Businesses will benefit from flexible,
scalable technology that unifies online and offline payments
seamlessly
MONTREAL, Feb. 7, 2024
/CNW/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq:
NVEI) (TSX: NVEI), the Canadian fintech company, announces today
that it is launching its enhanced omnichannel payments solution for
merchants and platforms. Nuvei's unified commerce offering, which
is now available to customers operating outside of North America for the first time, is enabling
businesses to develop new customer payments experiences with
greater control and unified analytics effortlessly.
This proprietary, flexible solution supports merchants and
partners by enhancing their payment offering across a wide variety
of use cases. Businesses from diverse end markets including
consumer retail, restaurant and hospitality, travel, and iGaming
are leveraging Nuvei's omnichannel technology to offer their
customers an enhanced, convenient experience at the checkout
specifically tailored for each channel, however and wherever
consumers want to pay.
Philip Fayer, Nuvei Chair and
CEO, commented on the announcement: "A unified approach to payments
across channels is increasingly critical for businesses to meet
customer expectations, optimize revenues, and accelerate growth.
Combining industry-leading technology in online and retail payments
into a single, truly unified solution not only supports our
existing customers to meet their growth goals, but also opens
exciting new opportunities as we execute on our strategy to develop
new use cases for the Nuvei platform and grow our total addressable
market."
Nuvei's unified commerce omnichannel solution deeply aligns the
best of its card-present ("CP") and card-not-present ("CNP")
technology for eCommerce, mobile, and in-store transactions. This
enables merchants to unify their online and retail payment
acceptance into a single, seamless integration for multiple
jurisdictions without compromising the agility required to
customize and scale payments effortlessly to facilitate growth.
Additional features of unified commerce for consumers include
the ability to buy or add products to the checkout basket through
one channel and amend the purchase or request a refund through
another. Businesses are also able to run separate pricing, loyalty
and incentive programs for online and physical channels.
Nuvei's platform features a single view of comprehensive
reporting analytics and insights for both CP and CNP transactions,
equipping businesses with the data required to make the smarter,
more informed decisions required to optimize their payments
function holistically. Other streamlined operations through a
common API optimizes payments further, including a single
consistent developer experience and centralizing payment processing
across channels through tokenizing transactions .
Nuvei's flexible approach to retail payments hardware enables
merchants to utilize its in-house, semi-integrated cloud solution
Verifone Android terminals, or to adopt a 'bring your own device'
model. Nuvei's in-house solutions are constructed using the latest
hardware technology and are fully customizable, enabling businesses
to craft custom value-added applications tailored to their unique
needs.
In addition to accessing each element of its full stack payments
technology through the same single integration for multiple
geographies, Nuvei's global reach, including local acquiring
capabilities in 50 countries and connectivity to 680 alternative
online payment methods (APMs), enables businesses to scale their
omnichannel payments internationally as they expand into new
markets. Nuvei's unique approach to global customer support from
integration through to geographic expansion simplifies the pursuit
of growth further.
Fayer continued: "As businesses expand into new markets, they
are increasingly looking to partner with payments providers that
can remove complexity while still offering the agility and insights
to optimize growth. Omnichannel payments are intricate, so it is
imperative for customers to work with a partner that understands
their business to optimize revenue and the customer experience. Our
omnichannel solution enables businesses to reach customers through
payments on every channel effortlessly."
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company
accelerating the business of clients around the world. Nuvei's
modular, flexible and scalable technology allows leading companies
to accept next-gen payments, offer all payout options and benefit
from card issuing, banking, risk and fraud management
services. Connecting businesses to their customers in more than 200
markets, with local acquiring in 50 markets, 150 currencies and 680
alternative payment methods, Nuvei provides the technology and
insights for customers and partners to succeed locally and globally
with one integration.
For more information, visit www.nuvei.com
NVEI-IR
Contact:
Public Relations
alex.hammond@nuvei.com
Investor Relations
IR@nuvei.com
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SOURCE Nuvei