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随时了解 Nuvei 有关支付、创新和战略的最新信息,加速您的业务发展。
通过 Interac 和即时银行转账实现无缝金融交易。随时随地享受快速、安全的支付。
在线或通过电话轻松快捷地进行交易,并提供即时支付选项,实现快速资金流动。我们可靠的解决方案具有强大的安全性和可定制的防欺诈功能,可提供全面、透明的报告,为您带来便利。
将 Interac 轻松集成到您的支付系统中,为您的业务增添动力。通过账户间直接转账,体验闪电般快速的支付。
与加拿大金融机构强大的银行间网络合作,每年处理数十亿笔交易。
了解即时银行转账 (IBT),您在加拿大进行安全无缝支付验证的终极解决方案。
IBT 简化了存款和取款流程,同时确保一流的身份验证。请相信 IBT 最先进的风险管理技术,它将保障您的交易安全,并为您提供无忧体验。
客户和企业可在几秒钟内即时付款和收款。
提高转换率,改进用户路径,提供流畅的、以移动为中心的客户旅程。
使用 "快速支付 "和 "银行转账支付 "实现无缝金融交易。随时随地享受快速、安全的支付。
在线或通过电话轻松快捷地进行交易,并提供即时支付选项,实现快速资金流动。我们可靠的解决方案具有强大的安全性和可定制的防欺诈功能,可提供全面、透明的报告,为您带来便利。
体验即时转账,绕过银行卡网络限制,利用值得信赖的银行连接。
通过 Faster Payments 网络进行处理,既省时又省钱,同时还能提供可靠、实惠的信用卡替代方案。
使用由美国运通提供但所有人都可以使用的 "银行转账支付",直接从您的银行账户进行安全、无忧的支付。
客户和企业可在几秒钟内即时付款和收款。
提高转换率,改进用户路径,提供流畅的、以移动为中心的客户旅程。
使用 SEPA 和 SEPA 即时信用转账实现无缝金融交易。随时随地享受快速、安全的支付。
在线或通过电话轻松快捷地进行交易,并提供即时支付选项,实现快速资金流动。我们可靠的解决方案具有强大的安全性和可定制的防欺诈功能,可提供全面、透明的报告,为您带来便利。
SEPA(单一欧元支付区)改变了欧盟的无现金交易,为所有参与者提供全天候的快速欧元转账和近乎即时的处理。
只需一次集成,就能为您的运营增添动力,更快地完成订单,并通过闪电般快速的实时支付促进现金流。无论客户身在何处,都能为他们提供无与伦比的便利。
客户和企业可利用其信任的银行关系在几秒钟内完成付款和收款。
提高转换率,改进用户路径,提供流畅的、以移动为中心的客户旅程。通过消除与银行卡网络相关的费用,降低支付处理费用。
保护客户数据,防止欺诈。使用我们有保障的解决方案,告别扣款。
发现 Nuvei 的美国银行转账服务,实现无缝、快速和安全支付。利用 ACH、RTP 和 FedNow 网络进行灵活转账。
享受轻松交易、即时支付选项和透明报告。我们的资金保证为您的业务保驾护航。
为您的客户提供经济、便捷的支付解决方案。直接从银行账户扣款,用于单笔或重复交易。
通过自动清算所 (ACH)、实时支付 (RTP®) 和 FedNow 处理,节省时间和金钱。
Nuvei 的 "保证资金 "保险解决方案可有效降低支付风险,该解决方案旨在保护企业免受因未经授权的退回支付而造成的潜在损失。
确保防止未付交易和欺诈。我们承担风险并处理收款,让您专注于业务。
保证所有退货的资金,包括未经授权的退货。快速商户融资,加快结算和付款速度。
利用智能审批逻辑防止欺诈并减少退货。我们提供三种验证级别,以满足您独特的业务需求。
增强安全性、实时验证和商业上合理的银行账户验证。
功能强大的插件,可提供更深层次的验证和更强的防欺诈功能。
通过提供客户银行账户的最新状态,减少行政和无故障退货。
Check 21+ 是一种先进的支付解决方案,允许商家以电子方式处理纸质支票。
有了这项创新技术,商户就可以告别耗时的银行之旅,享受更快、更安全的处理过程。
了解 Nuvei 的无缝发卡支付解决方案,包括可定制的实体卡和虚拟卡、统一收单和发卡以及数据驱动的洞察力。
就像一辆经过精心调校的赛车,支付流程中的每一个微小改进都能带来巨大的增长。使用 Nuvei 的发卡解决方案,最大限度地提高您的批准率和收入。
使用 Nuvei 可定制的实体卡提升您的品牌。
将您的品牌装进客户的钱包,让他们能够用您的卡支付日常开支。
利用多功能虚拟卡简化供应商、消费者和企业支付,降低成本并加快交易速度。
在一个无缝平台上统一发卡、收单和结算账户。
借助 Nuvei 以数据为导向的洞察力,最大限度地提高您的收入并做出明智的业务决策。
Nuvei 强大的报告技术可让您查看全面的支付数据和详细的交易信息 - 全都能在单一平台上实现。
使用 Nuvei 量身定制的支付方式,将您的企业推向领先地位。
我们的签发解决方案使您能够从更简单、更快速的客户付款、创新的应付账款功能以及简化的 B2B 差旅中获益。
通过 Nuvei 灵活的 API 套件轻松实现连接和定制。
对报告、安全性和全球覆盖范围进行即时和深入的控制。
使用 Nuvei 的实时支付促进您的业务发展。体验无缝、即时的交易处理,通过安全的支付解决方案提高现金流并保持合规性。
在我们可定制的欺诈预防和资金保证的支持下,享受快速、轻松的在线或电话交易。得益于清晰、详细的报告,实现完全透明。
为什么要等待?利用我们即时支付解决方案,体验极速资金转账。轻松快速精简您的财务运营,让您的客户满意。
利用我们的全球提供商网络,掌握即时、实时支付的力量。我们广泛的业务范围可提供无与伦比的银行和国家/地区覆盖,从而让您始终站在金融世界的最前沿。
提高您的收入,为全球客户提供卓越的便利,从而以现在的速度促进增长。
迎接由简化的直观体验取代复杂的交易流程的世界。
这种转变不仅能提高转化率,而且还能降低处理成本,实现强化的安全环境。
使用 Nuvei 体验经济、可靠和快速的银行转账。在全球范围内简化您的支付处理流程、提高客户满意度并提升转换率。
利用我们的快速和即时支付选项可满足您组织的快节奏发展的需求,为发展铺平道路。我们的开放银行技术和广泛的全球合作伙伴关系可为您提供竞争优势。所有主要市场和网络,只需单个集成即可。
我们的银行转账解决方案可让您的客户拥有使用其银行信息支付的优势,而所有这一切也都符合您的常规结账体验。
告别令人困惑的交易流程,迎接更高的转化率、更低的处理成本和更强的安全性。
我们的银行转账解决方案在设计时充分考虑到客户的偏好,从而为其提供可满足其多元化需求的更广泛的支付选择。
