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
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
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
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
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
Also available—a high-end metal card with premium finish, elegance, and durability
Accelerate your transactions with virtual cards
Streamline vendor, consumer, and business payments with versatile virtual cards that cut costs and accelerate transactions.
Unify card issuing, acquiring, and settlement accounts on one seamless 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
Offer compatibility with Apple Pay and Google Pay wallets for seamless everyday use
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
Access API-driven reporting to power custom dashboards and real-time insights
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
Streamline iGaming payouts and digital asset transactions, ensuring speed, security, and global reach
Generate virtual cards to pay suppliers, simplifying complex payment ecosystems and reducing fraud
Unlock new possibilities with API-powered payment solutions
Connect and customize with ease through Nuvei’s flexible API suite.
Get instant and insightful control over reporting, security, and global reach.
Automate accounting with leading platforms to reduce manual work
Set limits and rules for teams and sub-teams in real time
Connect to major blockchain networks for seamless digital asset payments
Accept payments anywhere Visa is supported worldwide
Strengthen protection with the Arculus Card combining credentials, wallet storage, and authentication
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
Stablecoin Money Movement: blockchain-powered cross-border payouts that deliver faster settlement, lower FX costs in emerging markets, and full fund transparency, enabling local-in, local-out transfers without crypto exposure
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
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.
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
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 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
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
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
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
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 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
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.
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
Nuvei Optimize is your always‑on optimization engine. It quietly improves your conversions, reduces declines and recovers revenue at every stage of the transaction journey. Activate only the modules that match your strategy—so you’re always getting smarter, more efficient payments.
Remove unnecessary friction without compromising compliance
By optimizing your authentication strategy up front, you can balance security with speed, especially in markets with evolving regulations. Smarter authentication means your customers sail through checkout while you keep regulators and issuers happy.
3D Secure optimization: support for global and local 3DS schemes keeps your customers’ experience smooth
Exemptions management: smart logic applies exemptions where they make sense, so your genuine customers aren’t burdened by unnecessary steps
Soft decline handling: automatically initiates the 3DS flow when issuers require authentication, giving you another chance to convert
Send transactions through the rails that work hardest for you
Get the most out of every payment with intelligent routing that matches transactions to the best‑performing bank, network or local scheme. It’s orchestration that does the hard work for you, so you see more approvals without lifting a finger.
Direct scheme connections: enjoy more control and faster decisions by connecting directly to card networks
Local scheme routing: route transactions through local rails like Debit Routing (US), Cartes Bancaires (FR) or Bancontact (BE) to increase acceptance in local markets
Bank routing: dynamic logic based on card type, region and performance data ensures every transaction takes the most effective path
Make the moment of truth work harder for you
This is where approvals happen—or don’t. You maximize success by making transactions cleaner, more complete and easier for issuers to approve. When every detail counts, you’ll benefit from precision and smart enrichment.
Partial approval: capture what’s available so you never lose the sale
Account updater: keep card‑on‑file credentials fresh automatically, minimizing declines due to outdated details
Recover revenue with smarter retries
Not every payment goes through the first time. With Nuvei Optimize, failed transactions don’t mean failed revenue. Retry tools quietly re‑attempt declined payments, switch banks or offer a fallback method—all without disrupting your customer’s experience.
Auth messaging: adjust how a retry is presented to increase issuer acceptance
CVV reattempts: give soft-declined payments a second chance by re-validating credentials
Bank cascading: instantly try a backup bank for better recovery
Payment recovery: offer the customer an alternative method to complete the purchase
Full visibility. Real-time impact
Stay in control of your performance with the data, tools and expert support needed to keep things moving forward—even as the payment landscape evolves. Real‑time insights and hands‑on guidance help you make data-driven decisions, quickly.
Real-time insights: see what’s working and what isn’t so you can act immediately
Conversion analysts: hands‑on experts helping you launch and optimize your payment flows for peak performance
Collaborative issuer relations: benefit from direct relationships with issuers to improve logic and deliver better outcomes for your business
MONTREAL, July 24, 2025 – Nuvei today announced the addition of PINless debit and Least Cost Routing to its Authorization Optimization suite, improving its authorization rate for merchants in North America by up to 3.5 percentage points for applicable transactions.
PINless debit and least cost routing are available now in the U.S., enabling eligible transactions to bypass traditional card rails in favor of lower-cost local debit networks. Nuvei continues to invest in foundational technology that uses artificial intelligence, machine learning, and data analytics to improve payment routing, augment transaction flows, and optimize revenue recovery.
“These enhancements give merchants access to debit networks that can deliver both higher approval rates and lower processing costs,” said Phil Fayer, Chair and CEO of Nuvei. “Our smart routing engine gives merchants the flexibility to prioritize maximum approvals or cost efficiency based on their business objectives. It’s about putting optimization in their hands and helping them turn payments into profit.”
