Nuvei, in conjunction with UATP, will process
transactions for both direct and indirect traffic for Euroairlines
in multiple regions globally
MONTREAL, Jan. 18,
2024 /CNW/ -- Nuvei Corporation ("Nuvei" or the
"Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech
company, announces today its partnership with Euroairlines, a
Spanish-based aviation operator known for its comprehensive
passenger and freight services. This collaboration marks a pivotal
step in Euroairlines' strategy to grow its business and enhance
payment processing in its main markets across the US, Europe, and Latin
America, and further signifies Nuvei's continued momentum as
the partner of choice with global airline customers.
Euroairlines is a Spanish airline founded in 2000 and based in
Castellón, Spain. In 20 years,
Euroairlines has performed more than 2,000 flights to more than 200
destinations carrying more than 3,000 passengers. Euroairlines
provides both cargo and passenger commercial and distribution
services in Europe and northern
Africa through a robust and
low-cost solution.
Nuvei is supporting Euroairlines in launching its newly
developed online B2B2C portal, which enables the airline to process
direct traffic for the first time. Once the portal is launched,
customers will be able to use aggregators to search and purchase
Euroairlines flight tickets directly, without having to use an
online travel agency. Nuvei is processing all direct transactions
captured through the portal and enabling Euroairlines customers to
pay using cards (Visa, Mastercard and soon American Express) as
well as modern digital wallets such as ApplePay and GooglePay.
Euroairlines CEO, Antonio
Lopez-Lazaro commented on the agreement: "Partnering with
Nuvei aligns perfectly with our growth plans. Their agile payment
technology is enabling us to add an additional revenue stream with
the launch of our portal, and we look forward to continuing our
collaboration and adding more payment methods in the future."
Through the UATP-Nuvei partnership, indirect traffic for
Euroairlines will be processed via UATP One Merchant Services
(Universal Air Travel Plan) for both BSP (Billing and Settlement
Plan) and ARC (Airlines Reporting Corporation) transactions.
Euroairlines adds to the growing list of airlines globally
utilizing UATP One for processing services.
Philip Fayer, Nuvei Chair and CEO
commented: "We are excited to partner with Euroairlines to support
the launch of their direct channel and process transactions from
their indirect channel. Our collaboration is a step forward in
optimizing their payment strategy and fueling Euroairlines'
ambitious growth plans; and we are delighted to be a part of their
journey."
Fayer added, "The UATP One product is opening doors for Nuvei
and UATP, and we look forward to continuing to grow our
partnership."
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 680
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
NVEI-IR
Contact:
Public Relations
alexandra.bucur@nuvei.com
Investor relations
IR@nuvei.com
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SOURCE Nuvei