这不仅简化了交易,还扩大了对更多客户的吸引力,包括那些不喜欢使用信用卡或寻求传统支付方式替代品的客户。
利用我们旨在保护您的业务免受欺诈,同时确保您客户敏感数据的安全的零拒付解决方案,让您步入无与伦比的安全境界。
我们的担保解决方案可确保一旦付款,付款人无法撤销。与持卡人可以提出异议的信用卡支付不同,我们让拒付成为历史。
为客户提供无缝支付体验,同时享受比传统信用卡交易更低的手续费。
这种成本有效的解决方案不仅使支付更加经济实惠,还能提高运营效率,从而让您将更多资金投入到业务增长中。
使用 Nuvei 的对账管理简化您的财务流程。轻松实现付款对账的自动化和管理,从而提高准确性和效率。
利用精简的流程,一切都变得更快、更准确,管理成本也更低。
在多家服务提供商和数据源中实现支付的自动匹配和对账。我们可以连接、整合和监控任何新型支付方式。
利用精简的流程,一切都变得更快、更准确,管理成本也更低。
Nuvei Reconciliation Manager+ 可负责管理从实施到更新和报告的整个流程。
节省更多时间、减少客户支持请求、发现技术问题并节省更多资金。
使用 Nuvei 的支付协调功能掌握您的支付操作。利用我们的综合工具简化和管理复杂的支付流程,实现最大程度的控制和洞察力。
控制和管理整个支付流程,实现最优性能、销售和收入。
通过支付编排中心的控制面板优化和控制您的支付体验。
管理设置,从而提高受理率、增强安全性、减少拒绝或获取更多收入。
管理在线豁免提交,从而提高您的交易批准率和授权率。
更详细的数据点意味着更多的授权、更好的安全性以及为客户带来的个性化无缝体验。
避免被拒绝的交易,转化为更多的付款。只需一个仪表板,您就可以设置和管理数据驱动的规则。
先进的分析技术可为创新的交易路由提供动力。
Nuvei 拒付管理工具可未雨绸缪,预防并消除潜在的拒付 - 从而规避拒付造成的损失。
对所有渠道的支付数据一目了然,随时掌握业务绩效。
有时,您需要的只是朝正确方向轻推一下。业务教练的存在是强调您何时能实现更高的销售额或客户参与度。
业务教练可提供能采取行动的建议和关键业务指标,以帮助您实现业务增长。
通过 Nuvei 的无痛法币-加密货币转换,简化您的 Web3 业务。与我们合作,获取无缝区块链支付技术和基础设施,推动您在加密货币领域取得成功。
我们提供无与伦比的广泛服务,使数百家合作伙伴能够让数百万人购买数十亿美元的数字资产。我们是超过 450 家领先的交易所、钱包、经纪商、COIN、NFT 平台和区块链游戏的主导支付合作伙伴。
Nuvei 的法定货币入金和出金服务可为法定货币和加密货币之间的兑换提供流畅的体验。利用单个 API 可让没有区块链经验的人和链上游戏专家都能访问。
加入数百家全球企业,探索由获得完全许可的公开上市提供商按订单提供的法定货币和加密货币之间兑换的力量。
稳定币在更多传统支付方式之外正在成为为商家提供的真正替代支付方式。
我们能进行实时稳定币交易、法定货币和稳定币之间的轻松兑换,以及根据您的需求量身定制的全面结算服务。
一份合作伙伴关系,满足您所有的加密业务需求。让您的区块链资产实现与全球 100 多种法定货币的无缝入金。
利用我们创新的加密货币支付选项,加快交易速度、提高数据准确性,并提升客户忠诚度。与不仅能预防欺诈,而且还能提供全面支付处理支持的提供商合作,体验以此带来的信心。
加密货币支付可消除中间环节,从而扩大了市场准入,并降低了成本,以最低的交易费用实现全球业务覆盖。
加密货币正在重塑游戏方式,从而实现显著优势。更大的交易限额、更快的支出速度,以及增强的安全性可最大程度地减少共享银行信息的需求。
更低的加密货币手续费,以及可在全球获得资金的能力为玩家提供了便利,并传递了创新的信号。此外,玩家使用加密货币还能获得奖金激励,从而丰富了其游戏体验。
Nuvei 引领迈向 Web 3.0 的步伐,使您的区块链和元宇宙项目取得成功。凭借顶级合作伙伴关系和工具,我们帮助您脱颖而出。
我们的方法可让用户完全控制其数字资产和隐私,从而增强数字探索的信心。
利用 Nuvei 的嵌入式金融服务提升购买体验。立即了解无缝集成,改变您的收入流。
在支付组合中增加金融服务,从而将客户留在您的生态系统中。提供银行存款和支出服务,以及银行卡和融资服务。让一切更轻松,便于客户更频繁地购买更多商品。
通过 Nuvei 业务账户扩大您的全球业务覆盖并优化交易。提供实时资金到账、更低的手续费和无缝集成,以提高效率,加强财务控制。
选择 Nuvei 作为您收单、发行和银行服务的唯一合作伙伴,精简您的财务运营。
使用 Nuvei 可定制实体卡和虚拟卡提升您的品牌并精简支付流程,跨所有渠道提供无缝且安全的交易。
我们负责所有后台复杂事务,包括卡片方案批准、全球监管合规、技术设置和卡片制造。
您的业务发展迅速。确保您的融资也能如此。
快速获取资金,实现目标,抓住更多机遇。无需银行或繁琐手续。
利用行业领先的 "先购买,后付款 "选项发展业务。在为客户提供灵活付款条件的同时预收款项。
让您的客户更轻松地获得他们现在需要的东西。最重要的是,它可以无缝集成到结账体验中。
利用努维的有效解决服务降低退单风险。利用我们先进的工具,简化争议流程,减少欺诈性索赔,保护您的收入。
在潜在拒付发生之前即可杜绝其中的大部分。利用拒付前规避、智能欺诈筛查、警报和沟通实现交易保护。
利用 Nuvei Chargeback Resolve 降低争议和拒付的成本。采取行动的每笔拒付都通过 Nuvei 控制面板予以集中化和管理。整个流程可最大限度地提高透明度和效率。
利用 Visa 和 Mastercard 的集成解决方案,快速轻松地控制争议或拒付。
利用努维货币管理促进全球商务。简化外汇交易,提高支付灵活性,并为客户提供本地货币选择,从而提高满意度。
无论您的客户希望在网上还是在店内与您开展业务,我们都能让您的客户更轻松地与您开展业务,并鼓励其再次光顾。
根据 Insider Intelligence 的全球电子商务报告,92% 的客户更愿意在以其当地货币定价的网站上购买商品。
以本国货币结算和报告,让客户购物更简单、更顺畅。
为客户提供本国/地区货币定价,您可以使银行卡购物透明可信,同时赚取一定比例的佣金。
使用 Nuvei 的欺诈与风险管理解决方案保护您的业务。最大限度地减少威胁,确保数据安全,同时保持顺畅的客户体验。
从先进的欺诈检测到工业级令牌化和 KYC,Nuvei 可为您和您的客户提供保护。
交易数据是我们打击欺诈的利器。在不影响客户体验的前提下,利用一套强大的可定制工具杜绝误报。