These enhancements are a key part of Nuvei’s strategy to expand its footprint in North America by delivering locally optimized performance. As regulatory changes, issuer behavior, and consumer payment preferences evolve across the region, Nuvei’s intelligent routing and authorization tools give merchants the control and flexibility needed to drive higher approvals, lower costs, and accelerate growth in one of the world’s most competitive payments markets.
Smarter Routing That Drives Revenue
Nuvei’s smart routing engine uses real-time AI and machine learning to analyze every transaction and determine the most effective path to approval based on issuer behavior, network logic, card metadata, and regional preferences. Key routing capabilities include:
Intelligent Routing – Routes transactions through the best-performing bank or card network
PINless Debit Routing (U.S.) – Routes eligible debit cards through lower-cost networks, with fallback to Visa/Mastercard
With debit transactions now making up over 53% of online card volumes in North America and recent regulatory changes enabling multi-network routing, Nuvei’s enhanced smart routing helps merchants optimize margin, performance, and speed without adding operational complexity.
Intelligent Authorization That Maximizes Conversion
Nuvei’s intelligent authorization stack ensures that once a transaction reaches the right place, it has the highest possible chance of being approved. These features work together to reduce friction, resolve soft declines, and adapt in real time to issuer requirements:
Smart Auth Messaging – Dynamically configures payloads and message formats based on issuer-specific logic
Network Tokens – Increases issuer trust and compatibility through Visa and Mastercard network tokens
One-Click Payments – Accelerates repeat transactions with frictionless token-based experiences
Smart Retry That Recovers Revenue Instantly
If a transaction fails, Nuvei’s Smart Retry capabilities step in to recover revenue in real time, with no disruption to the customer experience. Built into the Authorization Optimization Suite, Smart Retry uses advanced decisioning logic to analyze failure reasons and automatically reattempt transactions through the most promising alternate paths.
Nuvei’s Smart Retry engine includes:
Account Updater – Automatically refreshes expired or replaced card credentials
Bank Failover Routing – Routes the transaction to a backup bank or APM if the primary path declines
Auth Reconfiguration – Modifies message format dynamically based on issuer response codes
Full Visibility and Control with AI-Powered Insights
Nuvei’s Control Layer provides merchants with deep visibility into performance, real-time alerts, and actionable analytics. By combining AI-powered tools with expert human support, Nuvei helps businesses not only understand how their payments are performing, but actively improve them.
Key analytics and insights tools include:
AI-Powered Approval Analysis – Automatically identifies unrealized approval opportunities by issuer, region, or transaction type
Performance Insights & Trend Monitoring – Tracks improvements in authorization success over time
Risk & Reporting Dashboards – Visualize fraud, scheme behavior, and exceptions in real time
About Nuvei
Nuvei is accelerating the business of clients around the world. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
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.
MONTREAL and LONDON, March 29, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has added pay-in and payout support for nearly 40 of the world’s leading cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, NEO, Ripple and more. Now, eCommerce merchants can join the cryptocurrency revolution, offering innovative payment methods to access more customers around the world, even in previously hard to reach countries.
Mainstream adoption of cryptocurrencies has steadily increased, with the current estimated global market capitalization reaching approximately $1.6 trillion, according to CoinMarketCap. As the number of cryptocurrency holders continues to expand, merchants stand to grow their overall market share by accepting it as another alternative payment method (APM).
With consumer shopping habits trending increasingly more global – thanks to the ease of purchasing from any site in any country – supporting cryptocurrencies represents a sizable market opportunity for merchants to attract more buyers worldwide. Additionally, cryptocurrency payments are increasingly becoming more significant for industries offering large ticket and high volume goods and services.
“We’re excited to provide yet another pioneering solution that empowers our clients, large and small, with frictionless payment experiences and a greater opportunity to partake in a global marketplace,” said Philip Fayer, Nuvei’s chairman and CEO. “Nuvei continuously strives to offer the most relevant payment mediums for our clients and their customers. Our cryptocurrency support provides convenient, secure and instant transaction processing through a single integration.”
Active in over 200 global markets, Nuvei enables access to the most popular cryptocurrencies in addition to supporting nearly 150 local currencies and over 455 APMs. Merchants can now further conduct business across borders, as well as beyond the bounds of the fiat ecosystem. This provides the Company’s merchants with greater reach to consumers worldwide, and the agility to meet demand for additional payment preferences. They also benefit from enhanced security, privacy and integrity of transactions inherent with cryptocurrencies.
