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Canada bank transfer
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Nuvei
nuvei.com/solutions/
canada-bank-transfer
Unlock seamless financial transactions with Interac and Instant Bank Transfer. Enjoy rapid, secure payments anytime, anywhere.
Simplify, accelerate, and secure your payments with the power of Canada Bank Transfer
Enjoy effortless and rapid transactions online or via phone, with instant payment options for quick fund movement. With robust security and customizable fraud prevention, our reliable solutions offer comprehensive, transparent reporting for your convenience.
Simple, flexible online bank payments
Supercharge your business by easily integrating Interac into your payment system. Experience lightning-fast payments through direct account-to-account transfers.
Join forces with the robust interbank network of Canadian financial institutions, processing billions of transactions annually.
- A fast and secure way to transfer money between private and business accounts
- Interac solutions seamlessly power transactions across the nation's leading financial institutions and are universally accepted at over half a million locations
- Move funds quickly with faster and instant payment options
- Cost-effective alternative to credit cards
- Unify features through a single integration
Your ultimate instant bank transfer solution
Discover Instant Bank Transfer (IBT), your ultimate solution for secure and seamless payment verification in Canada.
IBT streamlines deposit and withdrawal processes while ensuring top-notch identity verification. Trust in IBT's cutting-edge risk management technology to safeguard your transactions and provide a hassle-free experience.
- Boost conversion with a fast, secure mobile experience
- Seamless user experience with Xpress 1-click payments
- Easy and fast deposits for ultimate convenience
- Enjoy higher transaction limits, up to $100,000
- Cutting-edge risk management for enhanced security
Frictionless flows and instant payments
Customers and businesses can make and receive payments instantly, in a matter of seconds.
Benefit from enhanced conversion rates, an improved user path offering a smooth, and mobile-centric customer journey.
- Instant payments for customers and businesses in seconds
- Enhanced conversion rates with a smooth mobile user journey
- Lower payment processing costs by bypassing card network charges
UK bank transfer
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Nuvei
nuvei.com/solutions/
uk-bank-transfer
Unlock seamless financial transactions with Faster Payments and Pay with Bank Transfer. Enjoy rapid, secure payments anytime, anywhere.
Simplify, accelerate, and secure your payments with the power of UK Bank Transfer
Enjoy effortless and rapid transactions online or via phone, with instant payment options for quick fund movement. With robust security and customizable fraud prevention, our reliable solutions offer comprehensive, transparent reporting for your convenience.
Simple, flexible online bank payments
Experience instant money transfers, bypass card network limitations, and harness the power of trusted banking connections.
Save time and money with processing through the Faster Payments network while offering a reliable and affordable alternative to credit cards.
- Swift and secure transactions between UK bank accounts
- 24/7 accessibility for uninterrupted financial transactions
- Real-time money transfers for a delay-free payment experience
- Enjoy the convenience of a generous £1,000,000 per transaction limit
- Cost-effective alternative to credit cards
- Unify features through a single integration
Secure, direct bank payments for effortless transactions
Enjoy secure, hassle-free payments directly from your bank account with Pay with Bank transfer, powered by American Express but accessible to all.
- Boost conversion with a fast, secure mobile experience
- Enhanced security with bank authentication, no shared payment details
- Broadly accepted, not limited to AMEX, for UK bank users
- Low-cost, simple fee structure with easy reconciliation
Frictionless flows and instant payments
Customers and businesses can make and receive payments instantly, in a matter of seconds.
Benefit from enhanced conversion rates, an improved user path offering a smooth, and mobile-centric customer journey.
- Instant payments for customers and businesses in seconds
- Enhanced conversion rates with a smooth mobile user journey
- Lower payment processing costs by bypassing card network charges
EU bank transfer
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Nuvei
nuvei.com/solutions/
eu-bank-transfer
Unlock seamless financial transactions with SEPA and SEPA Instant Credit Transfer. Enjoy rapid, secure payments anytime, anywhere.
Simplify, accelerate, and secure your payments with EU Bank Transfer
Enjoy effortless and rapid transactions online or via phone, with instant payment options for quick fund movement. With robust security and customizable fraud prevention, our reliable solutions offer comprehensive, transparent reporting for your convenience.
Fast, reliable online bank payments
SEPA (Single Euro Payments Area) transforms E.U. cashless transactions, offering rapid euro transfers, 24/7, and near-instant processing for all participants.
With a single integration, supercharge your operations, fulfill orders faster, and boost cash flow with lightning-fast, real-time payments. Providing customers with unparalleled convenience, no matter where they are.
- Instant payments are the closest substitute to cash: the transfer of money is immediate
- 24/7/365 accessibility for uninterrupted financial transactions
- Real-time money transfers for a delay-free payment experience
- Reduce payment processing costs by cutting out fees from card schemes
- Enjoy higher transaction limits, up to €100,000
Bypass card network limits for maximum payment flexibility
Customers and businesses can make and receive payments in a matter of seconds using their trusted bank relationships.
Enhanced conversion rates, an improved user path offering a smooth, mobile-centric customer journey. Decreased payment processing expenses by eliminating charges associated with card networks.
- Consumers and merchants can pay and get paid instantly, within seconds
- Higher conversion rates, a better user journey providing a seamless, customer experience
- Reduce payment processing costs by cutting out fees from card schemes
- Customer authentication and zero chargeback guarantee
Safeguard your business with highly secure bank transfers
Protect your customers' data and prevent fraud. Say goodbye to chargebacks with our guaranteed solution.
- Consumers and merchants can pay and get paid instantly, within seconds
- Chargeback guarantee solution available
- Conveniently access comprehensive, consolidated reporting
U.S. bank transfer
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Nuvei
nuvei.com/solutions/
us-bank-transfer
Discover Nuvei's U.S. Bank Transfer services for seamless, rapid, and secure payments. Leverage ACH, RTP, and FedNow networks for flexible money transfers.
Simplify, accelerate, and secure your payments with U.S. Bank Transfer
Enjoy effortless transactions, instant payment options, and transparent reporting. Protect your business with our Assured Funds guarantee.
Simple, flexible ACH payments
Empower your customers with a cost-effective, convenient payment solution. Debit funds directly from bank accounts for single or repeat transactions.
Save time and money with processing via Automated Clearing House (ACH), Real-time Payments (RTP®), and FedNow.
- Simplify payments for clients with a seamless checkout
- Streamline banking information entry - no physical card is needed
- Secure digital enrollment for swift, authenticated payments
- Process one-time or recurring transactions effortlessly
- Economical alternative to credit and debit cards
Protection for your business, guaranteed
Mitigate payment risks effectively with Nuvei's Assured Funds, an insurance solution designed to protect businesses from potential losses caused by unauthorized, returned payments.
Assured Essential
Ensures protection against unpaid transactions and fraud. We assume the risk and handle collections, letting you focus on business.
Assured Complete
Guarantees funds on all returns, including unauthorized returns. Rapid merchant funding accelerates settlement and payment.
Instantly validate accounts for secure, timely payments
Prevent fraud and reduce returns with smart approval logic. We offer three validation levels for your unique business needs.
Basic
Enhanced security, real-time validation, and commercially reasonable bank account validation.
Enhanced
Powerful add-on that offers a deeper level of validation and greater fraud prevention.
Premier
Reduces administrative and NSF returns by providing the latest status of customer bank accounts.
Process paper checks electronically
Check 21+ is a cutting-edge payment solution that allows merchants to process paper checks electronically.
With this innovative technology, merchants can say goodbye to time-consuming trips to the bank and hello to faster, safer processing.
- Enjoy higher checks limits and fewer limitations
- Avoid ACH restrictions
- Eliminate risk with guaranteed protection
- Accept checks in person, by mail, or at a drop box location
- Retrieve payments quickly with electronic deposits
Issuing
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Nuvei
nuvei.com/solutions/
issuing
Discover Nuvei's seamless issuing payment solutions, including customizable physical and virtual cards, unified acquiring and issuing, and data-driven insights.
Small changes, significant impact
Just like a finely tuned race car, every marginal improvement in your payment processes can lead to big growth. Maximize your approval rates and revenue with Nuvei's issuing solution.
Turbocharge your brand
Elevate your brand with Nuvei’s customizable physical cards.
Put your brand in your customers’ wallets and give them ability to pay with your card for their day-to-day expenses.
- Tailor cards and wallets to reflect your brand's identity, including logo and colors
- Enable seamless and secure transactions across online, in-store, and in-app purchases
- Create a consistent and convenient customer experience for repeat customers
Accelerate your transactions with virtual cards
Streamline vendor payments swiftly and cost-effectively with Nuvei’s virtual card.
Combine card issuing with acquiring and settlement accounts, all on one platform.
- Easily generate single-use or multi-use virtual cards tailored to your needs, providing flexibility and control
- Effortlessly manage single or batch card formats to scale your operations efficiently
- Utilize our APIs for full automation and seamless integration of your card-issuing processes
- Empower consumer and business payments with our versatile virtual cards
Race ahead of the competition
Optimize your cash flow with the precision of a pit crew, supporting your business to lap the competition.
Unlike other card issuers, Nuvei’s unified payments platform bridges your acquiring and card issuing, ensuring funds flow seamlessly across your business without any delays.
- Experience effortless fund transfers between acquiring and issuing operations
- Optimize your cash flow and reduce operational friction
- Accelerate your payment processes with a streamlined, all-in-one solution
Fuel your growth with precision
Maximize your revenue and make informed business decisions with Nuvei's data-driven insights.
Nuvei’s powerful reporting technology allows you to see holistic payments data and detailed transaction information—all on a single platform.
- Take advantage of shared interchange opportunities to boost your revenue.
- Gain valuable, actionable insights from your issuing and acquiring operations to make informed business decisions
- Navigate complex data to act upon critical business insights
Gain the winning edge with industry-specific payment solutions
Propel your business to the front of the pack with Nuvei's custom tailored payments.
Our issuing solution enables you to benefit from simpler, faster customer payouts, innovative accounts payable features, and streamlined B2B travel.
- Disburse funds, such as winnings, to white-labeled physical or virtual cards, enhancing loyalty and engagement
- Enable online travel agents to generate virtual cards for paying airlines and hotels, simplifying transactions
- Generate virtual cards to pay suppliers, simplifying complex payment ecosystems and reducing fraud
Analytics dashboard
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Nuvei
nuvei.com/solutions/
analytics-dashboard
Drive smarter decisions with Nuvei's Analytics Dashboard. Access holistic payment data and detailed transaction insights on a single platform for improved business outcomes.
One platform. Actionable analytics
Integrate with our global data hub to maximize potential revenue. Automate data and report distribution to optimize your transactions.
Transparent data on demand
Access your payment activities and manage your merchant account data across all channels. Deep-dive into analytics, including traffic optimization, leading to higher approval rates and revenues
Real-time reports, processing comparisons, and case management all help identify opportunities to increase revenue and reduce lost sales.
- Unparalleled transparency in your payments data
- Turn large volumes of complex data into clear, actionable insights
- Unified, dynamic reporting for all your transaction activity
- Approve and block fraudulent transactions through our enhanced verification flow
- Automatically schedule reports for export
Say no to lost revenue
Convert more payment transactions through data-driven rules and innovative routing powered by advanced analytics.
Run reports and optimize payments from one central dashboard.
- Set custom rules for payment methods to present upon declines
- Maximize conversion for hosted check out
- Leverage Nuvei’s agnostic connectivity with multiple acquirers, banks and payment providers
- Reduced revenue leakage
We grow and scale with your business
Designed to scale with your business, Nuvei’s Control Panel is ideal for accommodating growth and evolving requirements without loss of performance.
With robust security built in, rest assured sensitive business and customer data is protected.
- Effortlessly adapts to business growth and expansion
- Supports increasing data volumes and user demands without performance loss
- Strong security protocols to protect business and customer data
- Robust user access controls to prevent unauthorized data access
Create better customer journeys
Smooth our your customer journey with intelligent exemption selections.
Our proprietary and powerful engine identifies the exemption types most likely to gain approval, ensuring a hassle-free experience for your customers.
- Customizable control for your specific business use cases
- Optimal risk management to ensure customer satisfaction
- Universal compatibility, designed to be acquirer agnostic
Uniting consulting and technology
Increase revenue, plus save time and money by automating your data streams. Get more control over fees, deposits, withdrawals, account balances and chargebacks.
Plus, get timely, meaningful information that allows you to stay ahead of the competition. For wherever business takes you next.
- Unparalleled transparency into your payments data
- Real-time merchant transaction information across all channels
- Increased engagement with client segments that drive higher revenue
- Easy-to-navigate, dashboard or deep-dive analytics
Real-time payments
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Nuvei
nuvei.com/solutions/
real-time-payments
Boost your business with Nuvei's real-time payments. Experience seamless, instant transaction processing to enhance cash flow and stay compliant with secure payment solutions.
Elevate your business offering with faster, more secure pay-ins and payouts
Enjoy quick, effortless transactions online or by phone, backed by our customizable fraud prevention and assured funds guarantee. Benefit from clear, detailed reporting for complete transparency.
Lightning-fast funds without delay
Why wait? Experience lightning-fast fund transfers with our instant payment solutions. Streamline your financial operations with ease and speed and delight your customers.
- Move funds quickly with faster and instant payment solutions
- Instantly validate accounts and ensure timely, effective payments
- Added flexibility to meet your fast-paced business needs
- Setup can be done quickly and easily to ensure rapid compliance
- Full integration support so that you can rest easy
Leverage real-time global payments
Harness the power of instant, real-time payments with our global network of providers. Our expansive reach offers unparalleled bank and country coverage, keeping you at the forefront of the financial world.
