Nuvei

Shannon Waugh Named Head of Operations at PayBright

Retrieved on: 
Monday, September 11, 2023
Growth, Nuvei, Privately held company, Environment, Management, Online shopping, Tourism

RALEIGH, N.C., Sept. 11, 2023 (GLOBE NEWSWIRE) -- PayBright , a leading merchant services provider, announces today it has hired Shannon Waugh as its new head of operations.

Key Points: 
  • RALEIGH, N.C., Sept. 11, 2023 (GLOBE NEWSWIRE) -- PayBright , a leading merchant services provider, announces today it has hired Shannon Waugh as its new head of operations.
  • Additionally, Waugh will oversee PayBright’s partner support, merchant support, tech support, deployment and the application processing department, as well as supervise the finance department.
  • Waugh’s role will be crucial for PayBright’s continued growth, as it was recently named a two-time honoree of Inc. Magazine’s “Inc.
  • "As our new head of operations, she will play a crucial role in managing our internal staff and developing strategies that will drive continued growth.

Nuvei publishes its Second Annual Environmental, Social and Governance (“ESG”) Report

Retrieved on: 
Friday, September 8, 2023
Highlight, Culture, Silent Scope 2, Workplace, Materiality, GHG, WRI, Equity, Organization, Community, Publishing, Diversity, TSX, Ethics, ESG, Breast cancer, World Resources Institute, Environment, Female, Chair, Nursing, Management, Nuvei

MONTREAL, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has published its second annual ESG Report for 2022.

Key Points: 
  • MONTREAL, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has published its second annual ESG Report for 2022.
  • Nuvei continues to deliver on its vision of being a people-first, technology-led global payments enablement platform.
  • “Last year we embarked on an important first step on our ESG journey by publishing our inaugural ESG report.
  • Nuvei4Earth: Nuvei has built a culture around team member empowerment, social engagement, and sustainability.

Visa Expands Stablecoin Settlement Capabilities to Merchant Acquirers

Retrieved on: 
Tuesday, September 5, 2023
Blockchain, Cryptocurrency, Payments, Finance, Professional Services, Technology, Fintech, NFT, Crypto, Crypto.com, Internet, Eye, FIS, Nuvei, Movement, TPS, Athens Mass Transit System, Commerce, Growth, NYSE, Chair, Security (finance), USDC, Ethereum, Solana, Visa, Worldpay, Circle

Visa is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain and is working with merchant acquirers Worldpay and Nuvei.

Key Points: 
  • Visa is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain and is working with merchant acquirers Worldpay and Nuvei.
  • Before that pilot, settlement for cross-border purchases made on Crypto.com Visa cards required a days-long currency conversion process and costly international wire transfers.
  • This makes Visa one of the first major payments companies at scale to directly utilize Solana for live settlement payments between its clients.
  • As a leading global payments company, we are constantly focused on innovation, and we’re excited to work with Visa to bring these capabilities to our partners.”

Nuvei offers APAC’s online traders instant cash-outs via Mastercard Send™

Retrieved on: 
Monday, August 28, 2023
Prevalence, Investment, SINGAPORE, TSX, Growth, Environment, Cryptocurrency, Nuvei, Mastercard

Nuvei customers will then be able to process payouts, including business to consumer disbursements, and funding transactions between over 1.5 billion debit, credit, and prepaid Mastercard cards.

Key Points: 
  • Nuvei customers will then be able to process payouts, including business to consumer disbursements, and funding transactions between over 1.5 billion debit, credit, and prepaid Mastercard cards.
  • With this new service, online traders will enjoy a simpler and more convenient method of cashing out their investments, backed by Mastercard’s best-in-class fraud protection.
  • Whenever they wish to cash out, users only need to input their card details and make a request via Mastercard Send™.
  • Partnering with Mastercard Send™ enables us to offer our partners another trusted, instant payout method that will win new traders and generate revenue growth,” said Nuvei Chair and CEO Philip Fayer.

Education marketplace Stuvia selects Nuvei to accelerate its international growth

Retrieved on: 
Wednesday, August 23, 2023
Cropping system, TSX, Risk management, IDEAL, Nuvei, Online shopping, Bancontact Payconiq Company

Stuvia is harnessing Nuvei’s global reach, agile technology, and expertise via local acquiring capabilities in 47 markets to win new customers, accelerate revenue growth, and reduce costs through payments.

Key Points: 
  • Stuvia is harnessing Nuvei’s global reach, agile technology, and expertise via local acquiring capabilities in 47 markets to win new customers, accelerate revenue growth, and reduce costs through payments.
  • Stuvia is also capitalizing on Nuvei’s enhanced risk management engine to maximize its card payment acceptance rates, while also identifying fraudulent transactions before they can occur.
  • We determined that Nuvei was uniquely equipped to take our business to the next level.
  • Nuvei has a rich history of supporting marketplaces to accelerate revenue growth, as well as facilitating the gig and creator economies, which are underpinned by payments.”