With the addition of cryptocurrencies to its platform, Nuvei can now also facilitate transactions for the world’s growing interest in Non-Fungible Tokens (NFTs) – certifiably singular digital files that represent tangible and intangible items, underpinned by blockchain technology. NFTs include digital artwork, videos, collectables and other one-of-a-kind assets for cryptocurrency art enthusiasts and investors. As of this year, total sales of NFTs have surpassed $174 million, according to NonFungible.com, which monitors the cryptocurrency collectable market.
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 offers direct connections to all major payment card schemes in over 200 markets worldwide, supports 455 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies. Our purpose is to make our world a local marketplace.
MONTREAL, April 26, 2023 – Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announced it will release its first quarter 2023 financial results before market open on Wednesday, May 10, 2023. 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.
conference call will be webcast live from the Company’s investor relations website at https://investors.nuvei.com under the “Events & Presentations” section. An audio 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). An audio replay will be available approximately 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 13737501. The audio replay will be available for two weeks, through Wednesday, May 24, 2023.
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 45+ markets, 150 currencies and more than 600 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards (“IFRS”)
MONTREAL, AUGUST 6, 2024 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today reported its financial results for the three and six months ended June 30, 2024.
Financial Highlights for the Three Months Ended June 30, 2024 Compared to 2023:
Total volume(a) increased by 22% to $61.7 billion from $50.6 billion;
Revenue increased by 13% to $345.5 million from $307.0 million;
Net income decreased by 54% to $5.3 million from $11.6 million;
Adjusted EBITDA(b) increased by 6% to $116.8 million from $110.3 million;
Adjusted net income(b) increased by 8% to $62.6 million from $58.1 million;
Net income per diluted share decreased to $0.02 from $0.07;
Adjusted net income per diluted share(b) increased by 5% to $0.41 from $0.39 ;
Adjusted EBITDA less capital expenditures(b) increased to $96.4 million from $95.9 million.
Financial Highlights for the Six Months Ended June 30, 2024 Compared to 2023:
Total volume(a) increased by 31% to $121.8 billion from $93.0 billion;
Revenue increased 21% to $680.6 million from $563.5 million;
Net income decreased by 84% to $0.5 million from $3.3 million;
Adjusted EBITDA(b) increased by 12% to $231.6 million from $206.6 million;
Adjusted net income(b) increased by 2% to $125.1 million from $122.5 million;
Net loss per diluted share was $0.02 compared to net income per diluted share of $0.00;
Adjusted net income per diluted share(b) was stable at $0.83;
Adjusted EBITDA less capital expenditures(b) increased by 9% to $195.5 million from $179.5 million; and,
Cash dividends declared were $28.2 million.
(a) Total volume does not represent revenue earned by the Company, but rather the total dollar value of transactions processed by merchants under contractual agreement with the Company. See “Non-IFRS and Other Financial Measures”.
(b) Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per diluted share and Adjusted EBITDA less capital expenditures are non-IFRS measures and non-IFRS ratios. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. See “Non-IFRS and Other Financial Measures”.
Proposed take private transaction
As previously announced, on April 1, 2024 the Company entered into a definitive arrangement agreement to be taken private by Advent International (“Advent”), one of the world’s largest and most experienced global private equity investors, as well as a longstanding sponsor in the payments space, alongside existing Canadian shareholders Philip Fayer, certain investment funds managed by Novacap Management Inc. and Caisse de dépôt et placement du Québec, in an all-cash transaction which values the Company at an enterprise value of approximately $6.3 billion (the “Proposed transaction”). Advent will acquire all the issued and outstanding Subordinate Voting Shares and any Multiple Voting Shares (collectively the “Shares”) that are not Rollover Shares , for a price of $34.00 per Share, in cash. This price represents an attractive and significant premium of approximately 56% to the closing price of the Subordinate Voting Shares on the Nasdaq Global Select Market (“Nasdaq”) on March 15, 2024, the last trading day prior to media reports concerning a potential transaction involving the Company, and a premium of approximately 48% to the 90-day volume weighted average trading price per Subordinate Voting Share as of such date.
The Proposed transaction will be implemented by way of a statutory plan of arrangement under the Canada Business Corporations Act. The Proposed transaction was approved by shareholders at a special meeting held on June 18, 2024 and received court approval on June 20, 2024. The proposed transaction remains subject to customary closing conditions, including receipt of key regulatory approvals (a number of which were received and/or for which the waiting period has expired as of the date hereof, with several approvals remaining outstanding), is not subject to any financing condition and, assuming the timely receipt of all required key regulatory approvals, is expected to close in late 2024 or the first quarter of 2025.
Following completion of the transaction, it is expected that the Subordinate Voting Shares will be delisted from each of the Toronto Stock Exchange and the Nasdaq and that Nuvei will cease to be a reporting issuer in all applicable Canadian jurisdictions and will deregister the Subordinate Voting Shares with the U.S. Securities and Exchange Commission (the “SEC”).