用安全令牌取代敏感数据意味着更快、更安全的支付,有助于创造更好的客户体验。
通过结合我们的独立和网络令牌化功能,我们可提供市场上最灵活、最完整的解决方案之一。
我们认识到需要最高的安全性来保护您和您的客户。根据 PCI 数据安全标准,我们已经达到并超过了作为 1 级服务提供商的所有要求。
我们的技术和专家人员可以帮助您降低风险、拒付并简化 PCI DSS 合规。
Optimize payment authorizations across every channel. Boost your approval rates by up to 5 points, reduce declines, and recover revenue with intelligent routing and retry.
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.
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.
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.
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.
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.
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.
Supporting a leading B2B medical retailer with card acquiring and anti-fraud tools that will ramp up revenue
MONTREAL, JULY 19, 2022 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), tomorrow’s payment platform, announces today it is has partnered with Multi Wholesale Supplies, a top B2B retailer for medical equipment, to help expand the retailer’s global footprint and increase conversion with card processing, global card acquiring, and fraud management services.
Prague-based Multi Wholesale Supplies provides medical equipment to private offices, wholesalers, medical and dermatology clinics, medical spas and stores. Nuvei and Multi Wholesale Supplies are driving the medical supply industry forward, moving B2B merchants away from invoice billing to real time payments.
Working with Nuvei for its flexible acquiring services, Multi Wholesale Supplies is creating increasingly seamless transactions to boost its B2B conversion rates. The medical supplies business is also growing its revenue thanks to Nuvei’s rigorous fraud management system that identifies risky transactions with potential chargebacks.
“We’re continually growing our Europe-focused B2B payments offering,” said Nuvei Chair & CEO Phil Fayer. “As a company that believes in technological innovation and exceptional service, we’re delighted to work with Multi Wholesale Supplies.”
Leveraging Nuvei’s more than 550 alternative payment methods and local acquiring in 46 markets, Multi Wholesale Supplies can now facilitate seamless payments for medical professionals with payment methods of their choice.
“We pride ourselves on superior customer service that helps our clients’ patients and customers live healthier, happier, more comfortable lives,” said Tsekov Vladimir, Director of Multi Wholesale Supplies. “Working with Nuvei has allowed us to enhance our approach to payments as we focus on growing our business in and beyond Europe.”
Multi Wholesale Supplies is a top provider of medical products and equipment. We cater to private offices, wholesalers, medical and dermatology clinics, medical spas, stores and more.
