Introduction
Nuvei Corporation, a leading Canadian fintech company, has unveiled groundbreaking research on the evolving role of cryptocurrency as a mainstream payment method. This report highlights key trends, challenges, and opportunities for businesses integrating digital currencies into their payment ecosystems.
Nuvei’s Global Card Issuing Solution
Montreal, November 28, 2023 – Nuvei Corporation (NASDAQ: NVEI) (TSX: NVEI) announced the launch of its card issuing solution across 30 global markets. This service enables businesses to offer white-label physical and virtual cards to customers, employees, or contractors.
Key Benefits:
- Operational Efficiency: Virtual cards allow instant fund utilization, improving cash flow.
- Higher Authorization Rates: Merchant-branded cards processed via Nuvei’s dual issuing/acquirer role boost approval rates.
- Cost-Effective Payments: Virtual/physical cards reduce transaction costs compared to traditional bank transfers.
- Enhanced Loyalty Programs: Branded cards strengthen customer engagement and retention.
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Strategic Partnerships
1. Collaboration with KoreConX
November 1, 2023 – Nuvei partnered with KoreConX to power compliant investment payments for private U.S. enterprises, enabling transactions as low as $50 via card or A2A transfers.
2. Nuvei and American Express
November 2, 2023 – Nuvei became the first acquirer to offer Pay with Bank Transfer (PwBt), an open banking solution streamlining account-to-account payments for UK merchants.
3. Curve Selects Nuvei
October 19, 2023 – The financial super-app Curve integrated Nuvei’s card acquiring and APMs to enhance global expansion and customer experience.
Expansion in APAC and B2B Payments
- New Shanghai Office: Nuvei expanded its APAC footprint to support cross-border commerce.
- B2B Payment Upgrades: Launched in Canada, offering AR solutions, Level 3 processing, and ERP integrations.
👉 Boost your business with Nuvei’s global payments
ESG Commitment
Nuvei’s 2022 ESG Report highlights achievements in:
- Gender diversity (30% female board members).
- Carbon footprint reduction (Scope 1/2 emissions tracking).
- Community initiatives like mental health fundraising.
Download the full report here.
FAQs
1. How does Nuvei’s card issuing work?
Nuvei’s API-driven platform allows businesses to issue branded virtual/physical cards with customizable controls.
2. What are the benefits of open banking payments?
Faster settlements, lower fees, and higher approval rates compared to traditional methods.
3. Which markets support Nuvei’s PwBt?
Currently available in the UK, with plans for U.S. and LATAM expansion in 2024.
Conclusion
Nuvei continues to innovate at the intersection of payments, crypto, and fintech, empowering businesses to thrive in a digital-first economy.
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