Boost your revenue and provide exceptional convenience to customers worldwide, facilitating growth at the speed of now.
- Bank Transfers: Real-time Payments (RTP®) and FedNow in the US, SEPA Instant in the EU, Faster Payments and Amex’s Pay with Bank Transfer in the UK, plus Interac® Instant for Canadian transactions
- Visa Direct & Mastercard Send: offering instant payment capabilities with secure money transfers, across various global banks and payment networks
- EWallets: including PayPal, Neteller, Skrill, Pay4Fun, EcoPayz, Much Better, and more for virtually instant payments and minimal processing fees
Provide a seamless customer checkout experience
Embrace a world where intricate transaction processes are replaced by a streamlined, intuitive experience.
This shift promises not only higher conversion rates but also reduced processing costs, and a fortified security environment.
- Efficient and secure, balancing protection and ease of use
- Integrated simplicity, to make every checkout seamless
- Extensive network access connects you to a wide array of banks and financial institutions
- Frictionless bank login and payment process for faster transactions
- Fast and dependable, transfer funds with remarkable speed and reliability
Bank transfers
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Nuvei
nuvei.com/solutions/
bank-transfers
Experience cost-efficient, reliable, and fast bank transfers with Nuvei. Streamline your payment processing, elevate customer satisfaction, and boost conversion rates globally.
Gain a competitive edge with faster payments and settlement, flexibility and security
Meet the fast-paced needs of your organization with our rapid and instant payment options that pave the way for growth. Our Open Banking Technology and vast global partnerships offer a competitive edge. Every major market and network, all through a single integration.
Provide a seamless customer experience
Our bank transfer solutions give your customers the advantage of paying with their banking information, all within your regular checkout experience.
Say goodbye to confusing transaction flows and hello to higher conversion rates, lower processing costs, and enhanced security.
- Simple, secure and flexible solution
- Single integration into your checkout experience
- Access to the major banks and financial institutions
- Frictionless, seamless bank login and payment
- Funds transfer is quick and reliable
Enhance consumer choice and convenience
Our bank transfer solutions are designed with your customers' preferences in mind, offering them a broader range of payment options that cater to their diverse needs.
This not only simplifies transactions but also broadens your appeal to a wider audience, including those who prefer not to use credit cards or seek alternatives to traditional payment methods.
- Enable customer bank choice at checkout
- No additional sign-ups to deter purchases
- Real-time options for faster payments
- Guaranteed and non-guaranteed models
- Support for all major customer banks
Secure your payments with unmatched protection
Step into a realm of unparalleled security with our zero chargeback solutions, designed to safeguard your business against fraud while securing your customers' sensitive data.
Our guaranteed solution assures that once a payment is made, it cannot be reversed by the payer. Unlike credit card payments which can be disputed by the cardholder, we make chargebacks a thing of the past.
- Peace of mind built into every transaction
- Historical checks and intelligent approval system minimizes potential returns
- Customizable security measures for fraud prevention tailored to your needs
- Comprehensive, consolidated reporting, crafted for your ease
Reduce customer costs to increase profits and loyalty
Offer your customers a seamless payment experience while enjoying the benefits of lower processing fees compared to traditional credit card transactions.
This cost-effective solution not only makes payments more affordable but also enhances operational efficiency, allowing you to invest more in growing your business.
- Lower per-transaction processing fees
- Minimal chargeback fees and risks
- Reduced interchange and network fees
- Direct bank-to-bank transaction savings
- Quicker access to your revenue
Unlock growth with our global banking network
Get unmatched country and bank coverage with our extensive network of global providers. Stay ahead of the curve and expand your revenue streams. Delight your customers with unparalleled convenience no matter where they are.
U.S. Bank Transfer
Automated Clearing House (ACH), Real-time Payments (RTP®), FedNow
EU Bank Transfer
SEPA, SEPA Instant
UK Bank Transfer
Faster Payments, Pay with Bank Transfer
Canada Bank Transfer
Interac®
Reconciliation management
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Nuvei
nuvei.com/solutions/
reconciliation-management
Streamline your financial processes with Nuvei's Reconciliation Management. Automate and manage payment reconciliation effortlessly for improved accuracy and efficiency.
Automated and streamlined
With a streamlined process, everything is faster, more accurate and less expensive to manage.
Automated and streamlined transaction management
Automatically match and reconcile your payments across multiple service providers and data sources. We can connect, integrate and monitor any new method.
With a streamlined process, everything is faster, more accurate and less expensive to manage.
- Save revenue that would otherwise be lost to mismatches, reconciliation errors and incorrect fees
- Get a clear overview of your finances and ensure that your revenue is exactly where it should be
- All credit cards and over 700 alternative payment methods are supported
Totally managed solution to save time and money
Nuvei Reconciliation Manager+ takes care of the entire process all the way from implementation to updates, and reporting.
Save more time, reduce customer support tickets, spot technical issues and save more money.
- Set up taken care of by a dedicated Account Manager
- Eliminate complexity and bookkeeping errors
- Recover lost revenue easier than ever
- Control processing fees across providers
Payment orchestration
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Nuvei
nuvei.com/solutions/
payment-orchestration
Master your payment operations with Nuvei's Payment Orchestration. Streamline and manage complex payment flows with our comprehensive tools for maximum control and insight.
Achieve best-in-class performance through one dashboard
Control and manage the entire payment process for optimal performance, sales and revenue.
Simple-to-use orchestration hub
Optimize and control your payment experience through the Control Panel of the Payment Orchestration hub.
Manage settings that can boost acceptance rates, increase security and reduce declines or capture more revenue.
- Configure, manage and personalize routing parameters
- Manage online exemptions to maximize authorizations and optimize approval rates
- Set limits and manage authentication to increase conversions and eliminate fraud
- Set custom rules fueled with business insights to ensure maximum conversions
- Risk analysis allows for strategic adjustments and personalization to stop chargebacks
Maximize acceptance rates
Boost your transaction approval and authorization rates by managing online exemption submissions.
More detailed data points mean more authorizations, better security, and a personalized, seamless experience for your customers.
- Descope PSD2 compliance
- Prevent fraud
- Manage risk
Rescue revenue from declined transactions
Convert more payments by avoiding declined transactions. From one dashboard, you can set and manage data-driven rules.
Advanced analytics power innovative transaction routing.
- Set custom rules based on your business insights for when payments are declined
- Maximize conversion for hosted check out
- Control and reporting from one central dashboard
Multi-faceted protection
Nuvei chargeback management tools can prevent and eliminate potential chargebacks before they happen - and mitigate the damage of those that do.
- Dynamic 3D Secure
- 3DS exemption management
- Verifi Order Insight (Visa)
- Verifi Rapid Dispute Resolution (Visa)
- Ethoca (Mastercard)
- Chargeback representment service
Understandable and actionable data
Keep on top of business performance with a crystal-clear view of your payments data across all channels.
- Totally transparent view and dynamic reporting of your payments data
- Spot actional insights amongst large volumes of complex data
- Understandable analytics, including traffic optimization for higher approval rates and revenues
- Block fraudulent transactions with enhanced verification flow
Live your best business life
Sometimes all you need is a nudge in the right direction. Business Coach is there to highlight when you could be achieving higher sales or customer engagement.
Business Coach offers actionable tips and key business metrics to help grow your business.
- Accelerate engagement with client segments that drive higher revenue
- Analyze your performance from a single dashboard that showcases your reviews and social media ratings
- React quickly to social media reviews by receiving instant alerts
- Turn new clients into repeat visitors
Crypto & digital assets
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Nuvei
nuvei.com/solutions/
crypto-digital-assets
Streamline your Web3 business with Nuvei's painless fiat-crypto conversion. Partner with us for seamless blockchain payment technologies and infrastructure to drive your crypto success.
Your route to mainstream success
Offering an unmatched range of services, we empower hundreds of partners to enable millions of people to buy billions of dollars in digital assets. We are the leading payment partner of over 450 leading exchanges, wallets, brokers, coins, NFT platforms and blockchain games.
A turnkey crypto experience
Nuvei's fiat on-ramp and off-ramp provides a smooth experience for converting between fiat and cryptocurrencies. Accessible to both those with no blockchain experience and on-chain gaming experts through a single API.
Join hundreds of global businesses and discover the power of fiat-crypto conversion on demand delivered by fully licensed, publicly listed provider.
- Enables Web2-style onboarding for Web3
- Wide payment options globally and locally
- 350+ partners: exchanges, wallets, brokers, and coins
- 3.5+ million end users, $4B+ in processed payments
- 100+ fiat currencies and 200+ cryptocurrencies
- Issuer of co-branded Visa for unified crypto transactions
Experience the power of stablecoin payments
Stablecoins are becoming a true alternative form of payment to offer to merchants on top of more traditional payment methods.
We enable real-time stablecoin transactions, easy conversion between fiat and stablecoins, and comprehensive settlement services tailored to meet your needs.
- Supports all stablecoins, including merchant-minted ones
- Nuvei connects to USDC on 14 blockchains
- Stablecoins bring stability to remittances
- 24/7 stablecoin settlements across blockchains
- Stablecoins lower costs, improve supply chain cash flow
- On-chain settlements reduce business operational costs
Take your blockchain project mainstream
One partnership for all your crypto business needs. Enable your blockchain assets for seamless onramps with 100+ fiat currencies, globally.
- Support for multiple blockchains and tokens adds flexibility
- Easy coin/token purchases with 100+ fiat currencies
- Grow your brand equity with our large partner network of leading exchanges, wallets and platforms
- Expand into new markets with global payment coverage
Easy and secure crypto payments
Accelerate transactions and enhance data accuracy, plus boost customer loyalty through our innovative crypto payment options. Experience the confidence of partnering with a provider that goes beyond fraud prevention to offer full-scale payment processing support.
Cryptocurrency payments broaden market access and lower costs by eliminating intermediaries, offering global reach with minimal transaction fees.
- Access new markets and facilitate global financial access
- Guaranteed zero fraud and no risk of chargebacks
- Reduce costs and simplify management compared with card payments
- Increase transaction speed and reduce security risks
- Boosts customer loyalty and trust through safe payments
- Instant access to funds with crypto, no middlemen
The future of paying for digital entertainment
Crypto is transforming gaming, offering significant advantages. Larger transaction limits, quicker payouts, and enhanced security minimize the need to share banking information.
With lower fees and global fund access, cryptocurrencies offer convenience and signals innovation. Additionally, players can receive bonuses as incentives for using crypto, enriching their gaming experience.
- Near real-time crypto transactions improve cash flow
- Crypto operations have less overhead
- Nominal blockchain fees vs. card fees
- Enhanced security with less data liability
- Growing customer demand for crypto support
- Access to new, unbanked legal markets
Empowering your journey into Web 3.0 and the Metaverse
Nuvei leads the move to Web 3.0, making your blockchain and Metaverse projects successful. With top partnerships and tools, we help you stand out.
Our approach gives users full control over their digital assets and privacy, boosting confidence in digital exploration.
- Multiple integration options
- Highly customizable UI and dynamic UX
- Supports several blockchain protocols: Ethereum, Polkadot, or Binance Smart Chain
- Smooth UX overcomes Web3 barriers like high fees and slow transactions
- Tailors experiences to user preferences
- Enhanced security, transparency and less central authority
Banking services
|
Nuvei
nuvei.com/solutions/
banking-services
Elevate the buying experience with Nuvei's embedded financial services. Discover seamless integration today and transform your revenue streams.
Exceed expectations and grow stickiness
Keep customers within your ecosystem by adding financial services into your payment mix. Offer bank deposits and payouts, as well as cards and financing. Make it easier for customers to buy more, more often.
Fast, reliable and secure digital banking
Expand your global reach and optimize transactions with Nuvei Business Accounts. Deliver real-time funds access, lower fees, and seamless integration to enhance efficiency and financial control.
Streamline your financial operations with Nuvei as your single partner for acquiring, issuing, and banking services.
- Multi-currency accounts with European IBANs for EUR, GBP, and over 20 other currencies
- Instantly receive funds for faster working capital, and efficiently manage settlements with potentially lower costs
- Secure customer funds with dedicated solutions for VASPs and financial firms
- Flexible pay-ins and payouts via SEPA, SWIFT, open banking, and blockchain-based BMM processing
Turbo-charge your brand
Elevate your brand and streamline payments with Nuvei’s customizable physical and virtual cards, offering seamless and secure transactions across all channels.
We take care of all the back-office complications including card scheme approval, global regulatory compliance, technical setup and card manufacturing.
- Tailor physical and virtual cards to promote your brand identity
- Easily manage single-use or multi-use cards through one platform
- Automate secure transactions for online, in-store, and in-app purchases
- Manage vendor payments and scale operations cost-effectively with flexible card formats
Finance your business goals: no bank required
Your business moves fast. Make sure your financing can, too.
Access funds quickly to achieve your goals and seize more opportunities. No banks or red tape involved.
- Up to $1 million per business location
- Receive funds in under a week upon approval
- Pre-qualify in just 3 minutes
- No collateral required
- Flexible repayment options
Maximize revenue with consumer credit options
Grow your business with industry-leading buy now, pay later options. Get paid upfront while offering customers flexible payment terms.
Make it easier for your customers to get what they need right now. Best of all, it's integrated seamlessly into the checkout experience.
- Offer flexible installment plans for your customers
- Give consumers the freedom to pay at their own pace
- Increase customer conversions by offering more payment options
Chargeback resolution
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Nuvei
nuvei.com/solutions/
chargeback-resolution
Mitigate chargeback risks with Nuvei's effective resolution services. Streamline dispute processes, reduce fraudulent claims, and protect your revenue with our advanced tools.