We’re proud to offer incredibly affordable prices and a fantastic selection, thanks to our global supplier network. We understand how important it is for our customers to offer the highest quality services to their patients, which is why we provide the industry’s top brands. Delivery is available worldwide and our customer service is unparalleled.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is tomorrow’s payment platform. Designed to accelerate customers’ business, 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 550 alternative payment methods, including cryptocurrencies, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
Investor Relations
Public Relations
keira.mcdermott@nuvei.com
Build a future-proof payment strategy to maximize the opportunity for growth
Montreal, May 18, 2021 – New research from strategy consulting firm Edgar, Dunn & Company specialized in payments and digital financial services, commissioned by Nuvei Corporation (TSX: NVEI and NVEI.U), highlights the importance for marketplaces to build a future-proof payment strategy to maximize the opportunity for growth. The report “The Evolving Needs of Today’s Marketplace. Leveraging payment technology as a growth catalyst” also analyses best practices for marketplaces to optimize their payment processes and increase profitability.
A Nuvei report published in 2017 predicted that by 2020, around 40% of the world’s online retail market would be controlled by marketplaces. A recent analysis conducted by Digital Commerce 360 demonstrates that the marketplace share of total global web sales was actually 62% in 2020. Accelerated by local lockdowns during the pandemic, marketplaces experienced 81% growth in 2020, according to marketplace platform provider Mirakl’s Enterprise Marketplace Index. To capitalize on this faster than expected growth, many marketplaces now seek to create an entire ecosystem with large product choice as a means to retain and increase customer loyalty.
“Marketplaces face numerous complexities and need to constantly look at how the changing requirements of buyers, sellers and various external stakeholders impact their business model”, says Greg Toussaint, director at Edgar, Dunn & Company. “Being at the center of this intricate ecosystem, marketplaces now need to introduce new payment functionalities and solutions that cater to the needs of their local and global audiences.”
“Online sales have been accelerating due to rapidly changing consumer behavior, coupled with the increased accessibility and convenience of digital payments. This has created unique opportunities for marketplaces,” said Philip Fayer, Nuvei’s Chair and CEO. “Leveraging key payment best practices can support marketplace expansion to meet ever-increasing demand from both sellers and their customers.”
The report highlights key payments challenges that have become central for marketplace ecosystems. These include:
To navigate the challenges, the report lists seven best practices related to payments and how these can be implemented. They are based on interviews with marketplaces as well as platforms and fraud and payments solution providers. The report recommends that marketplaces assess their current state of payments first, by conducting a 360-degree payments diagnostic. This enables them to focus on payment initiatives based on business priorities and to develop a roadmap to support their strategy.
“A boom in eCommerce sales and the evolution in customer behavior, following the COVID-19 crisis, have created attractive opportunities for marketplaces”, said Yuval Ziv, Nuvei’s managing director, digital payments. “Optimizing the customer journey through frictionless payment experiences will be more important than ever in order to remain relevant in this competitive environment.”
The report “The Evolving Needs of Today’s Marketplace. Leveraging payment technology as a growth catalyst” is based on a series of interviews with industry experts and marketplaces. The white paper is available for download at https://try.nuvei.com/mwp01.
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.
For more information, visit www.nuvei.com.
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Edgar, Dunn & Company is an independent and global strategy consulting firm specializing in payments and digital financial services. The firm was founded on two fundamental principles of client service: provide deep expertise that enhances clients’ perspectives and deliver actionable advice that enables clients to create measurable, sustainable change in their organizations. Established in 1978 in the United States, Edgar, Dunn & Company has expanded to meet the needs of its increasingly global client base. Today it serves clients in more than 45 countries on six continents from its locations in San Francisco, London, Paris, Frankfurt, Dubai and Sydney.
For more information, visit https://edgardunn.com/.
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 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. 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.
Nuvei Corporation (TSX: NVEI and NVEI.U), today reported financial results for its third quarter of 2020
Nuvei reports in U.S. dollars and in accordance with IFRS
MONTREAL, Nov. 11, 2020 — Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today reported financial results for its third quarter of 2020.
“I am incredibly proud of all that we accomplished in the third quarter, as we embarked on our journey as a publicly-traded company. We believe our performance, which included total volume* of $11.5 billion along with strong revenue growth, is a testament to the strength of our technology, business model and focus on high growth verticals,” said Philip Fayer, Nuvei’s chairman and CEO. “Furthermore, we made significant progress executing our growth strategy, broadening our capabilities and footprint, as well as winning many notable clients. We earned regulatory approval in the states of Indiana and Colorado for sports betting, and launched local acquiring in Hong Kong, Singapore, Russia, Brazil, and Columbia, meaningfully expanding our total addressable market. Lastly, we were thrilled last week to announce the closing of the Smart2Pay acquisition, which not only strengthens our global presence in high-growth markets including digital gaming, but allows us to offer a more complete, robust alternative payment solution. Looking ahead, we are well positioned to continue to scale the business and drive shareholder value.”
Financial Highlights for the Three Months Ended September 30, 2020
Recent Operational Highlights
Initial Public Offering
On September 22, 2020, Nuvei announced the successful closing of its IPO. The IPO, along with a concurrent private placement, raised $833 million in aggregate proceeds resulting in $758 million of proceeds to the Company.
