Nuvei enables international e-commerce merchants to accept local payment methods in Latin America



Payment Technology Partner

MONTREAL, Jan. 04, 2022 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of successful brands, today announced its capability enhancement that allows international merchants to accept local payment methods in 10 Latin American countries. in addition to international card schemes and alternative payment methods (APM).

The company’s newly introduced solution will support local card schemes and alternative payment options, streamlining the configuration needed to support local payment methods, while increasing acceptance rates. This includes local currency settlement, non-Latin American currency settlement, regional settlement, or a combination of the three.

As LATAM’s payment ecosystem differs from country to country, merchants generally need a local presence to achieve high acceptance rates. Working with Nuvei allows any type of business to operate locally in LATAM, with or without a local presence, which is ideal for international merchants with consumers in the region. This includes industries such as online retail, marketplaces, social games, and NFTs.

Nuvei simplifies and secures payment processing for merchants as it is authorized and responsible for processing consumer credit and debit card transactions, as well as alternative payments such as PIX, Boleto, as well as prepaid cards and wallets electronics. The Company is also reducing the overhead of setting up the infrastructure to accept local payment methods.

“We are excited to continue to expand our support for global merchants with this key offering in Latin America,” said Philip Fayer, President and CEO of Nuvei. “Our localized solutions allow national and international companies to reach their customers more securely and efficiently.”

“Our local presence in Latin America ensures that we are well positioned to serve new and existing global customers in this rapidly growing region,” said Juan Franco, Nuvei General Manager, LATAM. “This allows our international customers to process payments locally without even setting foot there.”

Merchants operating in LATAM can also grow their business by leveraging Nuvei’s bank transfer and card issuance services, as well as accessing a full suite of local APMs in the region.

About Nuvei

We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner for successful brands. We provide the intelligence and technology businesses need to succeed locally and globally, through a single integration, driving them further, faster. By uniting payment technology and consulting, we help businesses eliminate payment barriers, optimize operational costs and increase acceptance rates. Our proprietary platform offers seamless checkout and payment capabilities, connecting merchants to their customers in over 200 markets globally, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can seize any payment opportunity that comes their way. Our goal is to make our world a local market.

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