Protection every step of the way
Prevent the majority of would-be chargebacks before they materialize. Transactions are protected with pre-chargeback mitigation, smart fraud-screening, alerts and communications.
Detect, control, and mitigate chargebacks
Reduce the costs of disputes and chargebacks with Nuvei Chargeback Resolve. Every chargeback actioned is centralized and managed through Nuvei’s Control Panel. The whole process maximizes transparency and efficiency.
- Prevention - alerts and enhanced communication minimizes unnecessary disputes
- Reduce operational costs - management chargebacks through one centralized dashboard
- Preserve your reputation - avoid chargeback monitoring programs and additional fees associated with a high-risk label
Additional tools from Visa & Mastercard
Control disputes or chargebacks quickly and easily with integrated solutions from Visa and Mastercard.
- Verifi Order Insight® (Visa) - respond to customer disputes in real-time by providing information between the customer and merchant
- Verifi Rapid Dispute Resolution® (Visa) - avoid chargebacks by issuing refunds and charging Nuvei directly with no clearing process
- Ethoca® (Mastercard) - gives merchants 24 hours to review, respond and action chargebacks
Currency management
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Nuvei
nuvei.com/solutions/
currency-management
Facilitate global commerce with Nuvei's Currency Management. Simplify FX transactions, enhance payment flexibility, and offer customers native currency options for improved satisfaction.
Make the world your local marketplace
Whether your customers want to do business with you online or in-store, we make it easier to do business with and encourage return visits.
Price your goods and services in the world’s most popular currencies
According to Insider Intelligence’s Global eCommerce report, 92% of customers prefer to buy from sites that price items in their local currency.
Make buying simple and frictionless for customers while receiving settlement and reporting in your domestic currency.
- Expand your business into new territories
- Enhance existing customer relationships
- Zero investment or infrastructure changes
Earn additional revenue from FX markup and attract more international customers
By offering customers pricing in their domestic currency, you can make card purchasing transparent and trustworthy while earning a percentage commission.
- Attract more international customers
- Protect cardholders against currency fluctuations
- Available both online and in-store
Fraud & risk management
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Nuvei
nuvei.com/solutions/
fraud-risk-management
Protect your business with Nuvei's Fraud & Risk Management solutions. Minimize threats and secure data while maintaining a smooth customer experience.
Protecting your business is critical
From advanced fraud detection to industrial grade tokenization and KYC, Nuvei protects you and your customers.
Reduce payment fraud and chargebacks with Nuvei Shields Up
Transaction data is our greatest weapon in the fight against fraud. Crush false positives with a powerful set of customizable tools without compromising customer experience.
- Set 200+ unique rules for your industry and market
- Increase conversion rates and reduce fraud with Smart 3DS Routing
- Automated decisioning using IP geo location and AVS / CVV rules
- Chargeback dispute tool for efficient case creation and management
- Smart Routing and Dynamic Descriptor to minimize potential chargebacks
Encrypt and access customer data for secure, frictionless payments
Replacing sensitive data with a secure token means faster and more secure payments that can help create a better customer experience.
Through a combination of our agnostic and network tokenization features, we offer one of the most flexible and complete solutions in the market.
- Encrypt and store customer payment information to make the checkout experience secure and frictionless
- Tokens are dynamically updated to deliver higher authorization rates, simplified fraud management, and an improved customer experience
- Payment methods are updated in real-time so cardholder credentials stay current even if a physical card is locked due to fraud
- Provides a better customer experience with fewer false declines due to outdated information
Ensure your security and compliance
We recognize the need for the highest security available to protect you and your customers. In compliance with PCI Data Security Standards, we have met and surpassed all requirements set forth as a Level 1 Service Provider.
Our technology and expert staff can help you reduce risk, chargebacks and simplify PCI DSS compliance.
- Mitigate threats before they become an issue
- Reduce effort and cost for Payment Card Industry (PCI) compliance
- Access solutions to descope your PCI DSS requirements
Authorization optimization
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Nuvei
nuvei.com/solutions/
authorization-optimization
oost your transaction approval rates with Nuvei's Authorization Optimization. Benefit from advanced analytics and tailored strategies to enhance payment success and revenue.
Marginal gains can lead to big growth
Just like driving a finely tuned race car, every small improvement made adds up to significant gains. Maximize approval rates and revenue with features designed to guide every payment from checkout to completion.
Enhance checkouts to optimize conversions
Discover the future of optimized commerce with our AI-powered intelligent authorization solutions.
Fire up your revenue engine by boosting authorization success rates through our pre-transaction optimization tools.
- Single-click purchases to streamline transactions
- Boost approvals with smart retry technology
- Advanced rules to enrich and augment transaction messages
- Enhanced Network Tokens
Optimize transaction flows for higher approvals
Direct transactions intelligently to different banks. Increase sales and conversion rates by improving the chance of successful payment.
Generate more revenue and higher approvals by enabling virtually limitless routing possibilities. Every major payment service and gateway is supported.
- 3DS Routing
- Exemptions 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
Nuvei Strengthens Integration with XDC Network by Supporting New Browser Extension Wallet XDCPay
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Nuvei
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nuvei-strengthens-integration-with-xdc-network-by-supporting-new-browser-extension-wallet-xdcpay
XDCPay users will now be able to purchase XDC with Visa, Mastercard and Apple Pay, using over 100 various local currencies
XDCPay users will now be able to purchase XDC with Visa, Mastercard and Apple Pay, using over 100 various local currencies
MONTREAL, March 22, 2022 – Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), announces today it has strengthened its integration with XDC Network, the global open-source Hybrid Blockchain platform, via its integration with XDC Foundation’s Web3 browser extension wallet, XDCPay. Through the Simplex by Nuvei solution, XDCPay users will now be able to purchase XDC with Visa, Mastercard and Apple Pay, using over 100 various local currencies.
The XDCPay browser extension wallet grants easy access to Web3 and the world of decentralized finance, including XDC Network’s own decentralized apps (Dapps), to developers & XDC users. Dapps are difficult to access and use, but this plugin, which can be installed on a Google browser, is bringing the decentralized web to the mass market.
Simplex by Nuvei initially launched with XDC Network in July of 2021, enabling XDC to be purchased across its partner network of wallets and exchanges, and providing industry leading security on every transaction. This latest integration with XDC Network’s new browser plugin will streamline the onramp process further, allowing users to buy XDC within the XDCPay wallet, while circumventing lengthy checkouts from external onramp providers and XDC transfers from third-party wallets.
Matthew Weisenthal, Director of Technology at XDC Foundation commented: “Over the past year XDC Network has seen exceptional growth, both in terms of smart contracts deployed and decentralized applications built on the network. XDCPay is a Web3 access point for our diverse, growing ecosystem. With this integration, Simplex by Nuvei becomes another highly accessible resource for our community.”
“Our support of XDC Foundation’s new wallet, XDCPay, is an important milestone in democratizing access to decentralized finance and allowing easy entry into the XDC Ecosystem to developers, traders and content creators,” said Nuvei Chair and CEO Philip Fayer.
XDC Network is a hybrid blockchain platform that is built to modernize the global trade and finance sector through an accessible, efficient, and highly versatile decentralized trade infrastructure. The strengthening of the Nuvei-XDC integration will now enable seamless interactions with decentralized apps for millions of users.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates.
Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 46 markets. With support for more than 530 local and alternative payment methods including cryptocurrencies, and nearly 150 currencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
About XDC Foundation
XDC Foundation is a not-for-profit entity formed to support the growth, development and adoption of the XDC Network by collaborating with an informed and active community of developers, world trade experts, and content creators. All XDC Foundation efforts are designed to support those who utilize XDC’s blockchain technology to more efficiently store and exchange data, assets, and ideas. For more information about the XDC Foundation, please visit https://www.xdc.org
Contact:
Nuvei Promotes Yuval Ziv To President
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Nuvei
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nuvei-promotes-yuval-ziv-to-president
Broader Leadership Team Appointments Position Nuvei for Continued Success and Global Expansion
Broader Leadership Team Appointments Position Nuvei for Continued Success and Global Expansion
MONTREAL, February 17, 2022 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), today announced senior leadership team enhancements that further position the global payment technology partner of thriving brands to deliver on its next phase of growth.
The appointments see Yuval Ziv, the Company’s Managing Director, Digital Payments, promoted to President in a newly-created global role, Praful Morar, the Company’s Chief Strategy Officer in Digital Payments, appointed Global Expansion Officer and Netanel Kabala appointed Chief Data and Analytics Officer. In addition, Mark Pyke, President, North America, will retire at the end of March. His role will not be replaced.
As President, Ziv will lead worldwide product, sales, marketing, client engagement and artificial intelligence-led capabilities. He has been with the Nuvei group of companies for the past 15 years driving payments technology development across multiple industries. While at SafeCharge, acquired by Nuvei in 2019, he served as Group Chief Commercial Officer and Group Chief Operational Officer following a number of risk and compliance, and business development roles.
Morar is relocating from London, United Kingdom, to Singapore in his new role as Global Expansion Officer. He will be responsible for driving Nuvei’s international growth in target markets across Asia Pacific, the Middle East and North Africa.
Kabala was a co-founder of Israeli fintech startup Simplex, which Nuvei acquired in September 2021. In his new global role, he will spearhead Nuvei’s data and analytics, risk scoring and modelling as the Company continues to grow data-led services through its leading-edge technology while responding to the evolving real-time payment needs of businesses and merchants around the world.
“I am delighted to welcome Yuval, Praful and Netanel into their new roles, which align with our long-term business strategy and pave the way for an exciting future for our company, our employees, partners and businesses we serve,” said Philip Fayer, Nuvei’s Chair and CEO.
“Their appointments strengthen our senior management team and support our momentum as we focus on powering commerce for a global customer base and accelerating our product innovation with a focus on high-growth verticals in fast-growing markets. I would also like to thank Mark personally and on behalf of Nuvei for his service, and wish him all the best in his retirement,” stated Fayer.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates.
Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Scout Gaming Chooses Nuvei as Payment Provider for US Expansion
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Nuvei
nuvei.com/posts/
scout-gaming-chooses-nuvei-as-payment-provider-for-us-expansion
Nuvei will power online payments for Scout Gaming’s US-based daily fantasy sports offering, FanTeam
Nuvei will power online payments for Scout Gaming’s US-based daily fantasy sports offering, FanTeam
MONTREAL and LAS VEGAS, March 3, 2022 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, announces today that it has partnered with Scout Gaming, the world’s leading provider of B2B fantasy sports and sports betting products.
Nuvei will support Scout Gaming’s expansion into the US market with an array of online payment options available on their consumer-facing daily fantasy sports app, FanTeam.
Through one integration, FanTeam will have access to more than 500 innovative payment methods in more than 200 markets as well as Nuvei’s industry-leading payment processing services in the US including card processing, account-to-account transfers, and instant payments for deposits and payouts. By offering payments through Nuvei, FanTeam will benefit from better customer retention, increased acceptance rates, and broad market awareness.
“Providing the best payment experience is at the heart of what Nuvei does,” said Philip Fayer, Chair and CEO of Nuvei. “We are excited to support Scout Gaming to grow their player-base as they expand into the US through a best-in-class user experience.”
“As one of the leading daily fantasy sports providers, we are constantly looking for diverse payment solutions for our players,” said Andreas Ternström, CEO at Scout Gaming Group. “Through Nuvei’s innovative payment technology, we can continue to provide the best-in-class daily fantasy sports experience for our consumers.”
Collaborating with Scout Gaming will further solidify Nuvei as the leading payments partner for the fantasy sports and sports betting industries. As the industry grows rapidly more and more operators, including US sportsbooks, are relying on Nuvei’s technology and rich global heritage in regulated gaming to support them to maximize their revenues.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates.
Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 46 markets. With support for more than 530 local and alternative payment methods including cryptocurrencies, and nearly 150 currencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
About Scout Gaming
Scout Gaming Group is a multiple award-winning licensed and regulated premium provider of B2B Fantasy Sports & Sportsbetting. The company offers a flexible and customizable sports entertainment platform with the core pillar being the network-based Fantasy Sports solution (SGN) and a fully-managed Sportsbook capable of being tailored to market needs, whether real money Fantasy Sports, odds-based sports wagering or Free2Play. Technology and operations are 100% proprietary, having developed from the ground up and operated in-house, – allowing for virtually any sport, league, or game format to be offered. The company has achieved several industry-first’s such as the world’s largest globally pooled DFS network (SGN), Fantasy Matchups, Bet-on-my-team, Player Odds and the world’s first natively integrated DFS and Sportsbook solution – all via one single integration. The Group has 100+ employees and is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway, and Lviv, Ukraine and Malta. Scout Gaming is listed on the Nasdaq First North Growth Market and the Certified Adviser is Redeye AB.
Contact:
Certifiedadviser@redeye.se
+46 (0)8 121 576 90
Nuvei Donates to Youth Development Now in Latest Social Responsibility Initiative
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Nuvei
nuvei.com/posts/
nuvei-donates-to-youth-development-now-in-latest-social-responsibility-initiative
YDN is a non-profit leadership foundation created to provide educational and athletic events to boys and girls from all circumstances
YDN is a non-profit leadership foundation created to provide educational and athletic events to boys and girls from all circumstances
MONTREAL, Feb. 15, 2022 - Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, has today announced that, in association with its partner SMB Global and its client SOLE Fitness, it has made a donation to North American non-profit leadership foundation, Youth Development Now (YDN). Its aim is to impact youth using athletics as a vehicle for change, growth, and success.
