Welcome to our dedicated page for Nuvei news (Ticker: NVEI), a resource for investors and traders seeking the latest updates and insights on Nuvei stock.
Nuvei Corporation (NVEI) is a Canadian fintech company in the financial transactions processing industry that regularly announces developments related to its global payments platform, partnerships, and regulatory authorizations. News about Nuvei often focuses on how its modular, flexible, and scalable technology supports next-generation payments, payouts, card issuing, banking, and risk and fraud management services across more than 200 markets.
Recent announcements highlight Nuvei’s role in enterprise and omnichannel commerce, such as its partnership with FreedomPay to provide a unified payments approach for in-store and digital commerce, and its integration with Zuora to support global subscription and recurring revenue payments. Other updates describe Nuvei’s work with sector-specific partners, including flaconi in European beauty and fragrance eCommerce, Virgin Voyages in travel and hospitality, and Gaming Innovation Group in iGaming.
Nuvei also publishes news about enhancements to its payments infrastructure and optimization tools. Examples include expanding its proprietary global clearing and settlement platform to North America, adding PINless debit and least cost routing to its Authorization Optimization suite, and launching a blockchain-based payment solution in Latin America that uses stablecoins for cross-border B2B settlements.
Regulatory and crypto-asset developments are another recurring theme, such as Nuvei obtaining a Crypto-Asset Service Provider license under the EU’s Markets in Crypto-Assets Regulation and a Payment Institution license for services related to electronic money tokens. Investors and observers can use the Nuvei (NVEI) news feed on Stock Titan to follow these types of announcements, including partnerships, platform upgrades, regional expansions, and regulatory milestones.
Nuvei Corporation (Nasdaq: NVEI) has enhanced its integration with XDC Network by collaborating with the XDCPay Web3 wallet. This allows users to purchase XDC using Visa, Mastercard, and Apple Pay with over 100 local currencies. XDCPay simplifies access to decentralized finance and applications, promoting broader market participation. This partnership, which began in July 2021, aims to streamline transactions within the XDC ecosystem, further propelling its growth and user engagement in decentralized finance.
Nuvei Corporation (Nasdaq: NVEI) has announced an automatic share purchase plan (ASPP) related to its previously disclosed normal course issuer bid (NCIB). This plan enables the purchase of up to 6,617,416 subordinate voting shares during regulatory blackout periods. The designated broker will make purchases based on pre-set parameters, effective March 18, 2022. As of now, Nuvei has already acquired 1,175,766 shares under the NCIB.
Nuvei Corporation (Nasdaq: NVEI) has partnered with Ledger to offer direct on-ramps for over 125 cryptocurrencies via its Simplex solution. Users can purchase crypto using various fiat options like Visa and Mastercard, enhancing security and usability by eliminating the need for external exchanges. This integration allows Ledger users to have broader funding options and guarantees protection against fraud. The CEO of Nuvei emphasized the importance of streamlined access to crypto for ecosystem growth, while Ledger's VP noted that the partnership expands their service offerings.
Nuvei Corporation (Nasdaq: NVEI) has partnered with Scout Gaming to enhance online payments for its US-based daily fantasy sports platform, FanTeam. This collaboration will grant FanTeam access to over 500 innovative payment methods across 200+ markets, allowing for improved customer retention and increased acceptance rates. The support from Nuvei is expected to solidify its position as a leading payments partner in the rapidly growing fantasy sports and sports betting industries, backed by its advanced payment processing services.
Nuvei Corporation (Nasdaq: NVEI) has announced significant leadership changes to enhance its global growth strategy. Yuval Ziv has been promoted to President, overseeing product, sales, and AI capabilities. Praful Morar has been appointed Global Expansion Officer to lead international growth, relocating to Singapore. Netanel Kabala becomes Chief Data and Analytics Officer, focusing on data-led services. These strategic appointments aim to strengthen Nuvei's management team and support its commitment to high-growth markets and innovation.
On February 15, 2022, Nuvei (Nasdaq: NVEI), a global payment technology partner, announced a donation to Youth Development Now (YDN), a North American non-profit organization aimed at improving youth mental and physical health through athletics. This initiative is part of Nuvei's broader Corporate Social Responsibility (CSR) program for 2022. The company, in collaboration with partner SMB Global and client SOLE Fitness, emphasizes its commitment to social causes that empower youth and promote well-being.
Nuvei Corporation (Nasdaq: NVEI) has launched as a payment provider for THG plc, enhancing payment services for THG's brands like Myprotein and Glossybox. This collaboration utilizes Nuvei’s recurring billing service, enabling secure automated purchases. Philip Fayer, CEO of Nuvei, expressed enthusiasm for the partnership, emphasizing shared values of innovation and service.
Nuvei's platform supports over 500 payment methods across 200 markets, solidifying its position as a key player in online retail payments.
Nuvei Corporation (Nasdaq: NVEI) has received approval from the New York State Gaming Commission to process payments for newly licensed digital sports betting platforms. This includes five approved operators: Caesars Sportsbook, BetMGM, DraftKings, FanDuel, and Rush Street Interactive. The approval allows New Yorkers to place bets online, enhancing accessibility beyond physical betting locations. CEO Philip Fayer noted this development as a strategic move to support the expanding online sports betting industry, utilizing Nuvei's advanced payment processing solutions.
Nuvei Corporation (Nasdaq: NVEI) has partnered with Wix (Nasdaq: WIX) to enhance payment processing for Wix merchants in North America. This collaboration aims to provide fast, secure payment solutions for various industries, including those with complex regulatory requirements. Nuvei will facilitate local acquiring and payment processing, increasing transaction success rates and expanding Nuvei's brand visibility. Both companies are experiencing significant growth, indicating a robust alignment in their market strategies.
Nuvei Corporation (Nasdaq: NVEI) has released a new white paper titled Mystery to Opportunity: The Future of Crypto Payments, focusing on the increasing role of cryptocurrencies in eCommerce. The paper reveals that crypto payments currently account for about $6 billion of the $10 trillion global eCommerce market, highlighting an ongoing market inflection point. CEO Philip Fayer emphasizes that technological innovations, including NFTs and stablecoins, are driving the mainstream adoption of crypto payments, which is anticipated to evolve significantly over the next three to five years. The white paper is available for download on Nuvei's website.