Nuvei Corporation (Nasdaq and TSX: NVEI), the international payment tech partner of major brands, reveals that it’s teaming up with Visa, the leader in virtual payments, in order to offer Nuvei’s US customers with access to quick payouts via implementation of Visa Direct, which is Visa’s real-time push payments platform.
Initially offered in Europe, this option will aim to improve Nuvei’s payout capabilities in the U.S. and help create “a more efficient, secure and seamless payments experience for its merchant clients across virtually any industry.”
With Visa Direct, Nuvei’s customers may offer quicker payout capabilities to their clients, with transfers routed and processed in “near real time.” The expansion of Nuvei’s product offering with Visa Direct to the U.S. marks a key milestone as part of the firm’s mission to “deliver the latest payment innovations at a global level.”
“The introduction of Visa Direct to our U.S. merchant clients further strengthens our constantly evolving payout options,” stated Philip Fayer, Nuvei’s Chair and CEO.
“As consumers are looking for faster, simpler and more connected experiences, it is crucial that we provide solutions that best address their needs. An important part of this is supporting payments in real time, delivering a truly frictionless payment journey.”
“Our collaboration with Nuvei in Europe is already helping its customers realize the benefits of fast and secure digital payout capabilities via Visa Direct,” noted Ruben Salazar, SVP and global head of Visa Direct.
Salazar also mentioned:
“We are excited to partner with Nuvei in the U.S. so their clients can use Visa Direct to help them digitize paper-based, inefficient processes.”
As noted in a release, Nuvei serves as the the global payment technology partner of leading brands. They aim to offer the intelligence and appropriate tech solutions that businesses require to operate effectively on a domestic and global level, “through one integration – propelling them further, faster.”
The company also noted that they unite payment technology and consulting, so that they can “help businesses remove payment barriers, optimize operating costs and increase acceptance rates.”
Their proprietary platform “provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets.”
With support for 500+ local and alternative payment methods, almost 150 currencies and 40 cryptocurrencies, merchants can “capture every payment opportunity that comes their way.” The firm adds that its purpose is “to make our world a local marketplace.”