Subsequent Event
On November 2, 2020, the Company announced the completion of its previously disclosed acquisition of Smart2Pay Global Services B.V. (“Smart2Pay”), demonstrating the Company’s commitment to growth through strategic acquisitions. The total consideration was settled with $82.9 million in cash, and the balance with 6,711,923 shares issued by the Company. The Smart2Pay acquisition strengthens Nuvei’s presence in the high-growth digital gaming space and further expands the Company’s geographic footprint in additional regions including Russia, Brazil, as well as adding UnionPay processing. Furthermore, the transaction creates one of the largest and most complete alternative payment method (“APM”) solution providers in the world, with 450 APMs supporting global commerce, all through a single integration.
Outlook
Total volume in the fourth quarter of 2020 to date continues to be strong with year-over-year growth in line with the third quarter of 2020. The following should also be considered for the fourth quarter of 2020:
*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 MD&A.
**Adjusted EBITDA and Adjusted net income are non-IFRS measures. Reconciliations of these non-IFRS measures to the most directly comparable IFRS financial measures are included in the tables at the end of this press release. An explanation of these measures and how they are calculated are also included under the heading “Non-IFRS Financial Measures”.
Conference Call
Nuvei will host a conference call to discuss third quarter 2020 financial results today at 8:30 am ET. Hosting the call will be Philip Fayer, Chairman 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. 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 approximately two hours 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 13711347. The replay will be available until Wednesday, November 25, 2020. An archive of the webcast will be available at the same location on the website shortly after the call has concluded.
The complete financial results are available at Sedar (www.sedar.com), as well as at Nuvei’s investor relations website.
About Nuvei
We are Nuvei, the 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 worldwide, supports 450 local and alternative payment methods and nearly 150 currencies. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.
Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable securities laws, including statements with regard to our objectives and the strategies to achieve these objectives. 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 “Risk Factors” in Nuvei’s supplemented prep prospectus dated September 16, 2020. 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.
Non-IFRS Financial Measures
The information presented within this news release includes the non-IFRS financial measures, “Adjusted EBITDA” and “Adjusted Net Income”. These measures are not recognized measures under IFRS and do not have a standardized meaning 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 those IFRS measures by providing further understanding of our results of operations from management’s perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. These non-IFRS measures are used to provide investors with a supplemental measure of our operating performance and thus highlight trends in our core 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 non-IFRS measures in the evaluation of issuers. Our management also uses non-IFRS 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 Adjusted EBITDA and Adjusted Net Income are important supplemental measures of Nuvei’s performance, primarily because these and similar measures are used widely among others in the payments industry as a means of evaluating a company’s underlying operating performance.
Adjusted EBITDA is defined as net income (loss) before finance costs, finance income, depreciation and amortization, income taxes expense/recovery, acquisition, integration and severance costs, share-based payments, net gain/loss on foreign currency exchange, and other.
Adjusted net income is defined as net income (loss) before acquisition, integration and severance costs, share-based payments, net gain/loss on foreign currency exchange, amortization of certain 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 and accelerated amortization of deferred transaction costs.
Contact:
Investor Relations
NuveiIR@icrinc.com
Public Relations
Nuvei-PR@icrinc.com
| Interim consolidated statements of profit or loss and comprehensive loss | ||||||||
| (In thousands of U.S. dollars except for per share amounts) | Three months ended September 30 | Nine months ended September 30 | ||||||
| 2020 | 2019 | 2020 | 2019 | |||||
| $ | $ | $ | $ | |||||
| Revenue | 93,599 | 70,752 | 259,165 | 166,489 | ||||
| Cost of revenue | 17,007 | 12,173 | 45,736 | 27,683 | ||||
| Gross profit | 76,592 | 58,579 | 213,429 | 138,806 | ||||
| Selling, general and administrative | 61,398 | 62,689 | 168,499 | 138,405 | ||||
| Operating profit (loss) | 15,194 | (4,110) | 44,930 | 401 | ||||
| Finance income | (1,375) | (1,532) | (4,170) | (4,058) | ||||
| Finance costs | 90,933 | 62,069 | 171,368 | 71,386 | ||||
| Net finance costs | 89,558 | 60,537 | 167,198 | 67,328 | ||||
| Loss before income tax | (74,364) | (64,647) | (122,268) | (66,927) | ||||
| Income tax expense (recovery) | 3,505 | 1,049 | 3,979 | (539) | ||||
| Net loss | (77,869) | (65,696) | (126,247) | (66,388) | ||||
| Other comprehensive income (loss) | ||||||||
| Foreign operations – foreign currency translation differences | (8,849) | 1,836 | 14,461 | 843 | ||||
| Total comprehensive loss | (86,718) | (63,860) | (111,786) | (65,545) | ||||
| Net income (loss) attributable to: | (78,579) | (66,054) | (127,956) | (66,915) | ||||
