Nuvei Stock Price, News & Analysis

Nuvei (NASDAQ:NVEI) has enhanced its Authorization Optimization Suite by adding PINless debit and Least Cost Routing capabilities in North America. The new features can improve authorization rates by up to 3.5 percentage points for applicable transactions, enabling merchants to bypass traditional card rails in favor of lower-cost local debit networks.

The company's smart routing engine leverages AI and machine learning to analyze transactions and determine optimal approval paths. Key features include Intelligent Routing, PINless Debit Routing, Smart Auth Messaging, Network Tokens, and Smart Retry capabilities. The system is particularly relevant as debit transactions now comprise over 53% of online card volumes in North America.

Nuvei (NASDAQ:NVEI) has expanded its strategic partnership with flaconi, a leading European online beauty and fragrance retailer. Since partnering with Nuvei, flaconi has achieved 30% year-over-year revenue growth in 2024. The collaboration enables flaconi to process payments across multiple European markets through a single integration.

Through Nuvei's platform, flaconi has expanded from its initial markets (Germany, Austria, Poland, France, Switzerland, Netherlands, and Belgium) to launch in five new countries in 2025: Denmark, Sweden, Finland, Czech Republic, and Italy. The partnership leverages Nuvei's Authorization Optimization Suite, which includes advanced fraud prevention and seamless transaction processing to enhance customer experience and increase conversion rates.

Nuvei (NASDAQ:NVEI) has been selected by Virgin Voyages to power in-app payments across their cruise line operations. This partnership expands Nuvei's existing relationship with Virgin brands, including Virgin Holidays and Virgin Atlantic. The integration enables Virgin Voyages' guests to make seamless mobile purchases for various onboard and shore experiences.

Nuvei's technology will facilitate payments through Virgin Voyages' mobile app, offering features like local acquiring in 50 countries and access to over 720 alternative payment methods. The solution includes real-time payment orchestration, tokenization, and embedded compliance tools designed for cross-border travel commerce.

Nuvei has established a strategic partnership with Gaming Innovation Group (GiG), integrating its payment solutions directly into GiG's CoreX platform. This collaboration enables iGaming operators to optimize their payment functionality through GiG's AI-driven player account management solution.

The integration provides operators access to Nuvei's payment services across 200+ countries and 720 alternative payment methods through a single platform. CoreX, GiG's advanced platform, allows operators to localize operations in any regulated jurisdiction while leveraging Nuvei's 20+ years of industry expertise in payment optimization, risk management, and regulatory compliance.

The partnership aims to enhance acceptance rates and streamline payment processes for iGaming operators, facilitating their international expansion while improving player satisfaction and operational efficiency.

Nuvei has launched a blockchain-based payment solution for merchants across Latin America through partnerships with Rain, BitGo, and Visa. The solution enables businesses to use stablecoins, including USD Coin (USDC), for faster global settlement and reduced reliance on traditional payment methods.

The integrated system allows LATAM merchants to make payments using stablecoins from a digital asset wallet anywhere Visa is accepted, offering benefits such as faster cross-border transactions, secure digital asset custody, reduced currency complexity, and improved operational liquidity.

This launch is part of Nuvei's broader expansion in LATAM, where the company has already established direct local acquiring in Colombia, implemented local acquiring services in Mexico, and acquired a Payment Institution license in Brazil.

Nuvei has been selected by Delaware North's interactive gaming division to power deposits and payouts for Betly, their online casino and sports betting brand operating in West Virginia, Arkansas, Tennessee and Ohio. The partnership enhances player experience by streamlining checkout processes, leveraging Nuvei's local acquiring capabilities for card payment deposits and enabling real-time account-to-account transactions through their Instant Bank Transfer product.

Nuvei announced the completion of its going private transaction through a plan of arrangement with Advent International. The deal valued shares at US$34.00 per share. Following the transaction, ownership is distributed among Advent (46%), Philip Fayer (24%), Novacap (18%), and CDPQ (12%). Philip Fayer will continue as Chair and CEO, rolling approximately 95% of his shares into the new structure. The company expects delisting from TSX around November 18, 2024, and from Nasdaq around November 25, 2024.

Nuvei (Nasdaq: NVEI) has secured all necessary regulatory approvals for its previously announced going-private transaction through a plan of arrangement with Neon Maple Purchaser Inc., an entity formed by Advent International. The arrangement includes participation from Philip Fayer, investment funds managed by Novacap Management Inc., and CDPQ. The transaction, which received shareholder approval on June 18, 2024, and court approval on June 20, 2024, is expected to close around November 15, 2024.

Nuvei (NVEI) reported strong Q3 2024 financial results with total volume increasing 27% to $61.3 billion and revenue growing 17% to $357.6 million year-over-year. The company posted net income of $17.2 million, compared to a net loss of $18.1 million in the previous year. However, Adjusted EBITDA decreased 2% to $108.8 million, and Adjusted net income fell 8% to $52.3 million. The company is proceeding with its previously announced take-private transaction by Advent International, valued at approximately $6.3 billion or $34.00 per share, expected to close in Q4 2024. A quarterly dividend of $0.10 per share was declared, payable December 12, 2024.