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 leading fintech innovator providing modular payment solutions across 200+ global markets. This page aggregates official news and press releases about the company’s strategic initiatives, financial performance, and technological advancements in digital payments.
Investors and industry professionals will find real-time updates on earnings reports, partnership announcements, product launches, and market expansions. Key coverage areas include payment technology innovations, regulatory developments, and cross-border transaction solutions that define Nuvei’s position in the fintech sector.
All content is curated to provide actionable insights while maintaining compliance with financial disclosure standards. Bookmark this page to stay informed about Nuvei’s global payment infrastructure developments, risk management strategies, and emerging market partnerships.
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.
Nuvei Corporation (Nasdaq: NVEI) has partnered with Project Ark to facilitate the purchase of NFTs using fiat currencies via its Simplex platform. This collaboration aims to enhance consumer access to Project Ark's ImpactNFTs, which support environmental and social causes. The initiative eliminates the need for users to set up external wallets, expanding the reach of these digital collectibles. The partnership aligns with both companies' goals of promoting sustainable practices and increasing global awareness of environmental issues.
Nuvei (Nasdaq: NVEI) is launching branded Visa debit cards for its partners in the European Economic Area and the UK through its subsidiary Simplex. This initiative follows a partnership with Visa and aims to optimize crypto transactions. The cards will allow users to seamlessly spend crypto earnings anywhere Visa is accepted, enhancing the fiat-to-crypto process. CEO Philip Fayer emphasized the cards' significance in bridging traditional finance and crypto. The initiative encourages increased adoption of cryptocurrency, benefiting merchants and consumers alike.
Nuvei (Nasdaq: NVEI) announced its expansion into local acquiring services for merchants in the UAE and North Africa, certified by the Dubai Multi Commodities Centre. The region's eCommerce market is growing rapidly, with a 104% projected increase by 2024. Nuvei will offer innovative payment solutions and access to major card schemes, enhancing the customer payment journey. This strategic move aims to meet the rising demand from existing and new merchants, facilitating their expansion in the booming market.
Nuvei Corporation (Nasdaq: NVEI) reaffirmed its financial outlook for 2021, emphasizing growth in total volume, revenue, and adjusted EBITDA margin. Responding to allegations from a short seller, the company claims these reports are misleading and aimed at damaging its reputation. Nuvei urges investors to focus on its actual performance and public filings instead of the short seller's claims. The company remains committed to its strategy and believes in its long-term targets, while highlighting its role as a global payment technology partner.
Nuvei Corporation (Nasdaq: NVEI) has received approval from the Louisiana Gaming Control Board to offer payment processing services for daily fantasy sports and sports wagering operators in Louisiana. This enables Nuvei to facilitate online sports betting across the state, which is projected to generate over $200 million in operator revenue and $2.5 billion in annual wagers. The company aims to optimize transactions for online gaming operators, expanding its services to 17 states where online wagering is legal.
Nuvei Corporation (Nasdaq: NVEI) has secured an Event Wagering and Fantasy Sports Supplier license in Arizona, enhancing its presence in the U.S. online sports betting market. With Arizona's legal sports betting generating an estimated $3 billion annually, this move positions Nuvei to leverage its payment technologies for increased revenue opportunities in the state. The approval complements the Company's existing operations, allowing for optimized transaction flows and instant payouts in a rapidly growing sector.
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