| Shareholders of the Company | 710 | 358 | 1,709 | 527 | ||||
| Non-controlling interest | (77,869) | (65,696) | (126,247) | (66,388) | ||||
| Comprehensive imcome (loss) attributable to | ||||||||
| Shareholders of the Company | (87,428) | (64,218) | (113,495) | (66,072) | ||||
| Non-controlling interest | 710 | 358 | 1,709 | 527 | ||||
| (86,718) | (63,860) | (111,786) | (65,545) | |||||
| Net loss per share attributable to common shareholders of the company | ||||||||
| Basic and diluted | (0.88) | (1.10) | (1.49) | (1.11) | ||||
| No of shares weighted average | 89,217,178 | 60,072,213 | 86,153,927 | 60,072,213 | ||||
| Consolidated statements of financial position | ||||||||
| (in thousands of U.S. dollars) | ||||||||
| September 30, | December 31, | |||||||
| 2020 | 2019 | |||||||
| $ | $ | |||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash | 99,426 | 60,072 | ||||||
| Trade and other receivables | 31,880 | 34,069 | ||||||
| Inventory | 540 | 709 | ||||||
| Prepaid expenses | 1,648 | 964 | ||||||
| Current portion of advances to third parties | 7,914 | 8,901 | ||||||
| Current portion of contract assets | 1,755 | 1,720 | ||||||
| Total current assets before segregated funds | 143,163 | 106,435 | ||||||
| Segregated funds | 301,352 | 200,612 | ||||||
| Total current assets | 444,515 | 307,047 | ||||||
| Non-current assets | ||||||||
| Advances to third parties | 41,442 | 42,584 | ||||||
| Property and equipment | 15,228 | 15,272 | ||||||
| Intangible assets | 362,234 | 408,380 | ||||||
| Goodwill | 760,833 | 768,497 | ||||||
| Contract assets | 1,291 | 1,426 | ||||||
| Processor deposits | 13,292 | 12,478 | ||||||
| Other non-current assets | 1,851 | 3,088 | ||||||
| Total Assets | 1,640,686 | 1,558,772 | ||||||
| Liabilities | ||||||||
| Current liabilities | ||||||||
| Trade and other payables | 57,477 | 51,258 | ||||||
| Income taxes payable | 153 | 2,866 | ||||||
| Current portion of loans and borrowings | 2,319 | 2,874 | ||||||
| Other current liabilities | 4,196 | 9,875 | ||||||
| Liability-classified common shares | – | 58,262 | ||||||
| Liability-classified preferred shares | – | 39,967 | ||||||
| Total current liabilities before due to merchants | 64,145 | 165,102 | ||||||
| Due to merchants | 301,352 | 200,612 | ||||||
| Total current liabilities | 365,497 | 365,714 | ||||||
| Non-current liabilities | ||||||||
| Loans and borrowings | 106,037 | 722,166 | ||||||
| Deferred tax liabilities | 7,572 | 12,976 | ||||||
| Other non-current liabilities | 2,263 | 4,875 | ||||||
| Unsecured convertible debentures due to shareholders | – | 109,022 | ||||||
| Total Liabilities | 481,369 | 1,214,753 | ||||||
| Contingencies | ||||||||
| Subsequent event | ||||||||
| Equity | ||||||||
| Equity attributable to shareholders | ||||||||
| Share capital | 1,371,043 | 450,523 | ||||||
| Contributed surplus | 8,767 | 1,603 | ||||||
| Deficit | (232,768) | (104,812) | ||||||
| Accumulated other comprehensive income (loss) | 4,076) | (10,385) | ||||||
| 1,151,118 | 336,929 | |||||||
| Non-controlling interest | 8,199 | 7,090 | ||||||
| Total Equity | 1,159,317 | 344,019 | ||||||
| Total Liabilities and Equity | 1,640,686 | 1,558,772 | ||||||
| Interim consolidated statements of cash flows | ||||||
| (in thousands of U.S. dollars) | ||||||
| For the nine months ended September 30 | 2020 | 2019 | ||||
| $ | $ | |||||
| Cash flows from operating activities | ||||||
| Net loss for the period | (126,247) | (66,388) | ||||
| Adjustments for: | ||||||
| Depreciation of property and equipment | 4,142 | 2,115 | ||||
| Amortization of intangible assets | 47,121 | 31,969 | ||||
| Amortization of contract assets | 1,697 | 1,809 | ||||
| Share-based payments | 7,207 | 767 | ||||
| Net finance costs | 167,198 | 67,328 | ||||
| Impairment on disposal of a subsidiary | 338 | – | ||||
| Income tax expense (recovery) | 3,979 | (539) | ||||
| Changes in non-cash working capital items | 637 | 11,568 | ||||
| Interest paid | (42,293) | (21,089) | ||||
| Net realized loss on foreign currency exchange | (5,937) | – | ||||
| Income taxes paid | (10,579) | (2,083) | ||||
| 47,263 | 25,457 | |||||
| Cash flows from (used in) investing activities | ||||||
| Business acquisitions, net of cash acquired | – | (780,196) | ||||
| Decrease (increase) in other non-current assets | (1,080) | 2,585 | ||||
| Proceeds from the sale of a subsidiary, net of cash | 19,045 | – | ||||
| Sale of equity investments | – | 21,800 | ||||
| Net decrease (increase) in advances to third parties | 2,129 | (13,564) | ||||
| Acquisition of property and equipment | (1,701) | (1,349) | ||||
| Acquisition of intangible assets | (10,570) | (4,663) | ||||
| 7,823 | (775,387) | |||||
| Cash flows (used in) from financing activities | ||||||
| Transaction costs related to loans and borrowings | (293) | (27,491) | ||||
| Redemption of preferred shares | – | (2,299) | ||||
| Issuance of preferred shares | – | 81,240 | ||||
| Issuance of convertible debentures due to shareholders | – | 199,000 | ||||
| Repayment of convertible debentures due to shareholders | (93,384) | – | ||||
| Issuance of Class B common shares | 150 | – | ||||
| Issuance of Subordinate Voting Shares, net of issuance fees | 719,886 | – | ||||
| Proceeds from loans and borrowings | – | 629,509 | ||||
| Repayment of loans and borrowings | (642,786 | (60,507) | ||||
| Payment of lease liabilities | (691) | (701) | ||||
| (17,118) | 818,751 | |||||
| Effect of movements in exchange rates on cash | 1,386 | 40 | ||||
| Net increase in cash | 39,354 | 68,861 | ||||
| Cash – Beginning of period | 60,072 | 6,070 | ||||
| Cash – End of period | 99,426 | 74,931 | ||||
| Reconciliation from IFRS to Non-IFRS Results | Three months ended September 30 | Nine months ended September 30 | ||||||
