Nuvei's agile payments technology is enhancing
Microsoft's checkout experience and opening new revenue streams for
its customers
MONTREAL, Dec. 4, 2023
/PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company")
(Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces
today that it has partnered with Microsoft to deliver leading
payment experiences for customers of its products, solutions, and
services across many of its key markets.
Microsoft will start using Nuvei's customizable and agile
payments technology in the Middle
East and the Africa region,
while benefiting from Nuvei's deep knowledge of local markets to
optimize its payments for recurring billing and individual
transactions across both its Office and Xbox product ranges.
Other benefits of Nuvei's global payments capabilities Microsoft
is harnessing include optimized authorization rates through local
acquisition and superior risk management that minimize false
declines, as well as Nuvei's ability to offer all of the relevant
local alternative payment methods (APMs) to each market through a
single integration. Philip Fayer,
Nuvei Chair and CEO said: "Enabling Microsoft to connect to its
customers across a wide range of products is testament to our
technology and dedication to world-class customer service. We're
excited to optimize payments for such a universal brand that is
trusted and relied upon by so many people."
"We're pleased to extend our payment solutions to the
Middle East and African region,"
added Ajith Thekadath, Vice President Global Payments at Microsoft.
"Whether it is a one-off purchase, software subscription, or
in-game purchasing, payments are critical to our overall customer
experience. Partnering with Nuvei enables our customers to
pay wherever they are and whenever they want to."
Extending the partnership across geographies and use
cases
Nuvei and Microsoft are committed to extending this partnership
across additional markets, as well as exploring new use cases to
enhance the overall Microsoft experience. This includes Microsoft
Dynamics 365, its business applications technology suite that
drives operational efficiency and improved enterprise resource
management.
Fayer commented: "As two innovative, technology-led businesses
that provide solutions to many of the leading international brands
across the globe, it makes sense to explore how we can work more
cooperatively as we grow our commercial relationship."
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the global 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
669 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
NVEI-IR
Contact:
Public Relations
alexandra.bucur @nuvei.com
Investor Relations
IR@nuvei.com
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SOURCE Nuvei