Nuvei enters strategic partnership with Gaming Innovation Group (GiG)
Rhea-AI Summary
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.
Positive
- Access to 720 alternative payment methods globally
- Expansion potential into 200+ countries through single platform
- Integration with GiG's established iGaming platform enhances market reach
Negative
- None.
Insights
The strategic partnership between Nuvei and GiG represents a significant advancement in iGaming payment infrastructure. The integration of Nuvei's payment solutions into GiG's CoreX platform creates a comprehensive payment ecosystem that addresses key operational challenges in the iGaming sector.
The partnership's value proposition centers on three critical elements:
- Access to 720 alternative payment methods
- Coverage across 200+ countries
- Enhanced regulatory compliance capabilities
For Nuvei, this alliance strategically positions them to capture a larger share of the rapidly growing iGaming payment processing market, estimated to reach
Think of this partnership as building a global payment highway system - while Nuvei provides the infrastructure and toll collection system, GiG offers the navigation and traffic management platform. This combination significantly reduces friction in payment processing while expanding market reach for iGaming operators.
The Nuvei-GiG partnership addresses a critical pain point in the iGaming industry - the complexity of managing multiple payment solutions across different jurisdictions. GiG's CoreX platform, enhanced with Nuvei's payment capabilities, creates a powerful tool for operators looking to scale internationally.
The integration's significance lies in its ability to help operators:
- Streamline payment operations across multiple markets
- Improve player retention through localized payment options
- Reduce operational complexity in regulatory compliance
This partnership positions both companies favorably in the competitive iGaming B2B space. For context, successful payment processing integration can increase player conversion rates by
Nuvei's direct integration into GiG's new iGaming platform optimizes the payments function for global operators
MONTREAL, Jan. 7, 2025 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company"), the Canadian fintech company, has entered a new strategic partnership with GiG, a leading B2B technology provider to the iGaming industry. This collaboration enables iGaming operators to optimize their payments functionality through their existing integration with GiG's CoreX solution.
CoreX is an advanced, AI-driven player account management (PAM) platform for leading iGaming and sportsbook brands. It provides operators with the flexibility to localize their operations in any regulated jurisdiction, enhancing their ability to meet diverse market demands. Through this direct integration with the GiG CoreX platform, iGaming operators can leverage Nuvei's payments expertise across global iGaming markets to maximize their revenues and accelerate their growth.
The partnership delivers a comprehensive solution that addresses the needs of modern online gaming businesses. This approach is underpinned by Nuvei's deep market expertise gained from more than 20 years innovating payments for the industry, ensuring operators can optimize acceptance rates, execute best-in-class risk management, and navigate the diverse regulatory landscapes of global iGaming markets with confidence.
Operators gain access to Nuvei's extensive global reach in over 200 countries, enabling seamless expansion across international markets through a single, integrated platform. The collaboration also provides GiG-supported operators with industry-leading connectivity to 720 alternative payment methods, enabling them to offer players all relevant deposit and pay out options from their cashier.
Philip Fayer, Nuvei Chair and CEO commented: "We're excited to partner with a proven technology leader and industry expert like GiG. This integration showcases our commitment to providing the most relevant and modern payment solutions that drive growth for our customers. By combining Nuvei's robust modular payment technology with GiG's innovative CoreX platform, we're delivering unparalleled value to iGaming operators worldwide."
James Coxon, Chief Operating Officer at GiG, added: "Our partnership with Nuvei represents another significant forward step in empowering iGaming operators with the most flexible best-in-class payment solutions. The direct integration of Nuvei's payment technology into CoreX will enable our clients to optimize their payment processes, ultimately improving player satisfaction and operational efficiency."
About GiG Software Plc
GiG Software is a leading B2B iGaming technology company that provides premium solutions, products, and services to iGaming operators worldwide, fully compliant with regulatory requirements. GiG's proprietary technology empowers our partners by delivering dynamic, data-driven, and scalable iGaming solutions that drive user engagement, optimise performance, and propel sustainable growth in the ever-evolving digital landscape. GiG's vision is to be the pioneering force in the iGaming industry, transforming digital gaming experiences through innovation and technology that inspire and engage players worldwide.
GiG operates out of Malta and is listed on the Nasdaq First North Premier Growth Market in Stockholm, Sweden, under the ticker GiG SDB.
Find out more at www.gig.com.
About Nuvei
Nuvei 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 720 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
Contact:
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FAQ
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