Nuvei is the first global payments
provider to offer Visa Direct to its customers in the
country.
MONTREAL, June 3, 2024
/PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company")
(Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today
announces that it has partnered with Visa, a world leader in
digital payments, to offer Visa Direct in Colombia. Nuvei is the first global payments
provider to offer Visa Direct to its customers in the country.
Visa Direct is a VisaNet processing capability that allows safe,
convenient, near real-time funds delivery directly to
financial accounts using card credentials. Visa Direct clients use
the capability to enable use cases such as person-to-person
(P2P) payments, funds disbursements, bill pay, or cross border
remittances directly to an eligible debit or prepaid card.
Visa Direct is available to Colombian merchants directly through
their existing single integration to Nuvei's full stack modular
payments technology platform. With Visa Direct, Nuvei merchants are
able to provide instant payout capabilities to their customers,
with transactions routed and processed in near real-time.
Instant payouts to cards enable businesses to offer a faster,
secure, and seamless payment experience for customers across
virtually any industry that is reliant on payouts.
"Offering instant payouts through Visa Direct supports our
strategy of providing best-in-class payment solutions tailored to
the needs of each market we serve," commented Philip Fayer, Nuvei's Chair and CEO.
"Colombia is one of the
fastest-growing eCommerce markets in Latin America, and we're proud to deliver
innovative ways for our customers to optimize their payment flows,
enhance user experiences, and operate with maximum
efficiency."
Partnering with Visa to offer Visa Direct continues Nuvei's
first-mover advantage in rolling out industry-leading payments
solutions in Colombia. Nuvei
recently announced that it was the first global payments provider
to offer direct local acquiring in the country, enabling online
businesses to accept card payments from their customers without
relying on intermediaries or third-party payment processors.
Visa Direct is already available to Nuvei's partner merchants in
over 30 countries in Europe
including the UK, as well as the U.S. and Canada in North
America and Hong Kong and
Singapore in APAC. Enabling Visa
Direct access to businesses in Colombia is the latest extension of the global
strategic partnership between Nuvei and Visa.
"Our collaboration with Nuvei is already enabling
businesses in North America and
Europe to harness the benefits of
faster, safer, digital payouts to cards. We're excited to be
extending this partnership to Colombia so that even more merchants can offer
an industry leading payments experience to their
customers," commented Humberto Guihur, Product and Innovation
VP for Visa Andean Region.
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 700
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
alex.hammond@nuvei.com
Investor Relations
IR@nuvei.com
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SOURCE Nuvei