Nuvei Announces Second Quarter 2023 Results, Introduces Quarterly Cash Dividend

Retrieved on: 
Wednesday, August 9, 2023
Infor, The Coca-Cola Company, IBM, InDrive, Cryptocurrency, Tax, Intelligence, E-commerce, SAP, ERP, Nuvei, Government, Public expenditure, United States Virgin Islands, Internal Revenue Code, Equifax, EBITDA, Income Tax Act, TSX, Growth, City, Hand, Three Months, Cart.com, Clothing, Bank, Tutoring, Video game, Bookkeeping, Real estate, Security (finance), Fine chemical, Sales, Holding company, Organic, Adjustment

“Nuvei delivered solid second quarter results with Total volume and revenue increasing 68% and 45%, respectively, as we continued to advance our strategic initiatives and scale our platform.

Key Points: 
  • “Nuvei delivered solid second quarter results with Total volume and revenue increasing 68% and 45%, respectively, as we continued to advance our strategic initiatives and scale our platform.
  • The Company ended the second quarter of 2023 with 2,089 employees.
  • Nuvei today announced that its Board of Directors has authorized and declared a cash dividend of $0.10 per subordinate voting share and multiple voting share, payable on September 5, 2023 to shareholders of record as of August 21, 2023.
  • The Company further expects to report such dividend as a dividend to U.S. shareholders for U.S. federal income tax purposes.

888 partners with Nuvei to enhance its payment experience in the U.S.

Retrieved on: 
Thursday, August 3, 2023
Transfer, Partnership, Risk management, Marketing, IGaming Business, TSX, Growth, Nuvei

Supporting its growth in the U.S. is the latest expansion of Nuvei’s longstanding global partnership with 888, including an existing relationship driving enhanced player experience at the cashier.

Key Points: 
  • Supporting its growth in the U.S. is the latest expansion of Nuvei’s longstanding global partnership with 888, including an existing relationship driving enhanced player experience at the cashier.
  • In addition to enabling 888 to accept deposits, players can instantly withdraw funds from their 888 account directly to their bank card or via Nuvei Instant Bank Transfer, the U.S. iGaming industry’s first payment method for instant account-to-account deposits and payouts.
  • Nuvei has provided payments services to 888 in Europe since 2017 and enabled 888 to launch in Ontario, Canada, once the province launched its newly regulated iGaming market in April 2022.
  • At 888 we’re committed to offering the most comprehensive iGaming experience in the market, so we’re excited to add Nuvei’s card acquiring capabilities alongside its Instant Bank Transfer solution.

Travel platform VakaTrip boosts conversion rates by 20% through its payments partnership with Nuvei

Retrieved on: 
Monday, July 31, 2023
TSX, Travel, Fraud, Partnership, Airline, Bank, Nuvei

This includes optimized settlement to enable smooth and efficient fund transfer, and best-in-class risk management solutions to secure transactions and minimize fraud.

Key Points: 
  • This includes optimized settlement to enable smooth and efficient fund transfer, and best-in-class risk management solutions to secure transactions and minimize fraud.
  • Since partnering with Nuvei, VakaTrip has witnessed substantial improvements in its business performance.
  • Conversion rates for successful payments have increased by 20%, and VakaTrip has achieved a 15% reduction in total payment costs, optimizing payments performance further.
  • We look forward to maximizing revenues for VakaTrip as our partnership continues.”

CloudPay selects Nuvei to bring greater speed and agility to its payments

Retrieved on: 
Thursday, July 27, 2023
Partnership, TSX, Online shopping, Nuvei

Nuvei Chair and CEO Philip Fayer commented on the announcement: “We’re excited to be demonstrating yet another fantastic use case for our cutting-edge payments technology.

Key Points: 
  • Nuvei Chair and CEO Philip Fayer commented on the announcement: “We’re excited to be demonstrating yet another fantastic use case for our cutting-edge payments technology.
  • “CloudPay and Nuvei are at the forefront of providing solutions that help workers access their pay faster.
  • Through strategic partnerships that extend capabilities and increase speed, the company is elevating pay from an operational function to a business driver.
  • Employers looking for ways to elevate the employee experience now have the ability to do so at scale across the globe.

Nuvei and Plaid extend partnership to new regions and eCommerce verticals

Retrieved on: 
Tuesday, July 18, 2023
Transfer, Partnership, Hamstringing, B2B, E-commerce, Frictionless, SAN, TSX, Online shopping, Plaid, Nuvei

Nuvei and Plaid are also announcing an intention to scale their partnership globally before the end of the year.

Key Points: 
  • Nuvei and Plaid are also announcing an intention to scale their partnership globally before the end of the year.
  • While bank-based payments are typically not guaranteed, the Nuvei, Plaid partnership offers merchants the ability to assess transaction risk in real time and reduce return rates through Plaid Signal , a network-based machine learning model.
  • “Plaid and Nuvei have a proven track record of helping companies streamline account funding experiences through bank transfers.
  • We are excited to extend our partnership with Nuvei to bring safe, secure and seamless bank-based experiences to more companies and industries within the eCommerce realm.”