Nuvei secures license to offer local payment acceptance in South Africa

The authorization extends Nuvei's local acquiring infrastructure to 52 markets.

Rhea-AI Summary

Nuvei (NVEI) secured authorization from the Payments Association of South Africa to offer local merchant payment services in South Africa. The authorization extends its local acquiring infrastructure—used to process merchant payments domestically—to 52 markets.

Global brands will be able to access the South African capabilities through their existing Nuvei integration. Businesses serving South African consumers through cross-border payments will be able to establish local payment operations without adding a separate gateway, acquiring relationship or reporting environment. Nuvei says domestic processing can improve authorization rates and reduce processing costs compared with cross-border acquiring.

Positive

• Minor pointPASA authorization enables Nuvei to offer local merchant payment services in South Africa.

Negative

• None.

Key Figures

Markets with local acquiring infrastructure: 52 markets

Markets with local acquiring infrastructure

52 markets

Footprint stated alongside the South Africa expansion

Key Terms

local acquiring, compound annual growth rate

2 terms

local acquiring technical

"extending its local acquiring infrastructure to 52 markets"

The arrangement by which a merchant’s card payments are processed and settled by a local acquiring bank or payments processor in the same country or region as the merchant. Local acquiring handles transaction authorization, clears payments in the local currency, and ensures compliance with domestic rules and card-network requirements; it is distinct from issuing (the cardholder’s bank) and from cross-border acquiring, which routes merchant transactions through a foreign acquirer.

compound annual growth rate financial

"at a compound annual growth rate of 8.3% through 2029"

The compound annual growth rate (CAGR) shows how much an investment or value has grown, on average, each year over a specific period. It considers the effect of growth that compounds or builds upon itself, similar to how interest accumulates in a savings account. Investors use CAGR to compare different investments’ long-term performance and to understand how steady or consistent their growth has been over time.

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Expansion into one of Africa's largest digital commerce markets advances Nuvei's Every Payment Everywhere strategy, extending its local acquiring infrastructure to 52 markets

MONTREAL, Oct. 14, 2026 /PRNewswire/ -- Nuvei, the global fintech building the infrastructure for every payment, everywhere, today announced that it has secured authorization from the Payments Association of South Africa (PASA) to offer local merchant payment services in South Africa, expanding its ability to support global brands and local businesses through its global payments platform.

The authorization advances Nuvei's Every Payment Everywhere strategy, extending its presence within domestic payment ecosystems to help businesses optimize payment performance in every market they operate. By adding South Africa to its network, Nuvei is extending its local acquiring and payment acceptance infrastructure, transaction data, and operational controls to another major market, accessible through a single global platform.

Phil Fayer, Chair and CEO of Nuvei, said: "Commerce is global, but payment performance is local. Our expansion into South Africa is another step towards giving businesses access to locally optimized payment capabilities at global scale. South Africa is one of Africa's most important digital commerce markets, and strengthening our presence here creates new opportunities for international businesses entering the region and South African companies expanding globally."

A growing digital commerce market

South Africa's B2C ecommerce market grew by an estimated 9.9% in 2025 to reach $8.48 billion, according to research published by PayNXT360. The market is forecast to expand at a compound annual growth rate of 8.3% through 2029, reaching approximately $11.66 billion. This continued growth is increasing the importance of locally optimized payment performance for businesses competing in the market.

Bringing global brands closer to the local market

Processing transactions domestically can improve authorization rates compared with cross-border acquiring, reduce processing costs, and give businesses more complete visibility into transaction performance. Direct access to local transaction data also supports more precise fraud management and enables businesses to identify and address sources of payment friction more effectively.

Global brands entering South Africa will be able to access these capabilities through the same Nuvei integration they use across other markets. Businesses already serving South African consumers cross-border will be able to establish a more locally optimized payments operation without adding a separate gateway, acquiring relationship, and reporting environment. That gives them room to adapt the checkout experience to local expectations while managing authorization, fraud prevention, reconciliation, and reporting through one platform.

About Nuvei

Nuvei is the global fintech building the infrastructure for every payment, everywhere. Its flexible platform supports the full transaction lifecycle, giving the world's leading companies a single partner for local and cross-border commerce at scale, including the emerging wave of AI-driven agentic commerce. With reach in more than 190 markets, local acquiring in 50+ countries, 150 currencies, and over 720 alternative payment methods, Nuvei brings global infrastructure and local expertise to every market its customers serve.

Learn more at Nuvei.com

Contact:
Public Relations
alex.hammond@nuvei.com

 

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SOURCE Nuvei

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What payment authorization did Nuvei secure in South Africa?

Nuvei secured Payments Association of South Africa (PASA) authorization to offer local merchant payment services in South Africa. The addition extends its local acquiring infrastructure to 52 markets.