Nuvei – Business Times Oman http://www.businesstimesoman.com Mon, 16 Oct 2023 14:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Nuvei and Esenda partner to launch online payments for education providers http://www.businesstimesoman.com/nuvei-and-esenda-partner-to-launch-online-payments-for-education-providers/ http://www.businesstimesoman.com/nuvei-and-esenda-partner-to-launch-online-payments-for-education-providers/#respond Mon, 16 Oct 2023 14:00:00 +0000 http://www.businesstimesoman.com/?p=309358 MONTREAL and DUBAI, Oct. 16, 2023 (GLOBE NEWSWIRE) — Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), and Esenda, a leader in school fee management in the independent school market, announce today that they have partnered to launch an online Tuition Fee Collection and Income Management Platform.

Integrating Nuvei's sophisticated payment technology with Esenda's comprehensive fee management platform offers education providers a groundbreaking solution that not only increases efficiency but also significantly enhances security.

Payments can be made online for tuition fees, corporate debentures, extra–curricular activities, and additional student–related fees. In addition to card payments, an education provider's single integration with Nuvei and Esenda enables it to offer every relevant global alternative payment method to its students and their families, no matter where they are located.

Nuvei's fully customizable, modular technology stack also includes additional services to optimize payments performance. These include superior risk management, enhanced reconciliation, customer authentication compliance tools, and payment orchestration with unified reporting and data visibility to maximize operational efficiency and enhance control.

Esenda's system enhances fee collection by integrating with a school's financial systems. It offers features such as real–time invoice tracking, automated reconciliation, reminders for late payments, and easy report generation, significantly improving fee management efficiency.

Nuvei Chair and CEO Philip Fayer commented on the announcement: "Consumer expectations have changed when it comes to the convenience of making payments online in all areas of their lives, and education providers cannot afford to fall behind. Enabling education providers to upgrade their student experience by making tuition and day–to–day payments simple and convenient is a great example of the role payments can play in building customer relationships in any sector."

Bertie Simpson, Esenda's CEO quoted: “Partnering with Nuvei transforms how schools manage payments, making it seamless and secure. Gone are the days of parents having to drive to schools and line up to pay tuition. Now, everything can be handled online, bringing convenience to schools and families.”

The partnership is already live with one of the largest educational providers in Dubai, enabling the school to accept global payments, including card payments from all major issuers in the region, online for the first time.

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 47+ markets, 150 currencies and more than 600 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

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Ecommerce platform Ubuy selects Nuvei to accelerate its international growth http://www.businesstimesoman.com/ecommerce-platform-ubuy-selects-nuvei-to-accelerate-its-international-growth/ http://www.businesstimesoman.com/ecommerce-platform-ubuy-selects-nuvei-to-accelerate-its-international-growth/#respond Thu, 21 Sep 2023 13:11:51 +0000 http://www.businesstimesoman.com/?p=309149 MONTREAL and KUWAIT CITY, KUWAIT, Sept. 21, 2023 (GLOBE NEWSWIRE) — Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has been selected by Ubuy, a leading international eCommerce platform based in Kuwait that specializes in connecting consumers all over the world with global brands, to enhance its customer checkout experience.

Ubuy is leveraging Nuvei's global reach, local payments market expertise, and extensive suite of alternative payment methods (APMs), to enter new markets and offer its customers a diverse selection of payment options. Nuvei currently offers its customers access to 634 APMs, all available through a single integration. Online businesses can tailor each respective end market via the most relevant payment methods for that region to optimize the consumer checkout experience.

Alternative payment methods are increasingly critical to international expansion and accelerating growth for eCommerce businesses. Consumer payment preferences are constantly evolving, with a number of APMs such as Alipay (China), iDEAL (The Netherlands), and PIX (Brazil) now being the preferred online payment method for consumers in their region. Ubuy is enabling its customers in all three of these markets to pay using these preferred methods, as well as the most popular methods in many other markets, through its integration with Nuvei. Alternative payment methods also enable consumers to complete a purchase when a card transaction fails, ensuring customer retention and further boosting revenues.