Cash Dividend
Nuvei today announced that its Board of Directors has authorized and declared a cash dividend of $0.10 per Subordinate Voting Share and Multiple Voting Share, payable on September 5, 2024 to shareholders of record on August 20, 2024. The aggregate amount of the dividend is expected to be approximately $14 million, to be funded from the Company’s existing cash on hand.
The Company, for the purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation, designates the dividend declared for the quarter ended June 30, 2024, and any future dividends, to be eligible dividends. The Company further expects to report such dividends as a dividend to U.S. shareholders for U.S. federal income tax purposes. Subject to applicable limitations, dividends paid to certain non-corporate U.S. shareholders may be eligible for taxation as “qualified dividend income” and therefore may be taxable at rates applicable to long-term capital gains. A U.S. shareholder should talk to its advisor regarding such dividends, including with respect to the “extraordinary dividend” provisions of the Internal Revenue Code (US).
The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors, as more fully described under the heading “Forward-Looking Information” of this press release.
Conference Call, Financial Outlook and Growth Targets
In light of the Proposed transaction, Nuvei no longer holds earnings conference calls or provides its financial outlook or growth targets.
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 716 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
Nuvei’s condensed interim consolidated financial statements have been prepared in accordance with IFRS applicable to the preparation of interim financial statements, including IAS 34, Interim Financial Reporting, as issued by the IASB. The information presented in this press release includes non-IFRS financial measures, non-IFRS financial ratios and supplementary financial measures, namely Adjusted EBITDA, Adjusted net income, Adjusted net income per basic share, Adjusted net income per diluted share, Adjusted EBITDA less capital expenditures and Total volume. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of our results of operations from our perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company’s financial statements reported under IFRS. These measures are used to provide investors with additional insight of our operating performance and thus highlight trends in Nuvei’s business that may not otherwise be apparent when relying solely on IFRS measures. We also believe that securities analysts, investors and other interested parties frequently use these non-IFRS and other financial measures in the evaluation of issuers. We also use these measures to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. We believe these measures are important additional measures of our performance, primarily because they and similar measures are used widely among others in the payment technology industry as a means of evaluating a company’s underlying operating performance.
Non-IFRS Financial Measures
Adjusted EBITDA: We use Adjusted EBITDA as a means to evaluate operating performance, by eliminating the impact of non-operational or non-cash items. Adjusted EBITDA is defined as net income (loss) before finance costs (recovery), finance income, depreciation and amortization, income tax expense, acquisition, integration and severance costs, share-based payments and related payroll taxes, loss (gain) on foreign currency exchange, and legal settlement and other.
Adjusted EBITDA less capital expenditures: We use Adjusted EBITDA less capital expenditures (which we define as acquisition of intangible assets and property and equipment) as a supplementary indicator of our operating performance.
Adjusted net income: We use Adjusted net income as an indicator of business performance and profitability with our current tax and capital structure. Adjusted net income is defined as net income (loss) before acquisition, integration and severance costs, share-based payments and related payroll taxes, loss (gain) on foreign currency exchange, amortization of acquisition-related intangible assets, and the related income tax expense or recovery for these items. Adjusted net income also excludes change in redemption value of liability-classified common and preferred shares, change in fair value of share repurchase liability and accelerated amortization of deferred financing fees and legal settlement and other.
Non-IFRS Financial Ratios
Adjusted net income per basic share and per diluted share: We use Adjusted net income per basic share and per diluted share as an indicator of performance and profitability of our business on a per share basis. Adjusted net income per basic share and per diluted share means Adjusted net income less net income attributable to non-controlling interest divided by the basic and diluted weighted average number of common shares outstanding for the period, respectively. The number of share-based awards used in the diluted weighted average number of common shares outstanding in the Adjusted net income per diluted share calculation is determined using the treasury stock method as permitted under IFRS.
Supplementary Financial Measures
We monitor the following key performance indicators to help us evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. Our key performance indicators may be calculated in a manner that differs from similar key performance indicators used by other companies.
Total volume: We believe Total volume is an indicator of performance of our business. Total volume and similar measures are used widely among others in the payments industry as a means of evaluating a company’s performance. We define Total volume as the total dollar value of transactions processed in the period by customers under contractual agreement with us. Total volume does not represent revenue earned by us. Total volume includes acquiring volume, where we are in the flow of funds in the settlement transaction cycle, gateway/technology volume, where we provide our gateway/technology services but are not in the flow of funds in the settlement transaction cycle, as well as the total dollar value of transactions processed relating to APMs and payouts. Since our revenue is primarily sales volume and transaction-based, generated from merchants’ daily sales and through various fees for value-added services provided to our customers, fluctuations in Total volume will generally impact our revenue.