| (In thousands of U.S. dollars) | 2020 | 2019 | 2020 | 2019 | ||||
| $ | $ | $ | $ | |||||
| Net loss | (77,869) | (65,696) | (126,247) | (66,388) | ||||
| Finance costs | 90,933 | 62,069 | 171,368 | 71,386 | ||||
| Finance income | (1,375) | (1,532) | (4,170) | (4,058) | ||||
| Depreciation and amortization | 16,931 | 15,357 | 51,263 | 34,084 | ||||
| Income tax expense (recovery) | 3,505 | 1,049 | 3,979 | (539) | ||||
| Acquisition, integration and severance costs (a) | 2,418 | 13,898 | 5,297 | 17,129 | ||||
| Share-based payments (b) | 6,472 | 425 | 7,207 | 767 | ||||
| Net loss on foreign currency exchange (c) | 778 | 125 | 3,118 | 2,602 | ||||
| Other(d) | (802) | 72 | (146) | 275 | ||||
| Adjusted EBITDA(e) | 40,991 | 25,767 | 111,669 | 55,258 | ||||
| Advance from third party – merchant residual received | 3,848 | 3,085 | 9,515 | 7,368 | ||||
| (a) These expenses relate to (i) professional, legal, consulting, accounting and other fees and expenses related to our acquisitions and financing activities completed during the period and our initial public offering, (ii) acquisition-related compensation and deferred purchase consideration for previously acquired businesses, and (iii) integration expenses and severances paid. | ||||||||
| (b) These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share-based plans. | ||||||||
| (c) This includes gains or losses on foreign currency exchange included in selling, general and administration. | ||||||||
| (d) This line item primarily represents legal settlements and associated legal costs reached outside of the normal course of business as well as non-cash gains, losses and provisions and certain other costs. | ||||||||
| (e) Adjusted EBITDA is a non-IFRS measure that the Company uses to assess its operating performance and cash flows. | ||||||||
| Reconciliation from IFRS to Non-IFRS Results | Three months ended September 30 | Nine months ended September 30 | ||||||
| (In thousands of U.S. dollars) | 2020 | 2019 | 2020 | 2019 | ||||
| $ | $ | $ | $ | |||||
| Net loss | (77,869) | (65,696) | (126,247) | (66,388) | ||||
| Change in redemption value of liability-classified common and preferred shares (a) | 58,952 | 35,720 | 76,438 | 38,128 | ||||
| Accelerated amortization of deferred transaction costs / loss on debt modification(b) | 24,491 | 4,830 | 24,491 | 4,830 | ||||
| Amortization of certain intangible assets (c) | 14,161 | 12,485 | 43,211 | 28,234 | ||||
| Acquisition, integration and severance costs (d) | 2,418 | 13,898 | 5,297 | 17,129 | ||||
| Share-based payments (e) | 6,472 | 425 | 7,207 | 767 | ||||
| Net loss (gain) on foreign currency exchange (f) | (9,544) | 2,021 | 17,889 | (955) | ||||
| Other (g) | (802) | 72 | (146) | 275 | ||||
| Adjustments | 96,148 | 69,451 | 174,387 | 88,408 | ||||
| Income tax expense related to adjustments | (1,824) | (1,563) | (5,646) | (5,038) | ||||
| Adjusted net income (h) | 16,455 | 2,192 | 42,494 | 16,982 | ||||
| Adjusted net income per share attributable to common shareholders of the company (i) | ||||||||
| 基础 | 0.18 | 0.03 | 0.47 | 0.27 | ||||
| Diluted | 0.17 | 0.03 | 0.46 | 0.26 | ||||
| (a) This line item represents change in redemption value related to shares classified as liabilities prior to the IPO. As part of the IPO, the shares were converted into equity as Subordinate Voting Shares. For the liability-classified common shares, the expense represents the fair value adjustment for the corresponding period, with the three months ended September 30, 2020 amount representing the IPO value of $26 per Subordinate Voting Shares. These expenses are included in finance costs.(b) With the repayment of long-term debt from the IPO proceeds, the associated deferred transaction costs were recognized in finance costs for the three months ended September 30, 2020 on an accelerated pro-rata basis. Additionally, in 2019 a loss on debt modification was recognized because of the incremental debt taken to fund the SafeCharge acquisition.(c) 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 of the outstanding shares of the predecessor by Nuvei in September 2017 (as further described in the 2019 notes to the audited consolidated financial statements).(d) These expenses relate to (i) professional, legal, consulting, accounting and other fees and expenses related to our acquisitions and financing activities completed during the period and our initial public offering, (ii) acquisition-related compensation and deferred purchase consideration for previously acquired businesses, and (iii) integration expenses and severances paid.(e) These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share-based plans.(f) This includes gains or losses on foreign currency exchange included in finance costs and selling, general and administration.(g) This line item primarily represents legal settlements and associated legal costs reached outside of the normal course of business as well as non-cash gains, losses and provisions and certain other costs.(h) Adjusted net income (loss) is a non-IFRS measure that the Company uses to further assess its operating performance.(i) Diluted Adjusted net income per share is calculated using stock options outstanding at the end of each period on a fully diluted basis if they were in-the-money at that time. Potentially dilutive instruments converted or reimbursed as part of the IPO have been excluded. | ||||||||
Nuvei Releases Inaugural Environmental, Social and Governance Report
MONTREAL, Aug. 25, 2022 (GLOBE NEWSWIRE) – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), tomorrow’s payment platform, announces the publication of its inaugural Environmental, Social, and Governance (“ESG”) report.