Having access to all the leading payment methods in every market globally will enable Ubuy to scale internationally without compromising on its commitment to offering a ubiquitous consumer eCommerce experience to all its customers, no matter where they are located.

Ubuy's CTO & Founder, Dhari Al Abdulhadi, commented on the announcement: "It is important for us to offer an industry–leading eCommerce experience for our customers, including enabling them to complete purchases via any of the payment methods they are familiar with. We're delighted to be partnering with Nuvei to offer all the relevant payment methods our customers demand in each market we operate, through a single integration, and without the need to manage many dozens of independent relationships with payments companies."

Philip Fayer, Nuvei Chair and CEO, added: "It is our mission to enable our customers to connect more closely to their customers through payments, wherever they are based and however they want to pay. As an eCommerce business with customers all over the world, Ubuy's global appeal is underpinned by checkouts tailored to local markets. We're proud to support Ubuy as it continues to accelerate its growth."

This announcement further solidifies Nuvei's focus and commitment to pursuing growth in the Middle East and Africa region.

About Ubuy

Founded in 2012, Ubuy is a leading cross–border retail search engine that connects customers to over 100 million unique products from top international brands. Ubuy is committed to providing the best possible shopping experience for its customers, building a connected world where quality brands are just a tap away. The platform started from Ubuy Kuwait and currently caters to their services in more than 180+ countries, fostering a global shopping community.

For more information, visit www.ubuy.com

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 47+ markets, 150 currencies and 634 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

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Nuvei Expands its Acquiring Capabilities to the United Arab Emirates and North Africa http://www.businesstimesoman.com/nuvei-expands-its-acquiring-capabilities-to-the-united-arab-emirates-and-north-africa/ http://www.businesstimesoman.com/nuvei-expands-its-acquiring-capabilities-to-the-united-arab-emirates-and-north-africa/#respond Fri, 10 Dec 2021 15:30:00 +0000 http://www.businesstimesoman.com/?p=306012 MONTREAL and DUBAI, Dec. 10, 2021 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, announced today its expansion of local acquiring services to support merchants in the United Arab Emirates (UAE) and North Africa. Nuvei is certified by the Dubai Multi Commodities Centre (DMCC) and licensed to operate in the free trade zone. This new development positions the Company well to support its existing merchant base, as well as local merchants and international businesses looking to expand their footprint into this booming market.

As a region with an increasing global population, the UAE and North Africa are exploding with cross–border expansion potential: 60% of UAE consumers have purchased from an international online retailer. Alternative payment methods (APMs) like Google Pay and Apple Pay are also gaining significant traction. Nuvei will support growth–minded merchants by offering access to its full stack of innovative solutions, including APMs and other locally–preferred payment methods, plus direct connectivity to all the major payment card schemes. Through one single point of integration, merchants will benefit from a seamless, secure and compliant payment journey for their customers.

According to Global Data, the UAE's eCommerce market has grown by 33% in five years and is expected to grow another 104% by 2024. Through Nuvei's technology, merchants can tap into this potential, enabling them to support the different preferences and requirements of local and overseas consumers. Merchants will also benefit from the Company's state–of–the–art tools, increasing approval rates, as well as reducing the traditional manual and lengthy onboarding process, and associated high payment fees.

“This launch marks the acceleration of our strategic global expansion plans,” said Philip Fayer, Nuvei's Chair and CEO. “Investing in a physical presence and benefiting from our experts' local market knowledge will make a huge difference to our existing clients in the region, as well as the many domestic and international businesses looking to optimize their payment strategies in this flourishing market.”

“We have experienced a surge in new merchant demand in the UAE and North Africa, along with calls for greater support from existing customers in the region,” said Praful Morar, Chief Strategy Officer, Digital Payments at Nuvei. “We are delighted that with our local solutions and expertise, we will be able to meet this demand, as we are seeing major traction in retail, financial services, travel, and digital goods and services.”

About Nuvei

We are Nuvei (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration "" propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our 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 over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.

For more information, visit www.nuvei.com.

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