Nuvei has launched card issuing solution
globally as part of its financial offerings. This step allows the Canadian fintech company’s clients to provide customized physical and virtual cards to customers, employees, or contractors across 30 markets.
Philip Fayer, the Chair and CEO of Nuvei mentioned:
“This solution has practical applications for our clients, benefiting
their customers by improving their own working capital and simplifying their
back-office processing.”
Initially available across the European Economic Area,
this service will expand into the UK, US, and Latin America by 2024. Currently,
Nuvei offers services that encompass various use cases, including virtual cards
facilitating B2B payments and payment cards for various sectors such
as insurance and gaming.
Additionally, Nuvei offers Wallet-as-a-Service to
support specific needs, such as loyalty programs for businesses. Notably,
virtual cards optimize working capital efficiency by granting businesses
instant access to collected funds. Nuvei is paving the way in the
fintech landscape through strategic partnerships.
Enabling a range of applications from consumer payouts to B2B payments, our latest solution is tailored to the diverse needs of modern businesses, accelerating revenue and streamlining capital efficiency.
Read the full press release here: https://t.co/SsA5kPbLVh 💳 pic.twitter.com/aeEFxPiPbX
— Nuvei (@Nuvei) November 29, 2023
Last month, the company joined forces with Curve, a
banking platform, to enhance digital wallet payments. This collaboration
intends to optimize card transactions and introduce alternative payment methods
within Curve’s ecosystem.
In the partnership, Nuvei’s payment technology will enable Curve to accept VISA and Mastercard transactions using a smart routing engine that maximizes the chances of a transaction being accepted while minimizing operational costs.
Recently, Nuvei launched its office in China as part of its commitment to expand its presence across the Asian-Pacific region. This move aligns with Nuvei’s objective to empower e-commerce
entities with global reach and localized market expertise. The company is focusing
on supporting e-commerce businesses seeking international scalability in the
region.
Nuvei’s Partnerships beyond Regional Expansion
Nuvei’s foray into China builds upon its existing
partnerships with Chinese firms like Geekbuying, Vakatrip, and Cupshe, which are already
utilizing its cross-border payment services. Its collaborations extend beyond
regional expansions. Recently, the company partnered with Mastercard to enable faster and more secure deposits and payouts in its services. This initiative
targets markets in Singapore, Australia, and Hong Kong.
Currently, Nuvei’s customers in Singapore are benefiting from the instant payout system offered through MasterCard Send. The
service is set to expand to Australia and Hong Kong,
connecting disbursements and funding transactions involving 1.5 billion debit,
credit, and prepaid MasterCard cards.
Nuvei has launched card issuing solution
globally as part of its financial offerings. This step allows the Canadian fintech company’s clients to provide customized physical and virtual cards to customers, employees, or contractors across 30 markets.
Philip Fayer, the Chair and CEO of Nuvei mentioned:
“This solution has practical applications for our clients, benefiting
their customers by improving their own working capital and simplifying their
back-office processing.”
Initially available across the European Economic Area,
this service will expand into the UK, US, and Latin America by 2024. Currently,
Nuvei offers services that encompass various use cases, including virtual cards
facilitating B2B payments and payment cards for various sectors such
as insurance and gaming.
Additionally, Nuvei offers Wallet-as-a-Service to
support specific needs, such as loyalty programs for businesses. Notably,
virtual cards optimize working capital efficiency by granting businesses
instant access to collected funds. Nuvei is paving the way in the
fintech landscape through strategic partnerships.
Enabling a range of applications from consumer payouts to B2B payments, our latest solution is tailored to the diverse needs of modern businesses, accelerating revenue and streamlining capital efficiency.
Read the full press release here: https://t.co/SsA5kPbLVh 💳 pic.twitter.com/aeEFxPiPbX
— Nuvei (@Nuvei) November 29, 2023
Last month, the company joined forces with Curve, a
banking platform, to enhance digital wallet payments. This collaboration
intends to optimize card transactions and introduce alternative payment methods
within Curve’s ecosystem.
In the partnership, Nuvei’s payment technology will enable Curve to accept VISA and Mastercard transactions using a smart routing engine that maximizes the chances of a transaction being accepted while minimizing operational costs.
Recently, Nuvei launched its office in China as part of its commitment to expand its presence across the Asian-Pacific region. This move aligns with Nuvei’s objective to empower e-commerce
entities with global reach and localized market expertise. The company is focusing
on supporting e-commerce businesses seeking international scalability in the
region.
Nuvei’s Partnerships beyond Regional Expansion
Nuvei’s foray into China builds upon its existing
partnerships with Chinese firms like Geekbuying, Vakatrip, and Cupshe, which are already
utilizing its cross-border payment services. Its collaborations extend beyond
regional expansions. Recently, the company partnered with Mastercard to enable faster and more secure deposits and payouts in its services. This initiative
targets markets in Singapore, Australia, and Hong Kong.
Currently, Nuvei’s customers in Singapore are benefiting from the instant payout system offered through MasterCard Send. The
service is set to expand to Australia and Hong Kong,
connecting disbursements and funding transactions involving 1.5 billion debit,
credit, and prepaid MasterCard cards.
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- Source: https://www.financemagnates.com//fintech/nuvei-unveils-global-card-issuing-solution-across-30-markets/
