By Dean Seal

Shares of Nuvei advanced after the company said it is partnering with Adobe to simplify online payments on the Adobe Commerce platform.

The stock is up more than 7% at $24.59. Shares are still down 7% since the start of the new year.

The Canadian fintech company said Tuesday that customers of Adobe Commerce, Adobe's platform that allows businesses to manage and scale their commerce offerings, can now access Nuvei's full suite of payment types, including online, offline, mobile, in-app, recurring and more.

The partnership will allow business-to-business and business-to-customer clients on the Adobe Commerce platform to simplify their payment relationships and expand into new markets, Nuvei said.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

January 23, 2024 15:32 ET (20:32 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.
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