YDN is a non-profit leadership foundation created to provide educational and athletic events to boys and girls from all circumstances. The foundation brings together organized sports leagues, camps, and clinics with specific and innovative performance resources to arm young people with the right life skills to help prevent future physical health or mental health issues.
The sizeable donation to YDN is part of Nuvei’s Corporate Social Responsibility (CSR) program in 2022.
“We’re proud to support a cause like Youth Development Now,” explains Philip Fayer, Chair and CEO of Nuvei. “Through the power of sport, the foundation is improving youth mental and physical health, and prioritizing life skills to help young people reach their potential. At Nuvei, supporting others is core to our company ethos so this is a cause that’s close to my heart.”
Nuvei’s donation to YDN is part of the Company’s wider CSR initiatives to support partners, charities and foundations that help others grow. Nuvei is helping to empower people from all backgrounds, improving wellbeing and mental health.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
About SOLE Fitness
SOLE has been providing exercise equipment to North America for decades and is the fastest growing fitness brand in the U.S. and Canada for the last five years and counting. The company continues to expand its presence throughout the globe through its collection of high-quality treadmills, ellipticals, and exercise bikes. The well-thought-out design of SOLE’s products makes any fitness center complete, regardless of whether that’s in a home basement or a local community facility. SOLE maintains a best-in-class warranty program as part of the company’s commitment to quality and service for customers everywhere. For more information, visit www.soletreadmills.com.
Contact:
Public Relations
PR@nuvei.com
Investor Relations
IR@nuvei.com
Nuvei to Host Capital Markets Day on March 28, 2022
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Nuvei
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nuvei-to-host-capital-markets-day-on-march-28-2022
Management will provide insights and an update on the Company’s business, solutions and market opportunities, with time for questions
Management will provide insights and an update on the Company’s business, solutions and market opportunities, with time for questions
MONTREAL, February 2, 2022 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, today announced it will host its inaugural Capital Markets Day in New York, on Monday, March 28, 2022.
Management will provide insights and an update on the Company’s business, solutions and market opportunities, with time for questions. Presentations are scheduled to start at 10:00 AM Eastern Time and conclude at approximately 2:00 PM Eastern Time. Registration is required to attend the event in person and will be limited (and subject to change) due to COVID-19 protocols.
All are invited to listen to an online presentation which will be available on the Company’s investor relations website at https://investors.nuvei.com under the “Events & Presentations” section.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com
Contact:
Investor Relations
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
Nuvei to Announce Fourth Quarter and Fiscal Year 2021 Results on March 8, 2022
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Nuvei
nuvei.com/posts/
nuvei-to-announce-fourth-quarter-and-fiscal-year-2021-results-on-march-8-2022
Management will host a conference call and webcast to discuss these results at 8:30 am ET that same day
Management will host a conference call and webcast to discuss these results at 8:30 am ET that same day
MONTREAL, February 1, 2022 – Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, today announced it will release its financial results for the three months and year ended December 31, 2021 before market open on Tuesday, March 8, 2022. The Company also expects to provide its Financial Outlook for the three months ending March 31, 2022 and the year ending December 31, 2022.
Management will host a conference call and webcast to discuss these results at 8:30 am ET that same day. Hosting the call will be Philip Fayer, Chair and CEO, and David Schwartz, CFO.
The conference call will be webcast live from the Company’s investor relations website at https://investors.nuvei.com under the “Events & Presentations” section. A replay will be available on the investor relations website following the call.
The conference call can also be accessed live over the phone by dialing 877-425-9470 (US/Canada toll-free), or 201-389-0878 (international). A replay will be available one hour after the call and can be accessed by dialing 844-512-2921 (US/Canada toll-free), or 412-317-6671 (international); the conference ID is 13726674. The replay will be available through Tuesday, March 22, 2022.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com
Contact:
Investor Relations
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
THG adds Nuvei as Global Payments Provider
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Nuvei
nuvei.com/posts/
thg-adds-nuvei-as-global-payments-provider
Nuvei will power online payments for all THG’s leading brands including Cult Beauty, Lookfantastic, Myprotein, Glossybox, Coggles and AllSole
Nuvei will power online payments for all THG’s leading brands including Cult Beauty, Lookfantastic, Myprotein, Glossybox, Coggles and AllSole
MONTREAL and LONDON, February 2, 2022 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, announces today that it has gone live as a payment provider with THG plc, the global technology platform company specialising in taking brands direct to consumers.
The addition of Nuvei to help power payments covers all of THG’s leading brands including Cult Beauty, Lookfantastic, Myprotein, Glossybox, Coggles and AllSole.
THG is utilizing Nuvei’s recurring billing service that allows secure, automated re-purchasing via tokenization.
“We’re delighted to partner with THG,” said Philip Fayer, Chair and CEO of Nuvei. “With a shared ethos of exceptional experience, innovation and service, we’re empowering online brands to operate in more countries and accept more forms of regionally familiar and preferred digital payment methods to drive conversion.”
Nuvei’s advanced payment platform offers online payments in more than 200 markets and over 500 alternative payment methods through one integration.
“Nuvei’s platform will further enhance the experience we create for our customers by expanding the range of payment options available to them at checkout,” said John Gallemore, CEO of THG Ingenuity, the proprietary, end-to-end technology and operating platform that powers all THG brands. “It represents another step in our ongoing journey to deliver exceptional online retail experiences for shoppers all over the world.”
Partnering with THG will further position Nuvei as the payments partner of choice for online retail.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates.
Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
About THG
THG (www.thg.com) is a vertically integrated, digital-first consumer brands group, retailing its own brands predominantly in beauty and nutrition, plus third-party brands, via its proprietary, end-to-end, e-commerce technology, infrastructure and brand-building platform (THG Ingenuity) to an online and global customer base.
Contact:
Viki Tahmasebi
Viki.tahmasebi@thg.com
Nuvei Releases In-depth Research on Cryptocurrency’s Future as a Payment Method
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Nuvei
nuvei.com/posts/
nuvei-releases-in-depth-research-on-cryptocurrencys-future-as-a-payment-method
This white paper deep dives into the current and future use cases of crypto and explores which likely scenarios will tip crypto into mainstream usage
This white paper deep dives into the current and future use cases of crypto and explores which likely scenarios will tip crypto into mainstream usage
MONTREAL, January 12, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, has today announced the release of its latest white paper, Mystery to Opportunity: The Future of Crypto Payments. It uncovers detailed facts and compelling statistics on cryptocurrencies as a viable payment method in eCommerce.
This whitepaper deep dives into the current and future use cases of crypto, dispels the most common misconceptions of digital currencies, and explores which likely scenarios will tip crypto into mainstream usage. It also analyses the significant uptick in technological innovations such as non-fungible tokens (NFTs), stablecoins, and central bank digital currencies (CBDCs), expanding the horizon of possibilities for merchants and consumers.
The white paper’s data shows that crypto payments within eCommerce are still nascent today, representing approximately $6 billion of the $10 trillion global market. It further explains why we are now at a point of market inflection in which several forces of disruption and market initiatives have come to the fore.
“At Nuvei, we’re big believers in innovation to provide choice and convenience to consumers,” explains Philip Fayer, Nuvei’s Chair and CEO. “In the last year, innovation around digital currencies has accelerated. With the rise of NFTs and stablecoins, regulatory, technological, and corporate adoption drivers are creating catalysts for accelerated crypto payments acceptance.”
Nuvei’s comprehensive white paper forecasts waves of crypto evolution and adoption to disrupt and accelerate crypto payments in the coming three to five years. The paper closes with a future vision for how mainstream adoption could develop, with the objective of illustrating the future possibilities held by crypto payments.
The white paper, Mystery to Opportunity: The Future of Crypto Payments, can be downloaded from the Nuvei site here.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
Public Relations
PR@nuvei.com
Nuvei Partners with Wix to Process Payments
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Nuvei
nuvei.com/posts/
nuvei-partners-with-wix-to-process-payments
Integration will deliver fast, seamless and secure payment processing for Wix merchants and their customers across all industries
Integration will deliver fast, seamless and secure payment processing for Wix merchants and their customers across all industries
MONTREAL, Jan. 13, 2022 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, today announced a partnership with Wix (Nasdaq: WIX), a leading global SaaS platform to create, manage and grow an online presence to facilitate payment processing for Wix merchants in North America.
This integration will deliver fast, seamless and secure payment processing for Wix merchants and their customers across all industries, including those with higher margins or more complex regulatory requirements. Nuvei will provide Wix with local acquiring and payment processing for their merchants, delivering them enhanced online shopping and digital payment experiences.
“We’re very excited to be working with Wix, it’s the perfect partnership for us,” explains Philip Fayer, Chair and CEO of Nuvei. “Nuvei and Wix are both high-tech, Nasdaq-listed companies experiencing hyper-growth across the globe. The entire tech sector is watching closely what we and Wix are doing as two fast-growing global experts in our fields. We’re delighted to be a part of Wix’s expansion plans.”
“We are constantly finding new ways to support our merchants and offer them the tools to grow their businesses, so they can continue to expand their online presence and provide the best service to their customers,” said Volodymyr Tsukur and Amit Sagiv, Co-Heads of Wix Payments. “We look forward to working with Nuvei, providing more payment options for our merchants.”
The partnership will mark a step change for Nuvei, giving Wix’s broad range of businesses, including SMBs direct access to Nuvei’s industry-leading payment solution, growing both the reach and profile of Nuvei’s brand. Wix, meanwhile, will leverage Nuvei’s fast go-to-market capabilities and industry-leading technology to maximize transaction success rates for its clients.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
About Wix.com, Ltd
Wix is leading the way with a cloud-based website development platform for over 210 million registered users worldwide today. The Wix website builder was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, artists, and individuals to take their businesses, brands and workflow online. The Wix Editor, Wix ADI, Editor X, a curated App Market, Ascend by Wix and Velo by Wix enable users to build and manage a fully integrated and dynamic digital presence. Wix’s headquarters are in Tel Aviv with offices in Austin, Be’er Sheva, Berlin, Cedar Rapids, Denver, Dnipro, Dublin, Kyiv, Kraków, Los Angeles, Miami, New York, Phoenix, San Francisco, São Paulo, Tokyo and Vilnius.
Visit us: on our blog, Facebook, Twitter, Instagram, LinkedIn and Pinterest.
Download: Wix App is available for free on Google Play and in the App Store.
For more about Wix please visit our Press Room.
Contact:
Nuvei Approved to Process Payments for Online Sportsbook Operators in New York
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Nuvei
nuvei.com/posts/
nuvei-approved-to-process-payments-for-online-sportsbook-operators-in-new-york
Approval granted by the New York State Gaming Commission to process payments with recently licensed digital sports betting platforms
Approval granted by the New York State Gaming Commission to process payments with recently licensed digital sports betting platforms
MONTREAL, January 19, 2022 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, announces today it has been granted approval by the New York State Gaming Commission to process payments with recently licensed digital sports betting platforms launching in the state.
The commission approved five operators this month – Caesars Sportsbook, BetMGM, DraftKings, FanDuel and Rush Street Interactive – to accept mobile and online sports wagers.
Nine operators are expected to be fully operational once regulatory approvals are finalised.
The regulatory reform means New Yorkers can make wagers on their preferred digital devices, rather than being limited to brick & mortar betting stores.
“Nuvei announced strategic alliances this past year with multiple US-regulated operators. We are pleased to now be supporting online sports betting operators and platform providers with a convenient, fast and secure payments capability to serve their New York customers,” said Nuvei Chair and CEO Philip Fayer. “This marks another step in our journey to expand with the growing industry as several states and countries are in the process of regulating online sports betting.”
Drawing on its deep roots with leading iGaming operators internationally and capabilities in the U.S. market, Nuvei stands as a proven solution provider to assist New York operators with industry expertise and payment processing technology. This includes a revenue optimization suite, providing frictionless deposit experience for millions of players through a variety of payment methods including cards, ACH and digital wallets, net deposits, real-time fraud prevention, risk management, and instant payouts.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates.
Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Global NFT Marketplace Kreatorhood Selects Nuvei to Help Digital Content Creators
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Nuvei
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global-nft-marketplace-kreatorhood-selects-nuvei-to-help-digital-content-creators
The partnership further cements Nuvei as the payment partner of choice for marketplaces and cryptocurrencies
The partnership further cements Nuvei as the payment partner of choice for marketplaces and cryptocurrencies
MONTREAL, January 24, 2022 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, today announced it has been selected by Kreatorhood, an environmentally-friendly global NFT (Non-Fungible Token) marketplace, to power payments for digital content creators and sellers around the world.
Kreatorhood is an NFT marketplace focused on art, music, performance and sports that helps creators turn their digital content into limited edition NFTs on the blockchain. Kreatorhood’s mission is to accelerate the mainstream adoption of NFTs. Through its proprietary technology, Kreatorhood removes the barriers to entry of buying and selling NFTs. The partnership with Nuvei enables Kreatorhood’s client network to enjoy a seamless payment experience across the blockchain and all payment methods, no matter where they are located.
Kreatorhood Director Ayesha Kanji said the collaboration would enhance the opportunities for creators to earn money from their work.
“We wanted to make the process of buying an NFT as simple as swiping a credit card,” Kanji said. “From the outset, Nuvei understood that we wanted to make NFTs more accessible to a mainstream audience. By selling through Kreatorhood, creators can sell to a much larger audience, not just crypto natives.”
Commenting on the collaboration, Nuvei Chair and CEO Philip Fayer said: “We’re delighted to be powering payments for Kreatorhood and playing our role to help content creators with new ways to buy, sell and earn through our payment capabilities. Through our advanced payments platform, we will mirror a traditional eCommerce experience for Kreatorhood’s users. The NFTs are minted through a sidechain, meaning they are also eco-friendly, which is hugely important to us as a company.”
