Nuvei Stock Price, News & Analysis

Nuvei Corporation (Nasdaq: NVEI) partners with WeCook, a ready-to-eat meal delivery service, to enhance its payment processing capabilities across Canada. WeCook is experiencing rapid growth, having delivered over 4 million meals and secured CAD$40 million in strategic investments. The partnership will leverage Nuvei's advanced payment technology to streamline B2B and B2C transactions, facilitating WeCook's goal of expanding nationally by 2023. This collaboration aims to boost customer retention and increase conversion rates through innovative payment solutions.

Nuvei Corporation (Nasdaq: NVEI), a leading payment platform, has launched an advanced risk management model for its Instant Bank Transfer service in North America. Utilizing machine learning, the new model enhances fraud detection by analyzing transaction factors such as account age and value. Key benefits include improved customer retention, smarter payment acceptance, reduced risks, and lower costs associated with fraud. The detection rate for fraudulent transactions is expected to improve by 30% from launch, with ongoing enhancements anticipated as the system learns from more data.

Nuvei Corporation (Nasdaq: NVEI) has announced that the Québec Superior Court approved its plan of arrangement under the Canada Business Corporations Act. This arrangement amends the articles of amalgamation to incorporate constrained securities ownership provisions, enhancing compliance with share ownership restrictions. The amendments became effective on June 1, 2022, following the Court's final order.

Details on these amendments can be found in the management information circular dated April 14, 2022, available on SEDAR and EDGAR.

MONTREAL, May 31, 2022 - Nuvei Corporation (Nasdaq: NVEI) announces participation in two investor conferences. The first presentation will occur on June 1, 2022, at Cowen’s 50th Annual Technology, Media and Telecom Conference at 2:10 pm ET. The second will be on June 14, 2022, at RBC Capital Markets Financial Technology Investor Day at 1:45 pm ET. Both presentations will be available via live webcast on Nuvei’s investor relations website. Nuvei is a global payment technology partner that offers multi-currency solutions and extensive payment methods.

Nuvei Corporation (Nasdaq: NVEI) announced the results of its annual and special meeting of shareholders held on May 27, 2022. All six director nominees were elected with over 96% support. PricewaterhouseCoopers LLP was appointed as auditors with 99.95% approval. A special resolution for amendments to the articles of amalgamation passed with 98.14% support. These amendments await approval from the Quebec Superior Court on May 31, 2022. Final voting results will be filed on SEDAR and EDGAR.

Nuvei Corporation (Nasdaq: NVEI) has partnered with luxury travel operator Scott Dunn to provide a comprehensive global payment solution. This collaboration will enhance Scott Dunn's payment orchestration and smart routing capabilities, facilitating a seamless digital travel experience. The travel market is projected to generate US $637 billion in revenue in 2022, indicating strong recovery post-pandemic. Nuvei’s technology supports over 200 markets and various payment methods, positioning it as a key player in the growing travel and mobility sector.

Nuvei Corporation (Nasdaq: NVEI) has partnered with Betsson Group to provide instant deposits and withdrawals on its Betsafe sportsbook in Colorado. This collaboration enables users to deposit directly from their bank accounts and receive winnings in real-time, enhancing the overall player experience. Nuvei's Instant Bank Transfer technology secures financial details and streamlines transactions. This partnership marks a significant addition to Nuvei's U.S. iGaming portfolio, aligning with its strategy to meet the growing demand for efficient payment solutions in the sports betting market.

Nuvei Corporation (Nasdaq: NVEI) has partnered with Hard Rock Digital to enhance the payment services for its Hard Rock Sportsbook mobile app. Players in Arizona and Virginia can now use Nuvei's Instant Bank Transfer for quick deposits and withdrawals. This integration utilizes The Clearing House’s Real Time Payments network, allowing players to access their funds instantly, addressing the critical need for fast payouts in the gaming industry. Nuvei aims to solidify its role as a leading payment technology provider in the U.S. iGaming sector.

Nuvei Corporation (Nasdaq: NVEI) has partnered with Bibox, an AI-driven digital asset trading platform, to enhance access to over 145 cryptocurrencies. This partnership integrates Nuvei's Simplex solution, allowing Bibox users to buy cryptocurrencies with credit/debit cards, Apple Pay, and various transfers. The collaboration aims to deliver a seamless and secure trading experience, backed by fraud protection. Bibox, with over 20 million users globally, stands as a top-tier exchange, known for its security and advanced trading tools, ensuring a trustworthy digital asset management environment.