Forward-Looking Information
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “Forward-looking information”) within the meaning of applicable securities laws. Such forward-looking information may include, without limitation, information with respect to our objectives and the strategies to achieve these objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, estimates and intentions. This forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, or “continue”, the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Particularly, information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate, expectations regarding industry trends and the size and growth rates of addressable markets, our business plans and growth strategies, addressable market opportunity for our solutions, expectations regarding growth and cross-selling opportunities and intention to capture an increasing share of addressable markets, the costs and success of our sales and marketing efforts, intentions to expand existing relationships, further penetrate verticals, enter new geographical markets, expand into and further increase penetration of international markets, intentions to selectively pursue and successfully integrate acquisitions, and expected acquisition outcomes, cost savings, synergies and benefits, including with respect to the acquisition of Paya, future investments in our business and anticipated capital expenditures, our intention to continuously innovate, differentiate and enhance our platform and solutions, expected pace of ongoing legislation of regulated activities and industries, our competitive strengths and competitive position in our industry, and expectations regarding our revenue, revenue mix and the revenue generation potential of our solutions and expectations regarding our margins and future profitability, as well as statements regarding the Proposed transaction with Advent International L.P., alongside existing Canadian shareholders Philip Fayer, certain investment funds managed by Novacap Management Inc., and Caisse de dépôt et placement du Québec, including the proposed timing and various steps contemplated in respect of the transaction and statements regarding the plans, objectives, and intentions of Philip Fayer, certain investment funds managed by Novacap Management Inc., Caisse de dépôt et placement du Québec or Advent, are forward-looking information. Economic and geopolitical uncertainties, including regional conflicts and wars, including potential impacts of sanctions, may also heighten the impact of certain factors described herein.
In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances.
Forward-looking information is based on management's beliefs and assumptions and on information currently available to management, regarding, among other things, assumptions regarding foreign exchange rate, competition, political environment and economic performance of each region where the Company operates and general economic conditions and the competitive environment within our industry, including the following assumptions: (a) the Company will continue to effectively execute against its key strategic growth priorities, without any material adverse impact from macroeconomic or geopolitical headwinds on its or its customers' business, financial condition, financial performance, liquidity or any significant reduction in demand for its products and services, (b) the economic conditions in our core markets, geographies and verticals, including resulting consumer spending and employment, remaining at close to current levels, (c) assumptions as to foreign exchange rates and interest rates, including inflation, (d) the Company's continued ability to manage its growth effectively, (e) the Company's ability to continue to attract and retain key talent and personnel required to achieve its plans and strategies, including sales, marketing, support and product and technology operations, in each case both domestically and internationally, (f) the Company’s ability to successfully identify, complete, integrate and realize the expected benefits of past and recent acquisitions and manage the associated risks, as well as future acquisitions, (g) the absence of adverse changes in legislative or regulatory matters, (h) the Company’s continued ability to upskill and modify its compliance capabilities as regulations change or as the Company enters new markets or offers new products or services, (i) the Company’s continued ability to access liquidity and capital resources, including its ability to secure debt or equity financing on satisfactory terms, and (j) the absence of adverse changes in current tax laws. Unless otherwise indicated, forward-looking information does not give effect to the potential impact of any mergers, acquisitions, divestitures or business combinations that may be announced or closed after the date hereof. Although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, investors are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information.
Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail under “Risk Factors” of the Company's annual information form ("AIF") and the “Risk Factor’s” in the Company’s management’s discussion and analysis of financial condition and results of operations for the three months ended June 30, 2024 (“MD&A”), such as: risks relating to our business, industry and overall economic uncertainty; the rapid developments and change in our industry; substantial competition both within our industry and from other payments providers; challenges implementing our growth strategy; challenges to expand our product portfolio and market reach; changes in foreign currency exchange rates, interest rates, consumer spending and other macroeconomic factors affecting our customers and our results of operations; challenges in expanding into new geographic regions internationally and continuing our growth within our markets; challenges in retaining existing customers, increasing sales to existing customers and attracting new customers; reliance on third-party partners to distribute some of our products and services; risks associated with future acquisitions, partnerships or joint-ventures; challenges related to economic and political conditions, business cycles and credit risks of our customers, such as wars like the Russia-Ukraine and Middle East conflicts and related economic sanctions; the occurrence of a natural disaster, a widespread health epidemic or pandemic or other similar events; history of net losses and additional significant investments in our business; our level of indebtedness; challenges to secure financing on favorable terms or at all; difficulty to maintain the same rate of revenue growth as our business matures and to evaluate our future prospects; inflation; challenges related to a significant number of our customers being small and medium businesses ("SMBs"); a certain degree of concentration in our customer base and customer sectors; compliance with the requirements of payment networks; reliance on, and compliance with, the requirements of acquiring banks and payment networks; challenges related to the reimbursement of chargebacks from our customers; financial liability related to the inability of our customers (merchants) to fulfill their requirements; our bank accounts being located in multiple territories and relying on banking partners to maintain those accounts; decline in the use of electronic payment methods; loss of key personnel or difficulties hiring qualified personnel; deterioration in relationships with our employees; impairment of a significant portion of intangible assets and goodwill; increasing fees from payment networks; misappropriation of end-user transaction funds by our employees; frauds by customers, their customers or others; coverage of our insurance policies; the degree of effectiveness of our risk management policies and procedures in mitigating our risk exposure; the integration of a variety of operating systems, software, hardware, web browsers and networks in our services; the costs and effects of pending and future litigation; various claims such as wrongful hiring of an employee from a competitor, wrongful use of confidential information of third parties by our employees, consultants or independent contractors or wrongful use of trade secrets by our employees of their former employers; deterioration in the quality of the products and services offered; managing our growth effectively; challenges from seasonal fluctuations on our operating results; changes in accounting standards; estimates and assumptions in the application of accounting policies; risks associated with less than full control rights of some of our subsidiaries and investments; challenges related to our holding company structure; impacts of climate change; development of AI and its integration in our operations, as well as risks relating to intellectual property and technology, risks related to data security incidents, including cyber-attacks, computer viruses, or otherwise which may result in a disruption of services or liability exposure; challenges regarding regulatory compliance in the jurisdictions in which we operate, due to complex, conflicting and evolving local laws and regulations and legal proceedings and risks relating to our Subordinate Voting Shares. These risks and uncertainties further include (but are not limited to) as concerns the Proposed transaction with Advent, the failure of the parties to obtain the necessary regulatory approvals or to otherwise satisfy the conditions to the completion of the transaction, failure of the parties to obtain such approvals or satisfy such conditions in a timely manner, significant transaction costs or unknown liabilities, failure to realize the expected benefits of the transaction, and general economic conditions. Failure to obtain the necessary shareholder, regulatory and court approvals, or the failure of the parties to otherwise satisfy the conditions to the completion of the transaction or to complete the transaction, may result in the transaction not being completed on the proposed terms, or at all. In addition, if the transaction is not completed, and the Company continues as a publicly-traded entity, there are risks that the announcement of the Proposed transaction and the dedication of substantial resources of the Company to the completion of the transaction could have an impact on its business and strategic relationships (including with future and prospective employees, customers, suppliers and partners), operating results and activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects. Furthermore, in certain circumstances, the Company may be required to pay a termination fee pursuant to the terms of the arrangement agreement which could have a material adverse effect on its financial position and results of operations and its ability to fund growth prospects and current operations.
Our dividend policy is at the discretion of the Board. Any future determination to declare cash dividends on our securities will be made at the discretion of our Board, subject to applicable Canadian laws, and will depend on a number of factors, including our financial condition, results of operations, capital requirements, contractual restrictions (including covenants contained in our credit facilities), general business conditions and other factors that our Board may deem relevant. Further, our ability to pay dividends, as well as make share repurchases, will be subject to applicable laws and contractual restrictions contained in the instruments governing our indebtedness, including our credit facility. Any of the foregoing may have the result of restricting future dividends or share repurchases.
Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein represents our expectations as of the date hereof or as of the date it is otherwise stated to be made, as applicable, and is subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
(i) professional, legal, consulting, accounting and other fees and expenses related to our acquisition and financing activities, including the expenses related to the Proposed transaction. For the three months and six months ended June 30, 2024, these expenses were $4.2 million and $14.5 million ($1.1 million and $19.6 million for the three months and six months ended June 30, 2023). These costs are presented in the professional fees line item of selling, general and administrative expenses.
(ii) acquisition-related compensation was $0.6 million and $1.7 million for the three months and six months ended June 30, 2024 and $0.7 million and $2.8 million for the three months and six months ended June 30, 2023. These costs are presented in the employee compensation line item of selling, general and administrative expenses.
(iii) change in deferred purchase consideration for previously acquired businesses. No amount was recognized for the three months and six months ended June 30, 2024 and 2023. These amounts are presented in the contingent consideration adjustment line item of selling, general and administrative expenses.
(iv) severance and integration expenses, which were $0.2 million and $0.5 million for the three months and six months ended June 30, 2024 ($4.8 million and $9.5 million for three months and six months ended June 30, 2023). These expenses are presented in selling, general and administrative expenses and cost of revenue.
