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The new offering enables a wide range of new use cases and cross-selling opportunities.
MONTREAL, Nov. 29, 2023/PRNewswire/ — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian financial technology company, today announces that it has launched its issuance solution of cards in 30 markets worldwide. Nuvei clients can now offer their clients, employees or contractors white label physical and virtual cards.
The company’s global acquisition footprint, combined with newly launched issuance capability, creates a differentiated value proposition for both Nuvei and its customers. The combination of issuing and acquiring capabilities delivers revenue-accelerating benefits to clients through same-day funding, on-us processing, exchange optimization and instant transaction reporting.
The new offering is currently available in 30 markets in the European Economic Area, with launch in the UK, US and Latin America scheduled for 2024.
The new service will offer businesses a variety of use cases, including:
There are multiple benefits that cards issued by Nuvei can provide to companies, their employees and their clients. These include:
Commenting on the announcement, Nuvei President and CEO Philip Fayer said: “We are delighted to launch card issuance as an additional module to our complete technology platform. This solution has practical applications for our clients, benefiting their customers by improving their own working capital and simplify their administrative processing. The launch of our card issuance solution is another example of our dedication to finding new ways to accelerate our clients’ business in the different verticals in which we operate, while at the same time we grow our own total addressable market.”
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian financial technology company accelerating business for clients around the world. Nuvei’s modular, flexible and scalable technology enables leading businesses to accept next-generation payments, offer all payment options and benefit from card issuance, banking, risk management and fraud services. By connecting businesses to their customers in over 200 markets, with local procurement in over 47 markets, 150 currencies and 669 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally. with a single integration.
For more information, visit www.nuvei.com
NVEI-IR
Contact:
Public Relationssalexandra.bucur@nuvei.com
Investor RelationsIR@nuvei.com
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