- Business
- Nuvei Corporation provides payment technology solutions that enable merchants and partners to accept next-generation payments, offer comprehensive payout options, and benefit from card issuing, banking, risk and fraud management services; its modular platform supports global processing, alternative payment methods, data-driven business intelligence tools, embedded finance, and omnichannel capabilities across eCommerce, B2B, B2G, and integrated software vendor markets. The company offers a fully integrated payments engine with capabilities in gateway services, currency management, fraud prevention, PINless debit, least cost routing, stablecoin payouts, AI-driven onboarding agents, and ERP integrations such as Microsoft Dynamics 365; it connects businesses to customers in over 200 markets, with local acquiring in more than 50 markets, support for 150 currencies, and 700 alternative payment methods including Google Pay, Visa Direct, and Wero. Nuvei targets high-growth verticals like gaming, hospitality, travel, luxury retail, automotive, and EV charging, serving clients such as Mercedes-AMG PETRONAS Formula One Team, Volkswagen Brazil, Temu, Chow Sang Sang, and Virgin Voyages. Founded in 2003 and headquartered in Montreal, Quebec, Canada, the company operates globally with offices in North America, Europe, Latin America, Asia-Pacific including a new Tokyo headquarters in 2025, and the Middle East; it maintains key facilities in Phoenix, Arizona; Tel Aviv, Israel; and Singapore. In recent developments, Nuvei completed a going-private transaction in November 2024, acquired by Advent International alongside rollover shareholders Philip Fayer, Novacap, and CDPQ for US$34 per share, delisting from Nasdaq and TSX while implementing a Value Creation Plan for operational optimization and growth; it expanded its global clearing platform to North America for 60% faster reconciliation, launched direct local acquiring in Canada and Colombia, acquired Till Payments and Payaut to bolster APAC and platform capabilities, entered strategic partnerships with Microsoft for payment APIs, Adobe for eCommerce, Early Warning for Paze checkout, and Volkswagen for connected vehicle payments, and launched innovations like AI integration agents, Visa Trusted Agent Protocol support, and omnichannel solutions in Japan and the UK gaming sector.