (the"Rollover Shares") and are expected to receive in aggregateapproximately US$563 million in cash for the Shares sold on closing(percentages and amount of expected cash proceeds are subject to change as aresult of cash generated before closing).
MONTREAL, June 7 2024 – Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), announced today that it has filed a second amendment to its previously filed Rule 13e-3 transaction statement on Schedule 13E-3 (the "Schedule 13E-3") originally filed with the U.S. Securities and Exchange Commission (“SEC”) on May 14, 2024, as supplemented by an amendment previously filed by the Company with the SEC on June 4, 2024. Both amendments to the Schedule 13E-3 are available without charge on Nuvei's profile on EDGAR at www.sec.gov, and on its SEDAR+ profile at www.sedarplus.ca.
No changes have been made to the terms or conditions of the previously announced going private transaction with Advent International (the “Transaction”), or the date of the special meeting of shareholders of Nuvei called to approve the Transaction. Shareholders are encouraged to vote “FOR” the special resolution approving the Transaction in advance of the June 14, 2024 at 10:00 a.m. (Eastern time) deadline.
No Offer of Solicitation
This announcement is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell Subordinate Voting Shares of Nuvei.
The full details of the Transaction are described in the management information circular (including the related letter of transmittal and all other offer documents filed by Nuvei with the SEC), which is available without charge on the SEC’s website at www.sec.gov or on Nuvei's investor relations website at investors.nuvei.com. Offer documents required to be filed in Canada are also available without charge at www.sedarplus.ca. INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE SCHEDULE 13E-3 AND OTHER MATERIALS FILED WITH THE SEC, AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE CORPORATION, THE TRANSACTION, AND RELATED MATTERS.
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.
Forward-Looking Information
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "Forward-looking information") within the meaning of applicable securities laws. This forward-looking information is identified by the use of terms and phrases such as "may", "would", "should", "could", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "believe", or "continue", the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Particularly, statements regarding the proposed transaction, including the proposed timing and various steps contemplated in respect of the transaction, are forward-looking information.
In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances.
Forward-looking information is based on management's beliefs and assumptions and on information currently available to management, and although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, investors are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information.
Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail under "Risk Factors" of the Company's annual information form filed on March 5, 2024. These risks and uncertainties further include (but are not limited to) as concerns the transaction, the failure of the parties to obtain the necessary shareholder, regulatory and court approvals or to otherwise satisfy the conditions to the completion of the transaction, failure of the parties to obtain such approvals or satisfy such conditions in a timely manner, significant transaction costs or unknown liabilities, failure to realize the expected benefits of the transaction, and general economic conditions. Failure to obtain the necessary shareholder, regulatory and court approvals, or the failure of the parties to otherwise satisfy the conditions to the completion of the transaction or to complete the transaction, may result in the transaction not being completed on the proposed terms, or at all. In addition, if the transaction is not completed, and the Company continues as a publicly-traded entity, there are risks that the announcement of the proposed transaction and the dedication of substantial resources of the Company to the completion of the transaction could have an impact on its business and strategic relationships (including with future and prospective employees, customers, suppliers and partners), operating results and activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects. Furthermore, in certain circumstances, the Company may be required to pay a termination fee pursuant to the terms of the arrangement agreement entered into in connection with the Transaction which could have a material adverse effect on its financial position and results of operations and its ability to fund growth prospects and current operations.
Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein represents our expectations as of the date hereof or as of the date it is otherwise stated to be made, as applicable, and is subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
MONTREAL, June 3 2024 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that it has partnered with Visa, a world leader in digital payments, to offer Visa Direct in Colombia. Nuvei is the first global payments provider to offer Visa Direct to its customers in the country.
Visa Direct is a VisaNet processing capability that allows safe, convenient, near real-time funds delivery directly to financial accounts using card credentials. Visa Direct clients use the capability to enable use cases such as person-to-person (P2P) payments, funds disbursements, bill pay, or cross border remittances directly to an eligible debit or prepaid card.
Visa Direct is available to Colombian merchants directly through their existing single integration to Nuvei's full stack modular payments technology platform. With Visa Direct, Nuvei merchants are able to provide instant payout capabilities to their customers, with transactions routed and processed in near real-time.
Instant payouts to cards enable businesses to offer a faster, secure, and seamless payment experience for customers across virtually any industry that is reliant on payouts.
“Offering instant payouts through Visa Direct supports our strategy of providing best-in-class payment solutions tailored to the needs of each market we serve,” commented Philip Fayer, Nuvei's Chair and CEO. “Colombia is one of the fastest-growing eCommerce markets in Latin America, and we're proud to deliver innovative ways for our customers to optimize their payment flows, enhance user experiences, and operate with maximum efficiency."
Partnering with Visa to offer Visa Direct continues Nuvei's first-mover advantage in rolling out industry-leading payments solutions in Colombia. Nuvei recently announced that it was the first global payments provider to offer direct local acquiring in the country, enabling online businesses to accept card payments from their customers without relying on intermediaries or third-party payment processors.
