Nuvei, a global payment technology provider based in Canada, announced on Wednesday its wholly-owned FCA regulated subsidiary has secured the scheme licenses to continue acquiring and processing Mastercard and Visa payments for merchants who are based in the UK beyond the FCA Temporary Permission Regime.
While sharing more details about the licenses, Philip Fayer, Nuvei’s Chair and CEO, stated:
“For UK merchants seeking a locally regulated payments partner, approved licenses will be critical. As a truly global fintech provider, we continue to support local businesses as they navigate and grow in this surging eCommerce market. Looking ahead to a post-Brexit economy, we remain committed as ever to providing the most innovative payment solutions and best service available to merchants in the UK and around the world.”
Founded in 2003, Nuvei provides fully-supported payment solutions designed to promote and advance its partners’ success.
“We work with ISOs, ISVs, payment facilitators, developers, and eCommerce platforms, supporting them with the technology, expertise, and customer service they need to stand out. Backed by our full-service, globally connected platform, our vision is to build a network in which our partners can truly thrive. Our goal is to create bigger and better payment opportunities for all, paving the way to great partnerships.”
The company previously raised $270 million in common equity financing as well as acquired Mazoom Technical Services, Inc.and Simplex.