Traditionally, NFT marketplaces focus on crypto as a method of payment, which can be a barrier for many people. Now, thanks to this partnership, NFTs are accessible to all, giving the rest of us an opportunity to trade on the blockchain. Additionally, by simplifying the payments process, Nuvei and Kreatorhood have built a bridge to the metaverse, giving more people in an era of virtual commerce a chance to own a unique digital asset and ultimately a piece of the future.
The partnership further cements Nuvei as the payment partner of choice for marketplaces and cryptocurrencies. At the same time, Kreatorhood benefits from Nuvei’s seamless split payout capabilities, extensive range of local alternative payment methods, and the company’s agile, scalable technology.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates.
Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
About Kreatorhood
Kreatorhood is an environmentally-friendly NFT platform built on the Polygon blockchain, where the world’s most talented creators and collectors buy, sell and earn together. We’ve made buying and selling NFTs simple without the complexities of blockchain. We are the bridge for mainstream creators, brands and buyers to the blockchain ecosystem.
For more information, visit www.kreatorhood.com
Contact:
Nuvei Enables International Ecommerce Merchants to Accept Local Payment Methods in Latin America
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Nuvei
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nuvei-enables-international-ecommerce-merchants-to-accept-local-payment-methods-in-latin-america
Newly introduced solution will support local card schemes and alternative payment options
Newly introduced solution will support local card schemes and alternative payment options
MONTREAL, January 4, 2022 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands, has announced today its capability enhancement which enables international merchants to accept local payment methods in 10 Latin American countries in addition to international card schemes and alternative payment methods (APMs).
The Company’s newly introduced solution will support local card schemes and alternative payment options, streamlining the setup needed to support local payment methods, while boosting acceptance rates. This includes settlement in local currency, settlement in non-Latin American currencies, regional settlement, or a combination of all three.
As LATAM’s payment ecosystem differs from country to country, merchants typically require a local presence to achieve high acceptance rates. Working with Nuvei enables any type of business to operate locally in LATAM, with or without local presence, which is ideal for international merchants with consumers in the region. This includes business verticals such as online retail, marketplaces, social gaming, and NFTs.
Nuvei makes payment processing simple and secure for merchants as it is authorized and held liable to process consumers’ credit and debit card transactions, as well as alternative payments such as PIX, Boleto, plus prepaid cards and eWallets. The Company also reduces the overhead of setting up the infrastructure to accept local payment methods.
“We’re excited to continue expanding our support to global merchants with this key offering in Latin America,” said Philip Fayer, Nuvei’s Chair and CEO. “Our localized solutions enable domestic and international businesses to reach their customers more securely and effectively.”
“Our local presence in Latin America ensures that we are well-positioned to service new and existing global customers in this fast-growing region, said Juan Franco, Nuvei’s General Manager, LATAM. “It enables our international clients to process payments locally without even stepping foot there.”
Merchants operating in LATAM can also grow their business by leveraging Nuvei’s bank transfer and card issuing services, as well as accessing a complete suite of local APMs in the region.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Nuvei Integrates with Dapper Labs’ Flow to Become One of the First FUSD Stablecoin Processors
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Nuvei
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nuvei-integrates-with-dapper-labs-flow-to-become-one-of-the-first-fusd-stablecoin-processors
Integration enables a frictionless checkout experience, powered by Nuvei, for dapps built on Flow
Integration enables a frictionless checkout experience, powered by Nuvei, for dapps built on Flow
MONTREAL, January 10, 2022 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands, has announced it has integrated with Flow, a Web3 platform designed for consumer-friendly blockchain applications. This is a significant milestone in accessible NFT purchasing and unique stablecoin processing on the blockchain, enabling a frictionless checkout experience, powered by Nuvei, for dapps built on Flow.
Flow’s next-generation, environmentally-friendly blockchain allows developers to build crypto- and crypto-enabled businesses, and users to create digital assets tradable on open markets. Nuvei brings an innovative and agile processing partner for those building on Flow by allowing users to pay with FUSD, the most prominent USD-based stablecoin on Flow.
According to the latest figures by Cointelegraph Research, 35% of all NFT traders are now on the Flow blockchain. Nuvei’s single-integration network provides Flow developers and marketplace customers seamless NFT purchase processing with FUSD via fiat. It offers greater access for NFT platforms and the ability to target a wider consumer audience: those looking for a fast and straightforward way to purchase in fiat.
“We’re delighted to be integrated with Flow—it’s exciting to see that its network is increasingly becoming the blockchain of choice for NFT traders,” said Philip Fayer, Nuvei’s Chair and CEO. “Now, thanks to our new integration, this increasing number of NFT platforms can offer their customers the ability to purchase FUSD with fiat quickly and seamlessly.”
“Nuvei brings a great payment experience option for both consumers and developers on Flow,” said Mickey Maher, SVP of Partnerships at Dapper Labs. “We’re thrilled to have them join the growing ecosystem and play a crucial part in further enabling mainstream adoption of Web3.”
The integration further positions Nuvei as the leading payment partner in the cryptocurrency and digital currency space. Flow, meanwhile, will leverage Nuvei’s bespoke fraud prevention and risk management tools backed by proven artificial intelligence technology, resulting in higher conversion rates and better liquidity, simplifying instant fiat purchases for cryptocurrencies, NFTs and decentralized finance providers.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
About Flow
Flow is a fast, decentralized, developer-friendly Web3 platform chosen for its combination of scalability and usability, and its commitment to excellence, longevity, and empowering communities. Flow is the only layer-one blockchain originally created by a team that has consistently delivered industry-leading consumer-scale web3 experiences including CryptoKitties, Dapper Wallet, and NBA Top Shot.
Flow boasts a rich ecosystem of top entertainment brands, development studios, and venture-backed startups. Flow ecosystem partners include global IP brands like Warner Music, Ubisoft, NBA, NFL, LaLiga, and UFC; e-commerce leaders Shopify, leading game developers, including Animoca Brands, Sumo Digital, and nWay; and many leaders in the crypto space such as Circle, Binance, and Rarible.
For more on Flow, visit https://www.flow.com.
Nuvei and Project Ark Join Forces to Enable Funding of Environmental Protection Through NFT Purchases
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Nuvei
nuvei.com/posts/
nuvei-and-project-ark-join-forces-to-enable-funding-of-environmental-protection-through-nft-purchases
Partnership will enable consumers to purchase NFTs directly with fiat currencies without the need to leave the dedicated NFT platform
Partnership will enable consumers to purchase NFTs directly with fiat currencies without the need to leave the dedicated NFT platform
MONTREAL, December 15, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), through its Simplex platform, one of the largest fiat infrastructure solutions for digital currencies globally, has partnered with Project Ark, a blockchain-powered platform that supports animal and environmental conservation projects by creating and selling NFT collectibles. This partnership will enable consumers to purchase NFTs directly with fiat currencies without the need to leave the dedicated NFT platform.
The purchase of Project Ark’s digital collectibles, ImpactNFTs, aims to ensure transparent donations to associations and NGOs supporting environmental protections and carbon offsetting, creating a blockchain-based decentralized autonomous organization (DAO) to help protect the environment.
Thanks to its partnership with Nuvei, users will be able to buy Project Ark’s NFTs directly from the marketplace, without needing to top up external compatible wallets and connect them to the platform.
“We are excited to help Project Ark reach a much wider global audience,” said Philip Fayer, Nuvei’s Chair and CEO. “There are individuals who want to support environmental causes however they can, and NFTs are certainly a powerful mechanism for doing so. By making it simple to purchase Project Ark NFTs with familiar fiat methods, its reach and impact can be vastly expanded.”
“Blockchain technology has created new solutions and space in the financial world, but it still needs to find its path into a more sustainable reality,” said Mihai Hrimiuc, Project Co-Lead at Project Ark. “Project Ark’s objective is to blend NFTs and cryptocurrencies together with the mission of creating positive environmental and social impact. Thanks to our partnership with Nuvei, we are reaching a wider audience and are one step closer to realizing our vision.”
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
About Project Ark
Project Ark is an innovative blockchain-powered conservation platform built in partnership with the World Wildlife Fund’s Panda Labs, and a founding member of the Impact NFT Alliance. Project Ark advocates the integration of a universal impact standard to bring together NFT platforms, web3 organizations and service providers to propel Impact NFTs – NFTs dedicated to bringing social and environmental impact into the mainstream.
Nuvei's Board of Directors States that Recent Allegations Against Nuvei are Misleading, False or Unrelated to Nuvei’s Business
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Nuvei
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nuveis-board-of-directors-states-that-recent-allegations-against-nuvei-are-misleading-false-or-unrelated-to-nuveis-business
Board of Directors Reaffirms Confidence in Nuvei's Executive Team
Board of Directors Reaffirms Confidence in Nuvei's Executive Team
MONTREAL, Dec. 14, 2021 — The Board of Directors of Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, today released its statement of support for the Company and its executive team as part of its review of the allegations made in a recent short-seller report.
Immediately following the release of the report last week making a series of allegations against Nuvei, the Company’s Board led by its independent directors retained legal counsel to assist in determining whether the claims had any merit. Based on the review initiated last week, the Board believes that the claims are misleading, false or unrelated to Nuvei’s business. The Board is confident that Nuvei’s financial and other disclosures are accurate in all material respects.
Michael Hanley, lead independent director of Nuvei, stated, “As a leading and growing global payment technology provider, integrity is essential to Nuvei’s business and is the cornerstone of its commitment to all stakeholders, including its employees, customers and shareholders. We stand firmly behind the Nuvei executive team and its track record. The report is nothing more than a self-serving attempt to inflict damage on the Company’s business and its leadership and generate a profit at the expense of Nuvei’s stakeholders.”
Nuvei has been subject to extensive due diligence, both by its private equity control investors as well as in connection with its public offerings and listings on the Toronto Stock Exchange and the Nasdaq. Moreover, Nuvei operates in a highly regulated environment and is continuously subject to extensive diligence and audits by regulators, bank partners, customers, card schemes and other industry stakeholders in all markets in which the Company operates.
Phil Fayer, Chair and CEO said, “The allegations made against Nuvei are malicious and unfounded. I stand behind all our employees as we continue to execute on our strategy with a relentless focus on supporting our customers and making the world a local marketplace. We will not allow the report to distract us any further and we remain unwavering in our commitment to drive growth and value for our shareholders.”
Mr. Fayer added, “We remain on track to deliver our full year 2021 financial outlook disclosed on November 9, 2021 and reiterate our medium and long-term growth targets, reflecting our continued momentum around driving innovation, growth and new customer wins.”
About Nuvei
We are Nuvei (Nasdaq and TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable securities laws, including reaffirming Nuvei’s outlook. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “budget”, “scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “strategy”, “intends”, “anticipates”, “does not anticipate”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”, the negative of these terms and similar terminology. 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. Nuvei’s outlook and targets, as the case may be, on revenue, Adjusted EBITDA and Adjusted EBITDA margin also constitutes “financial outlook” within the meaning of applicable securities laws and is provided for the purposes of assisting the reader in understanding the Company’s financial performance and measuring progress toward management’s objectives and the reader is cautioned that it may not be appropriate for other purposes. 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 those described under the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021 and under the “Risk Factors” section of the Company’s management’s discussion & analysis for the three and nine months ended September 30, 2021 and 2020. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Particularly, management’s assessments of, outlook for, and targets for, total volume, revenue, Adjusted EBITDA and Adjusted EBITDA margin set out herein are generally based on the following assumptions: (a) Nuvei’s results of operations will continue as expected, (b) the Company will continue to effectively execute against its key strategic growth priorities, despite the current COVID-19 pandemic and measures taken to contain the virus, (c) the Company will continue to retain and grow its existing customer base while adding new customers, (d) the Company will not complete any acquisitions or divestitures (e) economic conditions will remain relatively stable throughout the period, (f) the industries Nuvei operates in will continue to grow consistent with past experience, (g) there will be no fluctuations in currency exchange rates and volatility in financial markets, (h) there will be no material changes in legislative or regulatory matters, and (i) current tax laws will remain in effect and will not be materially changed. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake 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.
Contact:
Investors
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
Nuvei Expands its Acquiring Capabilities to the United Arab Emirates and North Africa
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Nuvei
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nuvei-expands-its-acquiring-capabilities-to-the-united-arab-emirates-and-north-africa
Nuvei expands its local acquiring services to support merchants in the United Arab Emirates (UAE) and North Africa
Nuvei expands its local acquiring services to support merchants in the United Arab Emirates (UAE) and North Africa
MONTREAL and DUBAI, December 10, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, announced today its expansion of local acquiring services to support merchants in the United Arab Emirates (UAE) and North Africa. Nuvei is certified by the Dubai Multi Commodities Centre (DMCC) and licensed to operate in the free trade zone. This new development positions the Company well to support its existing merchant base, as well as local merchants and international businesses looking to expand their footprint into this booming market.
As a region with an increasing global population, the UAE and North Africa are exploding with cross-border expansion potential: 60% of UAE consumers have purchased from an international online retailer. Alternative payment methods (APMs) like Google Pay and Apple Pay are also gaining significant traction. Nuvei will support growth-minded merchants by offering access to its full stack of innovative solutions, including APMs and other locally-preferred payment methods, plus direct connectivity to all the major payment card schemes. Through one single point of integration, merchants will benefit from a seamless, secure and compliant payment journey for their customers.
