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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 (NVEI) reported strong Q3 2024 financial results with total volume increasing 27% to $61.3 billion and revenue growing 17% to $357.6 million year-over-year. The company posted net income of $17.2 million, compared to a net loss of $18.1 million in the previous year. However, Adjusted EBITDA decreased 2% to $108.8 million, and Adjusted net income fell 8% to $52.3 million. The company is proceeding with its previously announced take-private transaction by Advent International, valued at approximately $6.3 billion or $34.00 per share, expected to close in Q4 2024. A quarterly dividend of $0.10 per share was declared, payable December 12, 2024.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) has been named Payment Service Provider of the Year for the 2024 American Gambling Awards, produced by Gambling.com Group (Nasdaq: GAMB). This accolade highlights Nuvei's leadership in iGaming payment solutions and its commitment to empowering operators in the regulated U.S. online gambling industry.
With over 20 years of expertise, Nuvei offers innovative payment solutions tailored to the highly regulated U.S. market, connecting operators to over 200 local acquirers and more than 700 alternative payment methods. The company's services address critical challenges such as regulatory compliance and optimization of player engagement.
Nuvei's adoption of Open Banking through its Instant Bank Transfer platform, powered by Clearing House's RTP Network, showcases its commitment to addressing key operator payment challenges, including speed, reliability, and user experience.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) has partnered with BigCommerce (Nasdaq: BIGC) to provide comprehensive omnichannel payment solutions to BigCommerce customers through its Nuvei for Platforms solution. The partnership, launching across North America, Europe, and APAC, offers a suite of services including payment acceptance, pre-authorization, refund management, advanced 3DS2 technology, multi-currency support, and embedded checkout integration.
Benefits for BigCommerce brands and retailers include bank-agnostic fast settlements, access to alternative payment methods, centralized payment management, and dedicated integration support. The collaboration aims to streamline operations, cater to diverse customer preferences, and optimize payment processing costs with same-day or next-day funding options.
JCB and Nuvei have expanded their global partnership to include Singapore and Hong Kong, enabling businesses in these markets to accept payments by JCB credit and debit cards through their existing Nuvei integration. This expansion builds on Nuvei's existing relationship with JCB in Europe, strengthening Nuvei's position in the rapidly growing Asia-Pacific (APAC) eCommerce market.
Key points:
- Nuvei now offers JCB acceptance to its global merchant ecosystem
- JCB's 158 million cardmembers can pay directly to online businesses integrated with Nuvei
- Nuvei is a fully licensed direct local acquirer in Singapore and Hong Kong
- Singapore's eCommerce market is predicted to grow at a CAGR of nearly 10%, reaching US$23.5 billion by 2027
- Hong Kong's eCommerce market is projected to grow at a CAGR of nearly 9%, exceeding US$7 billion by 2029
Nuvei (Nasdaq: NVEI) (TSX: NVEI) has announced new features and enhancements for its Nuvei for Platforms product. The upgrades aim to accelerate growth and drive revenue for various business models, including marketplaces, commerce platforms, and payment facilitators. Key features include:
1. Decoupled pay-ins and payouts for greater flexibility in managing cash flow and expanding geographic reach.
2. Split Payments for automatic transaction splitting and PSD2 compliance.
3. Auto Reconciliation to simplify accounting and operations.
4. Enhanced Balance Management and Seller Invoicing capabilities.
The Embedded Payments market is projected to grow from $83bn in 2023 to $730bn by 2032, presenting significant revenue opportunities for Nuvei. The company also recently acquired marketplace technology provider Payaut to further support innovation in the payments space.
Nuvei (Nasdaq: NVEI) (TSX: NVEI), a Canadian fintech company, has released its third annual Environmental, Social and Governance (ESG) Report for 2023. The report highlights Nuvei's ongoing achievements across key ESG pillars and its commitment to being a people-first, technology-led global payments platform.
Key 2023 ESG achievements include:
- Integrating ESG Materiality Assessment results into long-term strategy
- Establishing a formal ESG Policy
- Conducting and implementing results from a companywide team member engagement survey
- Creating a Team Member Resource Group, OneNuvei, with sub-groups for DE&I, Wellness, and Global Collaboration
- Meeting the goal of 30% women representation on the Board
- Assessing GHG emissions to understand environmental impact
The report aligns with SASB Technology and Communications standards and UN Sustainable Development Goals.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) has partnered with Scanco Software, to enhance Scanco's new Invoice2Payment (i2PAY) solution. This collaboration integrates Nuvei's advanced B2B payment capabilities into Scanco's warehouse management software, offering features like online payment processing, email receipts, automated deposits, and analytics. The partnership aims to streamline operations, improve financial visibility, and shorten invoice-to-cash cycles for Scanco's customers in the manufacturing and distribution industries.
Nuvei's ERP payments engine will provide seamlessly integrated payment acceptance and disbursement solutions, along with single-view visibility of data and insights. This integration will help Scanco customers reconcile financial information across systems more efficiently and support Scanco's goal of developing an Autonomous Supply Chain platform.
Nuvei (NVEI) reported its Q2 2024 financial results, showing mixed performance. Total volume increased 22% to $61.7 billion, and revenue grew 13% to $345.5 million. However, net income decreased 54% to $5.3 million. Adjusted EBITDA rose 6% to $116.8 million, and adjusted net income increased 8% to $62.6 million.
The company also provided an update on its proposed take-private transaction with Advent International, valuing Nuvei at approximately $6.3 billion. The deal, approved by shareholders and the court, is expected to close in late 2024 or Q1 2025, subject to regulatory approvals.
Nuvei declared a cash dividend of $0.10 per share, payable on September 5, 2024, to shareholders of record on August 20, 2024.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) has announced a definitive agreement to acquire Pay2All, a licensed Payment Institution in Brazil. This strategic move aims to enhance Nuvei's capabilities in the Brazilian market and strengthen its presence in Latin America. The acquisition will enable Nuvei to offer comprehensive payment services in Brazil, including accepting payments, managing e-wallets, and processing PIX transactions.
The Payment Institution license is important for providing transactional services in Brazil's newly regulated sports betting and online gaming market. With the Brazilian iGaming market projected to reach US$4.03bn by 2029, Nuvei is positioning itself as a leading payment partner for iGaming and eCommerce ecosystems in the country. The transaction is subject to regulatory approvals from the Central Bank of Brazil and local antitrust authorities.
Nuvei (Nasdaq: NVEI) (TSX: NVEI), a Canadian fintech company, has announced it will release its second quarter 2024 financial results after market close on August 6, 2024. This announcement comes in the context of Nuvei's recent agreement to be taken private by Advent International, along with existing Canadian shareholders Philip Fayer, Novacap, and CDPQ. The privatization deal, announced on April 1, 2024, values Nuvei at an enterprise value of approximately US$6.3 billion, with shareholders set to receive US$34.00 per share in an all-cash transaction. Due to this pending transaction, Nuvei will not host a conference call or webcast to discuss the Q2 2024 results.
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