Nuvei Stock Price, News & Analysis

Nuvei Corporation (Nasdaq: NVEI) announced it will release its first quarter 2023 financial results on May 10, 2023, before market open. Management will host a conference call to discuss these results at 8:30 am ET. The call will feature CEO Philip Fayer and CFO David Schwartz, and will be accessible via the company's investor relations website.

Live phone access is available at 877-425-9470 (US/Canada) or 201-389-0878 (international). A replay of the call will be offered for two weeks, available after one hour post-call by dialing 844-512-2921 (US/Canada) or 412-317-6671 (international) with conference ID 13737501.

Nuvei is a Canadian fintech company providing flexible payment solutions across more than 200 markets, serving clients with diverse payment options and advanced technology.

Nuvei Corporation (Nasdaq: NVEI) has enhanced its payment platform, now fully integrated with Sabre Corporation's reservation systems for the travel sector. This integration allows Sabre's partners to access a global reach with customizable payment solutions, improving card payment approval rates and minimizing revenue loss from false declines. Nuvei offers over 600 alternative payment methods, promoting seamless online transactions. The partnership aims to enhance operational efficiency through unified reporting and data visibility. Leading brands like Virgin Atlantic and Air Transat have chosen Nuvei as their preferred payments partner, reflecting its growing impact in the travel industry.

Nuvei Corporation (Nasdaq: NVEI) has been selected as the exclusive payments partner of Cart.com, a leading eCommerce software provider, to enhance customer payment experiences. This collaboration will leverage Nuvei for Platforms, which offers a comprehensive and customizable payment solution, encompassing merchant onboarding, pay-ins, and fraud prevention. Cart.com caters to various merchants, providing an integrated platform for online selling and fulfillment. The partnership aims to equip Cart.com customers with advanced payment technologies to facilitate their growth and competitive edge in eCommerce. Nuvei's Chair and CEO highlighted that this collaboration strengthens the revenue potential for online retailers by optimizing payment solutions for all business sizes.

On April 17, 2023, Ryan Reynolds, the renowned Hollywood actor and entrepreneur, announced his investment in Canadian fintech company Nuvei Corporation (Nasdaq: NVEI). Reynolds highlighted the impressive leadership and growth potential of Nuvei, which connects eCommerce businesses with global customers through over 600 alternative payment methods and local acquiring in more than 200 markets. This investment follows Reynolds' recent successful involvement in the acquisition of Mint Mobile by T-Mobile for $1.35 billion. Nuvei's momentum includes the acquisition of Paya, enhancing its capabilities in B2B and integrated payments. The company's ongoing efforts to expand in LATAM and APAC markets further demonstrate its commitment to global growth.

Nuvei's latest research, in collaboration with Edgar, Dunn & Company, reveals that 75% of eCommerce businesses require improved support for payment optimization due to their dependence on multiple payment providers. The study indicates that 54% of online firms utilize at least six providers, recognizing the potential for revenue growth in a competitive landscape. However, 59% acknowledge that customers experiencing payment declines may not return. Nuvei emphasizes the importance of Payment Orchestration in enhancing payment performance and operational efficiency. The whitepaper offers guidance on implementing these solutions effectively.

Nuvei Corporation (Nasdaq: NVEI), the Canadian fintech company, has announced the renewal of its normal course issuer bid (NCIB) for purchasing up to 5,556,604 subordinate voting shares, representing about 10% of its public float with a total value of approximately U.S.$228.3 million.

The NCIB will be effective from March 22, 2023 to March 21, 2024, allowing purchases at market price through various platforms. This renewal follows a previous NCIB where 3,660,743 shares were repurchased at an average price of U.S.$45.51. Nuvei aims to utilize excess cash for these repurchases, aligning with their strategy to enhance shareholder value.

Nuvei Corporation (Nasdaq: NVEI) reported its financial results for Q4 and FY 2022, highlighting a total volume growth of 39% on a constant currency basis. For Q4, total volume reached $40.3 billion, with eCommerce making up 91%. Revenue increased by 4% to $220.3 million, impacted by foreign exchange fluctuations. Net income decreased by 24% to $9.4 million, while adjusted EBITDA fell by 6% to $85.7 million. For FY 2022, total volume grew 34% to $127.7 billion, with revenue up 16% to $843.3 million. The company expects organic revenue growth, excluding digital assets, to range between 23% and 28% for FY 2023.

Nuvei has launched its payment solutions in Australia, catering to the country's robust eCommerce sector, valued at $47 billion with 8.9% growth in 2022. This expansion follows successful launches in Singapore and Hong Kong. With regulatory licenses secured, Australian businesses can utilize local acquiring to enhance payment acceptance and minimize risks. The integration of the New Payments Platform (NPP) allows for instant, year-round settlements, greatly benefiting fast-paced industries. Nuvei's platform supports over 600 alternative payment methods, aligning with Australia's high internet penetration of 91%, where over 90% of online users shop online.