According to Global Data, the UAE’s eCommerce market has grown by 33% in five years and is expected to grow another 104% by 2024. Through Nuvei’s technology, merchants can tap into this potential, enabling them to support the different preferences and requirements of local and overseas consumers. Merchants will also benefit from the Company’s state-of-the-art tools, increasing approval rates, as well as reducing the traditional manual and lengthy onboarding process, and associated high payment fees.
“This launch marks the acceleration of our strategic global expansion plans,” said Philip Fayer, Nuvei’s Chair and CEO. “Investing in a physical presence and benefiting from our experts’ local market knowledge will make a huge difference to our existing clients in the region, as well as the many domestic and international businesses looking to optimize their payment strategies in this flourishing market.”
“We have experienced a surge in new merchant demand in the UAE and North Africa, along with calls for greater support from existing customers in the region,” said Praful Morar, Chief Strategy Officer, Digital Payments at Nuvei. “We are delighted that with our local solutions and expertise, we will be able to meet this demand, as we are seeing major traction in retail, financial services, travel, and digital goods and services.”
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Nuvei and Visa Join Forces to Launch Crypto-Friendly Debit Cards
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Nuvei
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nuvei-and-visa-join-forces-to-launch-crypto-friendly-debit-cards
Nuvei continues to make use of its Visa Principal Membership and EMI license to provide partner firms with an easy way to spend crypto anywhere Visa is accepted
Nuvei continues to make use of its Visa Principal Membership and EMI license to provide partner firms with an easy way to spend crypto anywhere Visa is accepted
MONTREAL, December 13, 2021 – Nuvei Corporation, through its subsidiary Simplex, is rolling out branded Visa debit cards to its partners across the European Economic Area and United Kingdom, following a partnership with Visa.
Having already provided crypto-friendly debit cards to blockchain finance ecosystem COTI in recent months, Nuvei via its Simplex brand, continues to make use of its Visa Principal Membership and EMI license to provide partner firms with an easy way to spend crypto anywhere Visa is accepted.
In combination with Nuvei’s Simplex Banking, the new cards simplify the fiat-to-crypto on-ramp and off-ramp process, creating a unified way for individuals to utilize and spend the funds from their crypto sales.
Nuvei’s Chair and CEO, Philip Fayer described the rollout of the cards as an important development for the firm’s partners and their customers. “The branded Visa debit card is a huge asset to our partners and their users, enabling the immediate and seamless spending of crypto earnings,” he said, “With this program, Visa has played a vital role in expanding the crypto ecosystem by closing the gap between traditional finance and crypto.”
Nikola Plecas, Director, Crypto Solutions, Europe, Visa, said: “Awareness of cryptocurrencies has increasing significantly amongst consumers across Europe, resulting in increased adoption as more people look to access crypto. We are excited to be part of this, and by deepening our relationship with Nuvei further, we are delighted to provide consumers with a simple and secure way to spend their crypto.”
The first batch of cards were delivered to COTI in September, enabling the latter to launch crypto bank accounts and COTI-branded Visa debit cards. Partnering with Nuvei, merchants on COTI’s blockchain finance network stand to benefit from increased adoption as a result of being able to accept cryptocurrency as a payment option.
For the customers of Nuvei’s partners, the use of the debit card allows them to sell their crypto holdings at the click of a button, while being able to spend the resultant funds instantly anywhere that Visa is accepted. Using the branded cards, customers effectively gain the same spending power with their crypto holdings as they would with traditional currencies.
The Nuvei-Visa collaboration stands to optimize cryptocurrency and digital asset payments by offering clients a way to close the fiat-to-crypto-to-fiat loop, a process that previously depended on the cooperation of the legacy banking system.
Nuvei’s CEO of Simplex, Nimrod Lehavi, said the branded Visa cards were tailor-made for the cryptocurrency space by meeting global standards of compliance.
“Thanks to Visa, we have created a straightforward and simple program that is tailored to the crypto industry in terms of compliance, risk, time-to-market and costs,” he said. “Our Visa card program has already seen huge success across Europe and in the UK.”
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Nuvei Reaffirms Financial Outlook for Full Year 2021 and Long-Term Growth Targets
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Nuvei
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nuvei-reaffirms-financial-outlook-for-full-year-2021-and-long-term-growth-targets
Remains Confident in Achieving Growth Targets for Total Volume, Revenue and Adjusted EBITDA Margin
Remains Confident in Achieving Growth Targets for Total Volume, Revenue and Adjusted EBITDA Margin
MONTREAL, Dec. 08, 2021 — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, today reaffirmed the financial outlook it disclosed on November 9, 2021 for full year 2021 and reiterated its long-term growth targets for total volume, revenue and adjusted EBITDA margin also disclosed on that date.
Nuvei believes the recent report issued by a short seller is intentionally misleading and draws inaccurate conclusions, innuendo and character attacks on key executives, among numerous other issues. The personal attacks on Nuvei executives made by the short seller appear to have been made to distract from the Company’s achievements and progress. The short seller admits that it stands to profit significantly from Nuvei’s stock price decline, at the expense of Nuvei’s shareholders, customers and employees.
Nuvei remains focused on executing against its strategy. Investors are encouraged to read the Company’s financial results for the third quarter ended September 30, 2021 for more details on Nuvei’s performance and its outlook. The Company urges investors to not make decisions based on the short seller report and to review public filings for material information that pertains to its business.
About Nuvei
We are Nuvei (Nasdaq and TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable securities laws, including reaffirming Nuvei’s outlook. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “budget”, “scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “strategy”, “intends”, “anticipates”, “does not anticipate”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”, the negative of these terms and similar terminology. 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. Nuvei’s outlook and targets, as the case may be, on revenue, Adjusted EBITDA and Adjusted EBITDA margin also constitutes “financial outlook” within the meaning of applicable securities laws and is provided for the purposes of assisting the reader in understanding the Company’s financial performance and measuring progress toward management’s objectives and the reader is cautioned that it may not be appropriate for other purposes. 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 those described under the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021 and under the “Risk Factors” section of the Company’s management’s discussion & analysis for the three and nine months ended September 30, 2021 and 2020. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Particularly, management’s assessments of, outlook for, and targets for, total volume, revenue, Adjusted EBITDA and Adjusted EBITDA margin set out herein are generally based on the following assumptions: (a) Nuvei’s results of operations will continue as expected, (b) the Company will continue to effectively execute against its key strategic growth priorities, despite the current COVID-19 pandemic and measures taken to contain the virus, (c) the Company will continue to retain and grow its existing customer base while adding new customers, (d) the Company will not complete any acquisitions or divestitures (e) economic conditions will remain relatively stable throughout the period, (f) the industries Nuvei operates in will continue to grow consistent with past experience, (g) there will be no fluctuations in currency exchange rates and volatility in financial markets, (h) there will be no material changes in legislative or regulatory matters, and (i) current tax laws will remain in effect and will not be materially changed. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake 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.
Contact:
Investors
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
Nuvei to Participate in Upcoming Investor Conferences - December 2021
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Nuvei
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nuvei-to-participate-in-upcoming-investor-conferences-december-2021
The Company’s presentations will be available via live webcast and archived replay on Nuvei’s investor relations website
The Company’s presentations will be available via live webcast and archived replay on Nuvei’s investor relations website at https://investors.nuvei.com under the “Events & Presentations” section.
MONTREAL, Dec. 02, 2021 — Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, today announced that the Company will be participating in the following virtual investor conferences:
- Raymond James 2021 Technology Investors Conference on Tuesday, December 7, 2021, at 9:40 am ET
- BMO 2021 Growth & ESG Conference on Wednesday, December 8, 2021, at 1:00 pm ET
The Company’s presentations will be available via live webcast and archived replay on Nuvei’s investor relations website at https://investors.nuvei.com under the “Events & Presentations” section.
About Nuvei
We are Nuvei (Nasdaq and TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
Contact:
Investors
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
Nuvei Approved to Provide Payment Processing Services to Sports Wagering Operators in Louisiana
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Nuvei
nuvei.com/posts/
nuvei-approved-to-provide-payment-processing-services-to-sports-wagering-operators-in-louisiana
Nuvei’s approval ensures that it can provide online gaming operators in Louisiana with its innovative payment technology and industry expertise
Nuvei’s approval ensures that it can provide online gaming operators in Louisiana with its innovative payment technology and industry expertise
MONTREAL AND BATON ROUGE, LA, November 29, 2021 — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, has announced that its wholly-owned subsidiary has been granted permission to provide payment processing services to daily fantasy sports and sports wagering operators in Louisiana. The approval by the Louisiana Gaming Control Board enables the Company to support online sports betting across the state.
The Louisiana sports betting industry is expected to attract more than $200 million in operator revenue and over $2.5 billion in annual sports wagers(1). Louisiana’s first four commercial retail sportsbooks started operating on October 31 and November 1, 2021. While online sports betting is anticipated to go live by January 1, 2022, consumers currently have access to pre-launch offers from online sportsbooks.
Nuvei’s approval ensures that it can provide online gaming operators in Louisiana with its innovative payment technology and industry expertise, allowing them to accept more payment types and optimize transactions to drive additional revenue streams. Currently, the Company can offer its services to operators in 17 states where online wagering has been legalized, as it continues to expand its footprint across the U.S. Notable industry clients include Carousel Group, 888 and SI Sportsbook, PrizePicks, Triplebet/Matchbet, and BetMGM.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Nuvei is Enriching its Global Instant Payment and Bank Transfer Offering with the Integration of Faster Payments and Instant and Regular SEPA
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Nuvei
nuvei.com/posts/
nuvei-is-enriching-its-global-instant-payment-and-bank-transfer-offering-with-the-integration-of-faster-payments-and-instant-and-regular-sepa
Nuvei enables smart routing of payments across the UK and Europe with Faster Payments in the UK and Instant and Regular SEPA in Europe
Nuvei enables smart routing of payments across the UK and Europe with Faster Payments in the UK and Instant and Regular SEPA in Europe
MONTREAL, November 8, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands, announced that it has enhanced its global payment capabilities by enabling smart routing of payments across the UK and Europe with Faster Payments in the UK and Instant and Regular SEPA in Europe.
With these recent integrations and Instant SEPA increasing adoption, Nuvei’s instant payment offering is getting ever more global. This unique proposition enables the smart routing of instant and regular payments to achieve best acceptance rates and lowest fraud exposure. The key features of UK and European Open Banking in particular, allow users and merchants to pay and get paid instantly, within seconds, in multiple currencies and countries across the region.
The feature also empowers consumers with greater choice by offering card-free solutions that allow people to receive money faster through payouts such as refunds or insurance claim settlements.
The solution is getting great traction with merchants, especially those with higher Average Transaction Values (ATVs) as it gives access to higher limits than with card transactions. Its embedded KYC solution also unlocks significantly higher transaction limits for ID- and source of funds-verified users.
“We’ve seen our customers demanding repeatedly, smart and easy-to-integrate solutions to enable bank transfers and instant payments, especially in high ATV verticals,” said Philip Fayer, Nuvei’s Chair and CEO. “Consumers are also asking for more choice beyond cards to receive money quicker. We are delighted that, with these recent additions in Europe, we’re supporting our merchants’ growth across the globe.”
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, 210 currencies including 100 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Nuvei Announces Third Quarter 2021 Results
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Nuvei
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nuvei-announces-third-quarter-2021-results
Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), today reported its financial results for the third quarter ended September 30, 2021
Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), today reported its financial results for the third quarter ended September 30, 2021
Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards (“IFRS”)
MONTREAL, November 9, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, today reported its financial results for the third quarter ended September 30, 2021.
“We achieved a number of significant milestones in the third quarter including financial results that exceeded the outlook previously provided, releasing new innovative product solutions, growing our portfolio of alternative payment methods (“APMs”), announcing several exciting new customer wins, and completing three acquisitions that enhance and expand our addressable market, product capabilities, and geographic footprint,” said Philip Fayer, Nuvei’s Chair and CEO. “The third quarter also marked our one year anniversary as a public company trading on the Toronto Stock Exchange, which was followed by our successful initial public offering in the United States on the Nasdaq in early October. I want to thank the entire Nuvei team for their tireless contributions and for making all of this possible. Looking at the business, our performance is driven by our unrelenting focus on helping our customers connect further with their customers regardless of country, currency, or payment type through our single integrated platform. We continue to experience significant momentum in the business and are well-positioned for sustainable and profitable growth. We are proud of our results and raising our financial outlook for the full year 2021 and reiterating our previously announced medium and long-term growth targets.”
Financial Highlights for the Three Months Ended September 30, 2021
- Total volume(1) increased 88% to $21.6 billion from $11.5 billion
- eCommerce represented 83% of total volume
- Revenue increased 96% to $183.9 million from $93.8 million
- Net income increased by $105.9 million to $28.0 million from a net loss of $77.9 million
- Adjusted EBITDA(2) increased 97% to $80.9 million from $41.0 million
- Adjusted net income(2) was $62.3 million compared to $16.5 million
- Net income per diluted share of $0.19 compared to a net loss of $0.88
- Adjusted net income(2) per diluted share of $0.42 compared to $0.17
- Cash balance of $288.7 million at September 30, 2021 compared to $180.7 million at December 31, 2020
Financial Highlights for the Nine Months Ended September 30, 2021
- Total volume(1) increased 119% to $64.1 billion from $29.3 billion
- eCommerce represented 85% of total volume
- Revenue increased 97% to $512.7 million from $260.3 million
- Net income increased by $221.0 million to $94.7 million compared to a net loss of $126.2 million
- Adjusted EBITDA(2) increased 102% to $225.8 million from $111.7 million
- Adjusted net income(2) was $178.0 million compared to $42.5 million
- Net income per diluted share of $0.64 compared to a net loss per share of $1.49
- Adjusted net income(2) per diluted share of $1.22 compared to $0.46
- Cash flow from operating activities of $201.9 million increased from $49.0 million
Operational Highlights
- Total volume(1) in the quarter increased in all four regions with North America up 118%, Europe, the Middle East and Africa (EMEA) up 62%, Asia-Pacific (APAC) up 140%, and Latin America (LATAM) up 93%.
