Nuvei announces next step in its global expansion plan with Australia launch
2023年3月6日 - 7:00AM
Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX:
NVEI), the Canadian fintech company, announces today that
businesses operating in Australia can now access its full suite of
market-leading payments solutions including acquiring, processing,
alternative payment methods and risk management.
Australian businesses operating locally and globally will
benefit from Nuvei’s cutting-edge, agile technology that’s built to
accelerate their growth. Nuvei’s payments platform enables
businesses to optimize operating costs and boost conversion rates
by maximizing payments acceptance, minimizing risk, and enhancing
the consumer payment experience. This includes offering all local
and relevant payment methods.
Launching in Australia is the latest initiative from Nuvei as it
continues to grow its presence and capabilities in the Asia-Pacific
(APAC) region, following its successful launch in Singapore and
Hong Kong in 2022.
Nuvei Chair and CEO Philip Payer commented on the announcement:
“Our mission is to help our customers connect with their customers
regardless of location, payment method or currency. Launching in
Australia is a natural step for our continued expansion in APAC,
having already established a strong and growing presence in the
region.”
Nuvei is launching in Australia having secured regulatory and
scheme licenses to support customers with local acquiring in the
country.
Fayer continued: “We know the role local acquiring plays in
payments optimization, which is why Nuvei’s local acquiring network
across the globe is unparalleled. Being able to support merchants
in Hong Kong, Singapore, and now Australia with local acquiring
solutions demonstrates our commitment to our customers’
growth.”
While debit and credit card payments are the preeminent online
payment method for Australian consumers, alternative payment
methods (APMs) are also growing in popularity. Nuvei technology
enables businesses to accept all the relevant payment methods in
the region (including local currencies for cross-border
transactions) in addition to card acquiring. This includes New
Payments Platform (NPP), Australia’s account-to-account fast
payments open access infrastructure, giving consumers even more
choice over their payments experience.
Benefits of NPP for consumers include instant, 24/7/365
settlements, making this payment method particularly relevant for
industries where payouts are critical to the overall payments
experience.
Australia is a significant market for eCommerce in APAC and
globally. It is the world’s 12th largest economy and had an
eCommerce market value of $47bn (with 8.9% growth)[1] in 2022.
Internet penetration in Australia is 91%[2] and over 90% of
Australian internet users make online purchases.
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 45+ 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
[1]
https://www.savvy.com.au/australias-online-shopping-behaviour-report-2022/#:~:text=Australia's%20online%20shopping%20industry%20is,retail%20therapy%20continues%20to%20skyrocket
[2]
https://www.statista.com/statistics/680142/australia-internet-penetration/
Alex Hammond
Nuvei
alex.hammond@nuvei.com
Investor Relations
Nuvei
IR@nuvei.com
Nuvei (NASDAQ:NVEI)
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Nuvei (NASDAQ:NVEI)
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