(b) These expenses are recognized in connection with stock options and other awards issued under share-based plans as well as related payroll taxes that are directly attributable to share-based payments. For the three months and six months ended June 30, 2024, the expenses consisted of non-cash share-based payments of $20.6 million and $50.4 million ($35.9 million and $71.4 million for the three months and six months ended June 30, 2023), $4.1 million and $4.3 million for related payroll taxes ($0.4 million and $0.9 million for the three months and six months ended June 30, 2023),
(c) This primarily represents legal settlements and associated legal costs, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in selling, general and administrative expenses. For the six months ended June 30, 2024, the gain consisted mainly of a gain on business combination of $4.0 million.
(a) This line item relates to amortization expense taken on intangible assets created from the purchase price adjustment process on acquired companies and businesses and resulting from a change in control of the Company.
(b) These expenses relate to:
(i) professional, legal, consulting, accounting and other fees and expenses related to our acquisition and financing activities, including the expenses related to the Proposed transaction. For the three months and six months ended June 30, 2024, these expenses were $4.2 million and $14.5 million ($1.1 million and $19.6 million for the three months and six months ended June 30, 2023). These costs are presented in the professional fees line item of selling, general and administrative expenses.
(ii) acquisition-related compensation was $0.6 million and $1.7 million for the three months and six months ended June 30, 2024 and $0.7 million and $2.8 million for the three months and six months ended June 30, 2023. These costs are presented in the employee compensation line item of selling, general and administrative expenses.
(iii) change in deferred purchase consideration for previously acquired businesses. No amount was recognized for the three months and six months ended June 30, 2024 and 2023. These amounts are presented in the contingent consideration adjustment line item of selling, general and administrative expenses.
(iv) severance and integration expenses, which were $0.2 million and $0.5 million for the three months and six months ended June 30, 2024 ($4.8 million and $9.5 million for the three months and six months ended June 30, 2023). These expenses are presented in selling, general and administrative expenses and cost of revenue.
(c) These expenses are recognized in connection with stock options and other awards issued under share-based plans as well as related payroll taxes that are directly attributable to share-based payments. For the three months and six months ended June 30, 2024, the expenses consisted of non-cash share-based payments of $20.6 million and $50.4 million ($35.9 million and $71.4 million for the three months and six months ended June 30, 2023), $4.1 million and $4.3 million for related payroll taxes ($0.4 million and $0.9 million for the three months and six months ended June 30, 2023).
(d) This primarily represents legal settlements and associated legal costs, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in selling, general and administrative expenses. For the three months ended June 30, 2024, the gain consisted mainly of a gain on business combination of $4.0 million.
(e) This line item reflects income tax expense on taxable adjustments using the tax rate of the applicable jurisdiction.
(f) The number of share-based awards used in the diluted weighted average number of common shares outstanding in the Adjusted net income per diluted share calculation is determined using the treasury stock method as permitted under IFRS.
[1] Philip Fayer, Novacap and CDPQ (together with entities they control directly or indirectly, collectively, the "Rollover Shareholders") have agreed to roll approximately 95%, 65% and 75%, respectively, of their Shares (the "Rollover Shares") and are expected to receive in aggregate approximately US$560 million in cash for the Shares sold on closing. Philip Fayer, Novacap and CDPQ are expected to indirectly own or control approximately 24%, 18% and 12%, respectively, of the equity in the resulting private company. Percentages and amount of expected cash proceeds are based on current assumed cash position and are subject to change as a result of cash generated before closing.
MONTREAL, May 6, 2021 –Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has entered into a definitive agreement to acquire SimplexCC Ltd. (“Simplex”), a fintech startup providing the fiat infrastructure to the cryptocurrency industry, for approximately $250 million to be paid in cash. The transaction is subject to customary closing conditions, including regulator approval, and is expected to close in the second half of 2021.
Founded in 2014, Simplex has grown into a leading fiat-cryptocurrency gateway connecting market participants including exchanges, brokers, wallet and liquidity providers. Simplex delivers the infrastructure for users to buy or sell cryptocurrencies (i.e. on-ramp/off-ramp capabilities) using credit and debit cards. Through its proprietary fraud and risk management tools, Simplex provides a zero-chargeback guarantee to its customers, resulting in higher conversion rates. In addition, the acquisition will provide Nuvei with an electronic money institution (EMI) license to offer IBAN accounts to end users and corporations, and offers future banking and card issuing capabilities. As a principal member of the Visa network, Simplex has permission to issue Visa cards, giving its consumers access to digital currencies daily. Simplex processed approximately $500 million of total volume* in 2020 and is expected to process more than $2.0 billion of total volume* in 2021.