- Nuvei added multiple new alternative payment methods (“APMs”) increasing the Company’s portfolio of APMs to more than 500 at the end of the third quarter of 2021, expanding access and allowing its customers to accept more forms of regionally familiar and preferred digital payment methods in order to drive higher conversion rates.
- The Company enabled payouts in North America with Visa Direct, further expanding and enhancing its portfolio of real time payout options, fully reconciled and net settled thereby simplifying the payment process, improving efficiency and providing significant benefits to its merchant customers.
- Nuvei launched card issuing in Europe, a new line of business for the Company further expanding its product offerings and solution capabilities to its merchant customers in the region and presenting incremental market opportunities.
- Nuvei gained traction in online gaming and sports betting in the United States (“US”), announcing several new customer wins in the third quarter including BetMGM, 888 and SI Sportsbook (Sports Illustrated’s first venture into online gaming and sports betting in the US), Carousel Group, Triplebet/Matchbet, and PrizePicks. Separately, the Company was also selected as a payment solution provider by Holland Casino, the first online casino in the Netherlands.
- Nuvei completed the previously announced acquisitions of SimplexCC Ltd. (“Simplex”) and Paymentez LLC (“Paymentez”) on September 1, 2021.
- The acquisition of Simplex, expands Nuvei’s capabilities to offer bespoke fraud prevention and risk management tools backed by proven artificial intelligence (AI) technology, resulting in higher conversion rates and better liquidity simplifying instant fiat purchases for cryptocurrencies, NFTs and decentralized finance (DeFi) providers. Nuvei intends to offer Simplex’s advanced capabilities and enhanced solutions to its merchants across all its focus industry verticals, similarly introducing all of Nuvei’s product solutions and capabilities to SImplex’s customers.
- The acquisition of Paymentez, further increases Nuvei’s total addressable market by significantly expanding and strengthening its presence in Latin America, enhances its regional processing capabilities, enables its support of additional local payment methods, and ensures the Company is well positioned to service new and existing global customers in this fast growing region for online commerce.
- The Company strengthened its Executive Leadership, promoting Max Attias to Group Chief Technology Officer (“CTO”) following the retirement of former longtime CTO, Keith Birdsong, and appointing fintech industry veteran Guillaume Conteville as Chief Marketing Officer and human resources leader Nikki Zinman as Chief People Officer.
- On October 8, 2021, Nuvei completed its initial public offering (IPO) in the United States on the Nasdaq Global Select Market (Nasdaq) issuing a total of 3.45 million subordinate voting shares (including the exercise in full by the underwriters of their over-allotment option) for aggregate gross proceeds of approximately $424.8 million.
Financial Outlook
For the three months and the year ending December 31, 2021, Nuvei anticipates total volume(1), revenue and Adjusted EBITDA(2) to be in the ranges below. Considering the strong performance during the three months ended September 30, 2021, where Nuvei exceeded the previously anticipated revenue and Adjusted EBITDA(2) outlook, as well as continuing momentum in the business, management is raising the financial outlook for the year ending December 31, 2021. The updated financial outlook and specifically the Adjusted EBITDA(2) reflects the Company’s strategy to accelerate its investment in distribution, marketing, innovation, technology as well as the infrastructure resulting from the recent acquisition of Mazooma. The Company expects these investments will support its growth plan. The financial outlook also includes the recently completed acquisitions of Simplex and Paymentez.
The financial outlook is fully qualified and based on a number of assumptions described under the heading “Forward-Looking Information” of this press release. Nuvei’s outlook also constitute “financial outlook” within the meaning of applicable securities laws and is provided for the purposes of assisting the reader in understanding the Company’s financial performance and measuring progress toward management’s objectives and the reader is cautioned that it may not be appropriate for other purposes.
Growth Targets
Nuvei’s medium-term(3) annual growth targets for total volume(1) and revenue, as well as its longer-term target for Adjusted EBITDA margin(2), are shown in the table below. The Company expects to achieve its medium(3) and long-term(3) targets through continuing momentum and performance of its core business driven by geographic expansion, product innovation, growing wallet share with its existing merchant customers, new merchant customer wins through its direct sales channel and growing sales pipeline, and the favorable tailwinds of the industries it serves.
(1) 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. Total volume is explained in further detail in the Company’s most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations.
(2) Adjusted EBITDA, Adjusted EBITDA margin and Adjusted net income are non-IFRS measures. See “Non-IFRS Measures”.
(3) “Medium-term” and “long term” have not been defined by Nuvei nor does Nuvei intend to define them. These targets should not be considered as projections, forecasts or expected results but rather goals that may result from the execution of our strategy. These growth targets are fully qualified and based on a number of assumptions described under the heading “Forward-Looking Information” of this press release.
Conference Call Information
Nuvei will host a conference call to discuss its third quarter 2021 financial results today November 9, 2021 at 8:30 am ET. Hosting the call will be Philip Fayer, Chair and CEO, and David Schwartz, CFO.
The conference call will be webcast live from the Company’s investor relations website at https://investors.nuvei.com under the “Events & Presentations” section. A replay will be available on the investor relations website following the call.
The conference call can also be accessed live over the phone by dialing 877-425-9470 (US/Canada toll-free), or 201-389-0878 (international). A replay will be available one hour after the call and can be accessed by dialing 844-512-2921 (US/Canada toll-free), or 412-317-6671 (international); the conference ID is 13724346. The replay will be available through Tuesday, November 23, 2021.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com
Non-IFRS Measures
Nuvei’s unaudited condensed interim consolidated financial statements have been prepared in accordance with IFRS as issued by the International Accounting Standards Board. The information presented in this press release includes non-IFRS financial measures, namely Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per basic share, and Adjusted net income per diluted share. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and are therefore unlikely to 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 the Company’s results of operations from management’s perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company’s financial information reported under IFRS. Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per basic share, and Adjusted net income per diluted share are used to provide investors with a supplemental measure of the Company’s operating performance and thus highlight trends in Nuvei’s core business that may not otherwise be apparent when relying solely on IFRS measures. The Company’s management also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Nuvei’s management also uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. The Company’s management believes Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per basic share and Adjusted net income per diluted share are important supplemental measures of Nuvei’s 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. See the “Non-IFRS Measures” section of our management’s discussion and analysis for a description and reconciliation of these measures.
Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable securities laws, including Nuvei’s outlook on total volume, revenue and Adjusted EBITDA for the three months and the year ending December 31, 2021 as well as medium and long-term targets on Total volume, Revenue and Adjusted EBITDA. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “budget”, “scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “strategy”, “intends”,“anticipates”, “does not anticipate”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”, the negative of these terms and similar terminology. 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. Nuvei’s outlook and targets, as the case may be, on revenue, Adjusted EBITDA and Adjusted EBITDA margin also constitutes “financial outlook” within the meaning of applicable securities laws and is provided for the purposes of assisting the reader in understanding the Company’s financial performance and measuring progress toward management’s objectives and the reader is cautioned that it may not be appropriate for other purposes. 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 those described under the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Particularly, management’s assessments of, outlook for, and targets for, total volume, revenue, Adjusted EBITDA and Adjusted EBITDA margin set out herein are generally based on the following assumptions: (a) Nuvei’s results of operations will continue as expected, (b) the Company will continue to effectively execute against its key strategic growth priorities, despite the current COVID-19 pandemic and measures taken to contain the virus, (c) the Company will continue to retain and grow its existing customer base while adding new customers, (d) the Company will not complete any acquisitions or divestitures (e) economic conditions will remain relatively stable throughout the period, (f) the industries Nuvei operates in will continue to grow consistent with past experience, (g) there will be no fluctuations in currency exchange rates and volatility in financial markets, (h) there will be no material changes in legislative or regulatory matters, and (i) current tax laws will remain in effect and will not be materially changed. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake 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.
Contact:
Investors
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
Statements of Profit or Loss and Comprehensive Income or Loss Data
(in thousands of U.S. dollars except for shares and per share amounts)
Reconciliation of Adjusted EBITDA to net income (loss)
(In thousands of U.S. dollars)
- This line item represents change in redemption value related to shares classified as liabilities prior to the Company’s TSX listing. As part of the TSX listing, such shares were converted into equity as Subordinate Voting Shares. These expenses are included in finance costs.
- This line item relates to amortization expense taken on intangible assets created from the purchase price adjustment process on acquired companies and businesses and from the acquisition of all the outstanding shares of Pivotal Holdings Ltd. by Nuvei in September 2017.
- These expenses relate to:
- professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities. For the three months and the nine months ended September 30, 2021, those expenses were $0.7 million and $10.5 million respectively ($2.0 million and $5.2 million for the three months and the nine months ended September 30, 2020). These costs are presented in the professional fees line item of selling, general and administrative expenses.
- acquisition-related compensation. For the three months and the nine months ended September 30, 2021, those expenses were $6.3 million ($0.2 million and $0.7 million for the three months and the nine months ended September 30, 2020). These costs are presented in the employee compensation line item of selling, general and administrative expenses.
- change in deferred purchase consideration for previously acquired businesses, which was nil for the three months and the nine months ended September 30, 2021 (nil for the three months ended September 30, 2020 and a gain of $1.3 million for the nine months ended September 30, 2020).
- severance and integration expenses. For the three months and the nine months ended September 30, 2021, severances expenses were $0.3 million ($0.2 million and $0.6 million for the three months and the nine months ended September 30, 2020). These expenses are presented in selling, general and administrative expenses.
- These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share-based plans.
- This line item primarily represents legal settlements and associated legal costs incurred outside of the normal course of business, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in the other line item of the selling, general and administrative expenses.
- This line item reflects income tax expense on taxable adjustments using the tax rate of the applicable jurisdiction.
- Adjusted net income is a non-IFRS measure that the Company uses to further assess its operating performance.
- Adjusted net income per diluted share is calculated using share-based awards outstanding at the end of each period on a fully diluted basis if they were in-the-money at that time.
Nuvei Receives Approval for Event Wagering and Fantasy Sports Payments in Arizona
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Nuvei
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nuvei-receives-approval-for-event-wagering-and-fantasy-sports-payments-in-arizona
Approval from the Arizona Department of Gaming allows Nuvei to further grow its U.S. online sports betting footprint
Approval from the Arizona Department of Gaming allows Nuvei to further grow its U.S. online sports betting footprint
MONTREAL and PHOENIX, November 23, 2021 — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, has announced that its wholly-owned subsidiary has been granted an Event Wagering and Fantasy Sports Supplier license in Arizona.
Online sports betting became legal in Arizona in April 2021. Regulated sportsbooks and sportsbook apps formally began operating in the state on September 9, 2021, just prior to the kickoff of the 2021 NFL season. It is estimated that sports wagering in the state will be worth over $3 billion annually and generate over $200 million in gaming revenue(1).
The approval from the Arizona Department of Gaming allows Nuvei to further grow its U.S. online sports betting footprint into yet another state. The Company’s deep-rooted industry expertise and future-forward solutions including a broad range of payment methods, optimized transaction flows, and instant payouts can offer state operators even greater revenue possibilities.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, 210 currencies including 100 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
(1) PlayAZ.com: Arizona Sportsbooks Will Grow To Take In More Than $3 Billion In Bets Annually
Nuvei Selected as New Payment Provider for BetMGM
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Nuvei
nuvei.com/posts/
nuvei-selected-as-new-payment-provider-for-betmgm
BetMGM has chosen Nuvei to provide a seamless payment experience for its players in the U.S.
BetMGM has chosen Nuvei to provide a seamless payment experience for its players in the U.S.
MONTREAL and JERSEY CITY, October 14, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq and TSX: NVEI), the global payment technology partner of thriving brands, announced today that BetMGM has chosen Nuvei to provide a seamless payment experience for its players in the U.S. Nuvei has deep roots with leading iGaming operators internationally, as well as extensive capabilities and knowledge in the rapidly growing U.S. market.
“Our partnership with BetMGM further solidifies our technological prowess and deeply rooted expertise in iGaming,” said Philip Fayer, Nuvei’s Chair and CEO. “Our growing client base in the U.S. sports betting market is a testament to our experienced team and robust platform. We look forward to expanding our partnership with BetMGM, improving player satisfaction and delivering an increase in conversion rates.”
BetMGM offers sports betting and iGaming via the BetMGM Sportsbook app, Borgata Online, PartyPoker and PartyCasino. Licensed in 16 states, with plans to extend its offerings across all regulated jurisdictions in the U.S., Nuvei’s innovative technology will support BetMGM’s further expansion across the U.S.
BetMGM will leverage Nuvei’s technology for instant deposits, payment orchestration, and proprietary smart routing features to maximize transaction success rates. BetMGM will also benefit from Nuvei’s extensive portfolio of U.S. payment options, including credit and debit cards, ACH, digital wallets, and eCash. In addition, the partnership will provide BetMGM with instant withdrawal options, including Real-time Payments (RTP). This will ensure a fast, secure and convenient payment experience for players.
About Nuvei
We are Nuvei (Nasdaq and TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
About BetMGM
BetMGM is a market leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM’s U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain’s US-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit https://www.betmgm.com/.