Visa Direct is already available to Nuvei's partner merchants in over 30 countries in Europe including the UK, as well as the U.S. and Canada in North America and Hong Kong and Singapore in APAC. Enabling Visa Direct access to businesses in Colombia is the latest extension of the global strategic partnership between Nuvei and Visa.
“Our collaboration with Nuvei is already enabling businesses in North America and Europe to harness the benefits of faster, safer, digital payouts to cards. We’re excited to be extending this partnership to Colombia so that even more merchants can offer an industry leading payments experience to their customers”, commented Humberto Guihur, Product and Innovation VP for Visa Andean Region.
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.
Shareholders are encouraged to vote “FOR” the special resolution approving the Arrangement in advance of the June 14, 2024 at 10:00 a.m. (Eastern time) deadline
MONTREAL, May 29, 2024 – Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), today announced that proxy advisory firm Institutional Shareholder Services (“ISS”) has recommended that Nuvei shareholders vote FOR the previously announced statutory plan of arrangement (the “Arrangement”) involving the Company and Neon Maple Purchaser Inc. (the “Purchaser”), a newly-formed entity controlled by Advent International ("Advent"), pursuant to the provisions of the Canada Business Corporations Act. Pursuant to the Arrangement, the Purchaser will acquire all the issued and outstanding subordinate voting shares (“Subordinate Voting Shares”) and multiple voting shares (“Multiple Voting Shares”) of the Company (collectively, the “Shares”) that are not Rollover Shares for a price of US$34.00 cash per Share. The special meeting of shareholders (the “Meeting”) to approve the Arrangement will be held on June 18, 2024 at 10:00 a.m. (Eastern time), in a virtual format at the following link: https://web.lumiagm.com/432819058.
In making its recommendation that Nuvei shareholders vote FOR the Arrangement, ISS stated:
“[T]he offer represents a meaningful premium to the unaffected price, the sale process (and valuation) appears reasonable in the circumstances, and there are downside risks of non-approval. As such, support for the proposal is warranted.”
“At present, while the company remains a growing business with some promise, there is little available evidence that management will be able to restore the company's share price to levels seen two or three years ago in short order. Given the size of the premium and share price outperformance since the unaffected date, shareholders should probably not anticipate a sustained soft landing if the deal is rejected. On balance, in light of the foregoing considerations, shareholder support is warranted.”
The board of directors of the Company (the “Board”) has unanimously concluded (with interested directors abstaining from voting) that the Arrangement is in the best interests of the Company and its shareholders and recommends that shareholders vote FOR the special resolution approving the Arrangement. This recommendation follows the unanimous recommendation of a special committee of the Board which is comprised solely of independent directors and was formed in connection with the transaction (the "Special Committee").
The Company’s management proxy circular and the Schedule 13E-3 required pursuant to the Rules under the U.S. Securities and Exchange Act of 1934, as amended, are available under Nuvei's profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
Vote Today FOR the Special Resolution Approving the Arrangement
Your vote is important regardless of the number of Shares you own. If you are unable to be virtually present at the Meeting, we encourage you to submit your proxy or voting instruction form, so that your Shares can be voted at the Meeting in accordance with your instructions. To be counted at the Meeting, votes must be received by Nuvei’s transfer agent, TSX Trust Company, no later than 10:00 a.m. (Eastern time) on June 14, 2024, or, if the Meeting is adjourned or postponed, at least 48 hours (excluding Saturdays and holidays) prior to the commencement of the reconvened Meeting.
Shareholder Questions and Assistance
If you have any questions or require more information with respect to the procedures for voting, please contact our strategic advisor, Kingsdale Advisors, by telephone at 1 (888) 327-0819 (toll-free in North America) or at (416) 623-4173 (outside of North America), or by email at contactus@kingsdaleadvisors.com. For more information, please visit www.NuveiPOA.com.
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.
Forward-Looking Information
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "Forward-looking information") within the meaning of applicable securities laws. This forward-looking information is identified by the use of terms and phrases such as "may", "would", "should", "could", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "believe", or "continue", the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Particularly, statements regarding the proposed transaction, including the proposed timing and various steps contemplated in respect of the transaction and statements regarding the plans, objectives, and intentions of Mr. Philip Fayer, Novacap, CDPQ or Advent are forward-looking information.
In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances.
Forward-looking information is based on management's beliefs and assumptions and on information currently available to management, and although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, investors are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information.
Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail under "Risk Factors" of the Company's annual information form filed on March 5, 2024 and under “Risk Factors” of the Company’s management’s discussion & analysis for the three months ended March 31, 2024. These risks and uncertainties further include (but are not limited to) as concerns the transaction, the failure of the parties to obtain the necessary shareholder, regulatory and court approvals or to otherwise satisfy the conditions to the completion of the transaction, failure of the parties to obtain such approvals or satisfy such conditions in a timely manner, significant transaction costs or unknown liabilities, failure to realize the expected benefits of the transaction, and general economic conditions. Failure to obtain the necessary shareholder, regulatory and court approvals, or the failure of the parties to otherwise satisfy the conditions to the completion of the transaction or to complete the transaction, may result in the transaction not being completed on the proposed terms, or at all. In addition, if the transaction is not completed, and the Company continues as a publicly-traded entity, there are risks that the announcement of the proposed transaction and the dedication of substantial resources of the Company to the completion of the transaction could have an impact on its business and strategic relationships (including with future and prospective employees, customers, suppliers and partners), operating results and activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects. Furthermore, in certain circumstances, the Company may be required to pay a termination fee pursuant to the terms of the Arrangement Agreement which could have a material adverse effect on its financial position and results of operations and its ability to fund growth prospects and current operations.
Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein represents our expectations as of the date hereof or as of the date it is otherwise stated to be made, as applicable, and is subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Philip Fayer, certain investment funds managed by Novacap Management Inc. (collectively, "Novacap") and CDPQ (together with entities they control directly or indirectly, collectively, the "Rollover Shareholders") have agreed to roll approximately 95%, 65% and 75%, respectively, of their Shares (the "Rollover Shares") and are expected to receive in aggregate approximately US$563 million in cash for the Shares sold on closing (percentages and amount of expected cash proceeds are based on current assumed cash position and are subject to change as a result of cash generated before closing). Philip Fayer, Novacap and CDPQ are expected to indirectly own or control approximately 24%, 18% and 12%, respectively, of the equity in the resulting private company.
MONTREAL, May 23 2024 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today the appointment of Gang Wang as Chief Technology Officer, reporting to Nuvei Chair and CEO Philip Fayer. Wang will lead Nuvei’s global technology team together with former CTO Max Attias, who has been appointed to the new role of Chief Information Officer.
The teams under Wang’s and Attias’ leadership will partner to further scale Nuvei’s technology offering and build a strong foundation for future growth. This organizational structure will enable Nuvei to accelerate innovation across all areas of technology with dedicated focus and strategic alignment, while still maintaining the best-in-class service delivery that customers and partners are accustomed to receiving today.
Wang is a proven groundbreaker and leader with deep knowledge of the payments and software sectors, the intersection of which is increasingly critical for the industry. He will spearhead Nuvei’s technology strategy, including research and architecture.
He brings over 25 years of experience leading technology teams at the cutting edge of innovation for large organizations, including a decade developing leading architecture and systems for software giant Intuit. Before joining Nuvei, Wang spent the past four years at Stripe, where he occupied a number of senior-level technology roles including Head of Financial Data and, most recently, Head of Payment Methods.
Wang commented on the announcement: “I’m incredibly excited to be joining such a disruptive industry leader at a key point in its growth journey. There is already a strong spirit for rapid innovation permeating throughout the business, and I am looking forward to leveraging my experience to capitalize on this momentum, advancing our technology strategy, and keeping Nuvei at the forefront as the payments industry evolves.”
Attias added: “Adding Gang’s technological expertise and leadership acumen to the Nuvei team is a game-changing moment. I am looking forward to working together as we grow our technology capabilities and organization in line with our vision for the future of payments.”
“We’re thrilled to be welcoming Gang to the Nuvei team,” commented Nuvei Chair and CEO Philip Fayer. “Bringing in a leader with Gang’s credentials strengthens our executive team and will undoubtedly enable the broader technology team to thrive as we address the complexities of our industry with even more dedicated focus.”
Fayer continued: “Under Max’s leadership, our total payments volume grew nearly 5x from 2020 to 2023. With Max and Gang, we now have two world class operators poised to take Nuvei's technology capabilities to new heights and further accelerate our global revenue growth during the next phase of our journey. We are also creating a more effective and efficient structure for our team members.”
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.
A long working relationship with Nuvei paid off during the pandemic for the Cedar Hill, Texas Municipal Court. To mitigate the spread of the coronavirus and increase convenience for defendants, the court pivoted to virtual dockets and encouraged citizens to resolve warrants and citations online. Under its partnership with Nuvei, all of the Cedar Hill court’s online payments are processed quickly and efficiently through Nuvei. Even though court operations are resuming in person, the court is keen to maintain the convenience of online payments.
The challenge
Cedar Hill, a city of about 45,000 approximately 16 miles southwest of Dallas, requires an efficient way to process payments for warrants and citations when citizens cannot make those transactions in person at the courthouse. Convenience and cost-effectiveness also are important, because the court chooses not to pass along surcharges to citizens for services such as credit card payments.
The results
Nuvei provided a comprehensive remote payments solution in which defendants can make their payments online or by phone, 24 hours a day, seven days a week—without incurring additional charges for card processing. A text notification system through Nuvei, initiated by the Cedar Hill Municipal Court, lets defendants know they have a payment due and reminds them of court dates. For certain dockets, failure to appear can result in additional court fees, which are automatically billed. The municipal court benefits from faster resolution of outstanding warrants and citations, quicker receipt of payments owed, and near-immediate notification when citizens make their payments.
We don’t know where we’d be without Nuvei. We love working with them and we love the convenience they offer.
— Bobbie Spence, Court Administrator, Cedar Hill Municipal Court