Nuvei provides global payments infrastructure for merchants that need digital and in-person acceptance, payout options, card issuing, banking, risk management, and fraud management through a modular platform. Company news commonly covers merchant and technology partnerships, including virtual card payments for travel suppliers, enterprise omnichannel commerce, subscription payments, and European online retail expansion.
Updates also address Nuvei's payment-network capabilities, such as clearing and settlement infrastructure, authorization optimization, PINless debit, least-cost routing, tokenized checkout, and alternative payment method connectivity. Regulatory and product news includes its EU MiCAR Crypto-Asset Service Provider license, which supports regulated crypto-asset services within its broader payments and settlement infrastructure.
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.