Nuvei wins Payment Service of the year at Vixio Global Regulatory Awards
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Nuvei
nuvei.com/posts/
nuvei-wins-payment-service-of-the-year-at-vixio-global-regulatory-awards
Through its Mazooma platform, Nuvei is proud to be the first to bring Real-Time Payments to the U.S. sports wagering and iGaming industry
Through its Mazooma platform, Nuvei is proud to be the first to bring Real-Time Payments to the U.S. sports wagering and iGaming industry
MONTREAL, October 28, 2021 — Through its Mazooma platform, Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, is proud to be the first to bring Real-Time Payments to the U.S. sports wagering and iGaming industry. The offering enables players to receive payouts immediately into their bank accounts, safely and securely, 24/7/365.
On October 21st, 2021 our contribution to the industry was recognized as Mazooma won the Payment Service Or Solution Provider of the Year award at the 2021 Global Regulatory Awards hosted by VIXIO Gambling Compliance for its game-changing Instant Withdrawals feature.
“Real-time payments give consumers more choice. Through Nuvei’s diverse portfolio of payment methods, which now includes Instant Withdrawals, players will be able to instantly withdraw their winnings, any time of the year, immediately to their bank account,” said Philip Fayer, Nuvei’s Chair and CEO. “We will keep working hard to provide the most innovative payment options so our consumers have the smoothest and most reliable payment experience.”
Instant Withdrawals are a win-win for both players and operators. Players enjoy peace of mind with the option to access their winnings instantly. For the gaming operator, real-time withdrawals offer a better user experience than any other payment method available.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Nuvei to Announce Third Quarter 2021 Results on November 9, 2021
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Nuvei
nuvei.com/posts/
nuvei-to-announce-third-quarter-2021-results-on-november-9-2021
Management will host a conference call and webcast to discuss these results at 8:30 am ET that same day
Management will host a conference call and webcast to discuss these results at 8:30 am ET that same day
MONTREAL, October 25, 2021 – Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, today announced it will release its third quarter 2021 financial results before market open on Tuesday, November 9, 2021. Management will host a conference call and webcast to discuss these results at 8:30 am ET that same day. Hosting the call will be Philip Fayer, Chair and CEO, and David Schwartz, CFO.
The conference call will be webcast live from the Company’s investor relations website at https://investors.nuvei.com under the “Events & Presentations” section. A replay will be available on the investor relations website following the call.
The conference call can also be accessed live over the phone by dialing 877-425-9470 (US/Canada toll-free), or 201-389-0878 (international). A replay will be available one hour after the call and can be accessed by dialing 844-512-2921 (US/Canada toll-free), or 412-317-6671 (international); the conference ID is 13724346. The replay will be available through Tuesday, November 23, 2021.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com
Contact:
Investor Relations
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
Nuvei Secures Approval for Processing Sports Betting and iGaming Payments in Connecticut
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Nuvei
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nuvei-secures-approval-for-processing-sports-betting-and-igaming-payments-in-connecticut
Nuvei to provide payment processing expertise and technology to Connecticut’s online gaming operators
Nuvei to provide payment processing expertise and technology to Connecticut’s online gaming operators
MONTREAL and HARTFORD, Connecticut, October 20, 2021 — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, has announced that its wholly owned subsidiary has been granted an online gaming service provider vendor registration in Connecticut. The registration was approved by the Connecticut Board of Consumer Protection and allows Nuvei to support sports betting and iGaming operators within the state.
Online sports betting was legalized in Connecticut in May 2021. Since the law’s passage, operators in the state have been preparing to debut their sports betting and iGaming capabilities, with the first legal online sportsbooks going live as of October 19. Nuvei stands as a proven solution provider to assist these operators with industry expertise and payment processing technology that includes a revenue optimization suite, streamlined pay-ins through a variety of payment methods including cards, ACH and alternative payments, net deposits, real-time fraud detection, risk management, and instant payouts.
Nuvei continues to expand its footprint as the payment provider of choice for regulated online sports betting across the U.S., with high-profile partnerships including 888 and SI Sportsbook, Carousel Group, Triplebet/Matchbet, PrizePicks, and BetMGM.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Nuvei Expands Digital Payouts in the U.S. with Visa Direct
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Nuvei
nuvei.com/posts/
nuvei-expands-digital-payouts-in-the-u-s-with-visa-direct
With Visa Direct, Nuvei’s clients will be able to provide fast payout capabilities to their customers, with transactions routed and processed in near real time
With Visa Direct, Nuvei’s clients will be able to provide fast payout capabilities to their customers, with transactions routed and processed in near real time
MONTREAL, October 8, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq and TSX: NVEI), the global payment technology partner of thriving brands, announced today its collaboration with Visa, the world’s leader in digital payments, to offer Nuvei’s U.S. clients access to fast payouts via implementation of Visa Direct[1], Visa’s real-time[2] push payments platform. Initially available in Europe, this offering will now enhance Nuvei’s payout capabilities in the U.S. and help create a more efficient, secure and seamless payments experience for its merchant clients across virtually any industry.
With Visa Direct, Nuvei’s clients will be able to provide fast payout capabilities to their customers, with transactions routed and processed in near real time. The expansion of Nuvei’s offering with Visa Direct to the U.S. marks an exciting milestone as part of the Company’s goal to deliver the latest payment innovations at a global level.
“The introduction of Visa Direct to our U.S. merchant clients further strengthens our constantly evolving payout options,” said Philip Fayer, Nuvei’s Chair and CEO. “As consumers are looking for faster, simpler and more connected experiences, it is crucial that we provide solutions that best address their needs. An important part of this is supporting payments in real time, delivering a truly frictionless payment journey.”
“Our collaboration with Nuvei in Europe is already helping its customers realize the benefits of fast and secure digital payout capabilities via Visa Direct,” said Ruben Salazar, SVP and global head of Visa Direct. “We are excited to partner with Nuvei in the U.S. so their clients can use Visa Direct to help them digitize paper-based, inefficient processes.”
About Nuvei
We are Nuvei (Nasdaq and TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
[1] Visa Direct capability enabled through Nuvei’s financial institution partners.
[2] Actual fund availability depends on receiving financial institution and region.
Nuvei Announces Pricing of Upsized Initial Public Offering in the United States
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Nuvei
nuvei.com/posts/
nuvei-announces-pricing-of-upsized-initial-public-offering-in-the-united-states
Subordinate voting shares to start trading on Nasdaq
Subordinate voting shares to start trading on Nasdaq
Montréal, October 5, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, has announced today the pricing of its upsized marketed offering of 3,000,000 subordinate voting shares of the Company in the United States and Canada, representing Nuvei’s initial public offering in the United States (the “Offering”).
The Underwriters (as defined below) have agreed to purchase, at a price of US$123.14 per subordinate voting share, an aggregate of 3,000,000 subordinate voting shares offered by the Company, for gross proceeds to the Company of US$369,420,000.00. The Offering is expected to close on October 8, 2021, subject to a number of customary conditions, including the entering into of the definitive underwriting agreement, the listing of the subordinate voting shares issued by the Company as part of the Offering on the Nasdaq and the TSX, and any required approvals of the Nasdaq and the TSX.
Nuvei’s subordinate voting shares are scheduled to start trading on October 6, 2021 on Nasdaq Global Select Market (the “Nasdaq”) under the symbol “NVEI”. Nuvei applied to voluntary delist, conditional upon closing of the Offering, its “NVEI.U” US dollar listing on the Toronto Stock Exchange (the “TSX”). It is expected that the delisting will be effective after markets close on or about October 13, 2021. Nuvei’s subordinate voting shares will continue to trade on the TSX in Canadian dollars under the symbol “NVEI”.
Goldman Sachs & Co. LLC, Credit Suisse, J.P. Morgan, BMO Capital Markets and RBC Capital Markets are acting as bookrunners for the Offering and Raymond James Ltd., Canaccord Genuity Corp., Cowen and Company, LLC, Keefe, Bruyette & Woods, A Stifel Company, William Blair, National Bank Financial Inc., CIBC Capital Markets and Scotiabank are also acting as underwriters for the Offering (collectively, the “Underwriters”).
Nuvei expects to use the net proceeds from the Offering primarily to strengthen the Company’s financial position and allow it to pursue its growth strategies.
Nuvei has granted the Underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering at the offering price to cover over-allotments, if any.
In connection with the Offering, Nuvei has filed a preliminary prospectus supplement and will file a final prospectus supplement to its amended and restated short form base shelf prospectus dated May 20, 2021. The preliminary prospectus supplement was filed, and the final supplement will be filed, with the securities regulatory authorities in each of the provinces and territories of Canada as well as with the U.S. Securities and Exchange Commission (the “SEC”) as part of a registration statement on Form F-10, as it may be amended from time to time, under the U.S./Canada multijurisdictional disclosure system.
The Offering is being made in Canada only by means of the amended and restated base shelf prospectus and prospectus supplement and in the United States only by means of the registration statement, including the amended and restated base shelf prospectus and prospectus supplement. Such documents contain important information about the Offering. A copy of the prospectus supplement will be available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov, and a copy of the registration statement is available on EDGAR at www.sec.gov. Copies of the prospectus supplements and the registration statement, when available, may also be obtained from any of the following sources: Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282-2198, Attention: Prospectus Department (866-471-2526); Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, telephone: 1-800-221-1037 or by email at usa.prospectus@credit-suisse.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (866) 803-9204, email: prospectus-eq_fi@jpmchase.com; in the United States from BMO Capital Markets Corp., Attention: Equity Syndicate Department, 151 W 42nd St, New York, NY 10036, or by telephone at 1-800-414-3627 or by email at bmoprospectus@bmo.com and in Canada from BMO Capital Markets, Attention: Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2, or by telephone at 1-905-791-3151 Ext 4312 or by email at torbramwarehouse@datagroup.ca; and in the United States from RBC Capital Markets LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, Attention: Equity Syndicate, phone: 877-822-4089, Email: equityprospectus@rbccm.com and in Canada from RBC Dominion Securities Inc., 180 Wellington Street West, 8th Floor, Toronto, ON M5J 0C2, Attention: Distribution Centre, or via telephone: 1-416-842-5349, or via email at Distribution.RBCDS@rbccm.com. Prospective investors should read the prospectus supplements and registration statement before making an investment decision.
No securities regulatory authority has either approved or disapproved the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.
ABOUT NUVEI
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws, section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and by the United States Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the Offering and its terms, the use of proceeds of the Offering, the listing of Nuvei’s shares on the Nasdaq, the closing of the Offering and the proposed delisting of Nuvei’s subordinate voting shares trading on the TSX in U.S. dollars under the symbol “NVEI.U”. This forward-looking information is identified by the use of terms and phrases such as “may”, “might”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, “to its knowledge”, “could”, “design”, “forecast”, “goal”, “hope”, “intend”, “likely”, “predict”, “project”, “seek”, “should”, “target”, “will”, “would” or “continue”, and the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. 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 those described under the “Risks Factors” sections of the Company’s annual information form filed on March 17, 2021, the preliminary prospectus supplement filed on October 4, 2021 and the (final) prospectus supplement dated October 5, 2021, when available. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake 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.
For further information, please contact:
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
PrizePicks Selects Nuvei for Revenue Optimization
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Nuvei
nuvei.com/posts/
prizepicks-selects-nuvei-for-revenue-optimization
Innovative Daily Fantasy Sports platform will use Nuvei’s Cashier to power its payments for growing customer base
Innovative Daily Fantasy Sports platform will use Nuvei’s Cashier to power its payments for growing customer base
MONTREAL and ATLANTA, October 4, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced a partnership with PrizePicks, the largest independently owned Daily Fantasy Sports (DFS) platform in North America. The collaboration will enable PrizePicks to better address the evolving needs of their DFS customers.
Headquartered in Atlanta, Georgia, PrizePicks is a Daily Fantasy Sports platform that simplifies the concept. Customers use their skills to predict if their selected player will perform above or below their projected fantasy points (i.e., “over/under”), as opposed to beating large amounts of other players in a contest.
PrizePicks’ business model revolves around simplicity, and that philosophy carries over into payments, making it easy for players to both deposit and receive winnings by providing a user experience that is flawless in terms of flow and functionality. Choosing Nuvei as their payment partner was the natural strategic decision for future growth.
PrizePicks will utilize Cashier, Nuvei’s feature-rich hosted payment page to provide a frictionless payment experience for its online customers and deliver seamless deposits and payouts, while maintaining compliance with local regulations. Additionally, PrizePicks will benefits from Nuvei’s smart and sophisticated tools and features that optimize payments by significantly increasing acceptance rates, minimizing abandonments, and diminishing fraud.
The Company’s optimization features include smart traffic routing via multiple acquirers, and acceptance of numerous and localized payment methods for fast deposits and payouts—including cards, digital wallets, bank transfers and ACH. Declined transactions will trigger an automated recovery function that will provide the player with other payment options and a second chance for approval.
“Companies working in complex markets are seeking technology partners with proven track records and business intelligence to ensure their rapid expansion,” said Philip Fayer, Nuvei’s Chair and CEO. “We are confident that PrizePicks will demonstrate significant progress in the upcoming quarters as they leverage our platform to drive agile and scalable growth.”
Nuvei’s proprietary platform is designed to handle high volumes of transactions reliably and securely, while maintaining utmost regulatory compliance. The Company has extensive experience in tackling the unique challenges iGaming operators face. Nuvei’s client portfolio includes leading iGaming operators in Europe as well as in the rapidly growing U.S. market.
“As our customer base continues to expand, so does the need for elegant solutions when it comes to fulfillment. As more U.S. states legalize sports betting, we are accelerating our expansion plans,” said PrizePicks CEO Adam Wexler. “Nuvei’s vast expertise in iGaming payments, along with their Cashier technology, is exactly what we need to keep the player experience for our customers seamless and enjoyable.”
About Nuvei
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
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