“We expect Simplex to enhance and expand Nuvei’s steadily growing portfolio of alternative payment methods, adding turnkey simplicity to the process of buying and selling cryptocurrency and converting it back to fiat within a user account – ultimately reducing complexity for merchants and consumers,” said Philip Fayer, Nuvei’s Chair and CEO. “Simplex’s infrastructure is a natural fit for Nuvei’s Native Commerce Platform, further strengthening the capabilities and overall value proposition of our single-integration approach to payments. We are excited to welcome Simplex to the Nuvei team.”
“Today is a very special day for all of the Simplex team, as well as the entire cryptocurrency community,” said Nimrod Lehavi, Simplex’s Co-founder and CEO. “By joining Nuvei, Simplex will be able to fulfill its promise of bridging the gap between the blockchain space and the traditional finance world. We couldn’t have thought of a better partner for us, and we are excited for what the future holds.”
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 connects merchants in 200 markets worldwide with local acquiring in 44 markets, supports 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies. Our purpose is to make our world a local marketplace.
Simplex has been changing the status quo of crypto on/off ramps since 2014. As the market leader, Simplex pioneered the first riskless global fiat onramp using a credit and debit card, which promises a zero chargeback guarantee. Simplex Banking offers the Simplex fraudless payment processing, with global payment accessibility. Working alongside recognized leaders in the crypto ecosystem, Simplex provides robust fiat infrastructure for the cryptocurrency ecosystem. As a licensed EU financial institution, Simplex was selected as one of the 10 most impactful companies in blockchain in 2020. Put simply, Simplex is making crypto accessible to all, turning the complex into the Simplex. Keep up with the latest Simplex news by following us on Twitter or visiting www.simplex.com.
*Total volume does not represent revenue earned by Simplex, but rather the total dollar value of transactions processed by merchants under contractual agreement with Simplex. 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.
Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable securities laws. 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 Nuvei’s ability to satisfy all closing conditions, to close the transaction within the anticipated timeline, as well as Nuvei’s ability to integrate Simplex, accelerate its development timeline and increase its sales. 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.
MONTREAL and LONDON, June 3, 2020 – Nuvei, a global payment technology provider, today announces the appointment of Motie Bring as Chief Commercial Officer. Bring will oversee the commercial strategy and development of Nuvei’s global unified acquiring business, while evolving its digital go-to-market channels.
Bring has over 18 years of experience in payments, holding various management and leadership positions in related industries. He served the last seven years in senior management roles at WorldPay (acquired by FIS in 2019), most recently as General Manager EMEA, Global Enterprise eCommerce, while also heading up the global commercial gambling teams. Prior to this, he was responsible for leading the company’s iGaming and digital content relationship management groups.
“I’m thrilled that Motie is joining our executive leadership team in this integral role. His background in delivering unified commerce solutions for some of the largest brands in the world is an exciting value proposition,” said Philip Fayer, Nuvei’s chairman and CEO. “Motie’s deep experience in a range of verticals, including regulated industries, is essential as we rapidly accelerate our global acquiring initiatives.”
Reporting to Yuval Ziv, Managing Director of SafeCharge and Nuvei’s head of global acquiring, Bring will be responsible for leading Nuvei’s next wave of international eCommerce growth. Bring has a proven track record of guiding performance-driven teams and successfully implementing card-not-present payment strategies across multiple industries and platforms.
“Motie is a highly esteemed executive in the payments industry with an enviable portfolio of accomplishments,” said Ziv. “I look forward to working directly with him to continue our ambitious global growth plans. His diverse payments experience across geographies, products and vertical markets will be vital in driving our continued commercial success worldwide.”
Bring is a prolific speaker at payment industry events and is a regular contributor to the press on all matters related to payments and eCommerce.
“Nuvei has grown immensely since its acquisition of SafeCharge late last year, and I am excited to be coming into the fold at such a critical period,” said Bring. “I see virtually limitless commercial opportunities on the horizon, and I am looking forward to defining and executing on Nuvei’s next level of global expansion.”
MB WAY is a widely trusted Portuguese mobile payment service managed by SIBS, enabling users to pay, transfer funds, and generate virtual cards using their mobile phone number linked to participating bank cards. Through Nuvei, merchants can offer instant, authenticated payments via app confirmation—boosting security and conversion.
Verified Faster Payments, offered by Nuvei, provides a secure and efficient way to verify payment information, helping you minimize fraud and streamline your payment processes.
SCB Easy provides a comprehensive mobile banking solution in Thailand, enabling businesses to accept payments and offering customers full account management capabilities. Developed by Siam Commercial Bank, it allows users to make payments, transfer funds, and manage their accounts conveniently from their mobile devices, streamlining financial transactions for both merchants and consumers.
Siam Commercial Bank provides efficient real-time bank transfer solutions in Thailand, offering businesses a fast and reliable way to accept payments. It leverages advanced banking technology to ensure immediate transaction processing, improving cash flow and customer satisfaction.