The report sets out Nuvei’s ongoing drive to build sustainable business practices to protect the environment, support the communities in which it operates and create value for employees, investors, and customers.
“Nuvei’s value creation story is simple: we only grow when our stakeholders thrive,” said Nuvei Chair and CEO Philip Fayer. “So, whether it is helping our customers accelerate their business, fostering an engaged and diverse workforce, supporting our local communities or achieving superior financial results for our shareholders, it is clear that embedding ESG into our operations benefits Nuvei and creates long-term value for all of our stakeholders.”
The report highlights Nuvei’s ESG commitment to sustainable and responsible business practices and disclosures, focusing on:
“We know we are just getting started on our ESG journey and as Nuvei continues to grow, we recognize that we can make a real difference. So, on behalf of our colleagues around the world, I am proud of the steps we have taken so far. I am even more excited for what is still to come,” Fayer said.
The ESG report is available at https://nuvei.com/esg2021.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is tomorrow’s payment platform. Designed to accelerate customers’ business, 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 570 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
For more information, visit www.nuvei.com.
Investor Relations
Public Relations
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.
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.
Investor Relations
Public Relations
PR@nuvei.com
MiCAR authorization enables Nuvei to deliver regulated crypto-asset services and passport them across the European Union.
MONTREAL. Dec. 17, 2025 — Nuvei today announced that it has received a Crypto-Asset Service Provider (CASP) license under the European Union’s Markets in Crypto-Assets Regulation (MiCAR), positioning the company to operate under the EU’s new, harmonized regulatory framework for crypto assets.
The MiCAR license enables Nuvei to provide regulated crypto-asset services across the European Union and passport those services across EU member states under a single regulatory regime. This significantly simplifies expansion for merchants and platforms seeking to deploy crypto-enabled payment and settlement capabilities across multiple European markets.
Under the license, Nuvei can offer regulated crypto-asset services including cryptocurrency storage and administration, transfers, and the exchange of crypto-assets into funds, integrated into its broader global payments infrastructure.
“This authorization marks an important milestone in the convergence of payments and digital assets,” said Phil Fayer, Chair and CEO of Nuvei. “MiCAR brings long-needed regulatory clarity to Europe. Operating under this framework allows us to help customers move value across crypto and traditional payment rails with confidence, consistency, and scale.”
In addition to the MiCAR authorization, Nuvei has also obtained a Payment Institution license, enabling services related to electronic money tokens (EMTs). Together, these authorizations allow Nuvei to support crypto-asset, EMT, and fiat-based payment and settlement flows through a unified, regulated platform.
For customers, the combined capabilities mean:
• Simplified access to crypto payments across Europe
• Compliant fiat-to-crypto and crypto-to-fiat flows
• Faster, more transparent settlement options
• Reduced regulatory and operational complexity when scaling across EU markets
With these licenses, Nuvei will serve both business clients and retail consumers. Retail users will have access to simple and accessible crypto services, while business customers will benefit from solutions designed to support efficient settlements, crypto acceptance, and transparent, blockchain-based movement of funds, fully integrated into broader payment, payout, and treasury workflows.
About Nuvei
Nuvei is building the infrastructure for every payment, everywhere. Its modular, flexible, and scalable technology enables leading companies to accept next-generation 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 over 720 alternative payment methods, Nuvei provides the technology and insights that help customers and partners succeed locally and globally through one integration.
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Public Relations
Payment technology firm gears up to offer secure online payment processing for businesses in Indiana’s sports betting industry
INDIANAPOLIS, August 05, 2020 – Nuvei, the global payment technology partner of thriving brands, announced today that it has been awarded a certificate of registration for sports wagering in the state of Indiana. The approval from the Indiana Gaming Commission authorizes the internationally based company to provide payment services supporting sports betting transactions in Indiana. Nuvei, a full-service payments provider to the iGaming and sports betting industries, will now be able to empower gaming operators and companies to accept payments from their Indiana-based clients.
In May of 2018, the U.S. Supreme Court ended the federal ban on sports betting. In the two years since, three quarters of all U.S. states have legalized sports wagering or are attempting to do so.
Sports betting was legalized in Indiana in the fall of 2019, opening the opportunity for anyone over the age of 21 in the state to place legal wagers on games in Major League Baseball, the National Football League, the National Basketball Association, the National Hockey League, and any other professional and amateur sports games in which adults compete.
Wagers can be placed from mobile apps and online betting sites within the state’s boundaries, as well as with bookmakers licensed in the state.
“Nuvei’s approval to transact in the State of Indiana is just the beginning of our efforts to expand into U.S. markets,” said Philip Fayer, Nuvei’s chairman and CEO. “We are excited to be able to bring our innovative, revenue-enhancing payment technology stack to Indiana, with an eye toward further expansion in states that have legalized online sports betting.”
Nuvei currently services many of the world’s leading iGaming brands. Through a single integration, gaming operators can optimize their payments flow through the company’s award-winning Cashier solution while being compliant with local gaming regulations. In addition to leveraging enhanced identity and risk management solutions, Nuvei’s platform allows businesses to improve their players’ journey through a quicker deposit and withdrawal process, paving the way to greater customer satisfaction and revenue opportunities.
We are Nuvei, the 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 worldwide, supports over 450 local and alternative payment methods and 150 currencies. Our purpose is to make our world a local marketplace. Learn more at www.nuvei.com.
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Nuvei is the growth infrastructure for every payment, everywhere. One intelligent system built to scale.