Nuvei’s agile payments technology enhances Microsoft’s payments experience and opens new revenue streams for its customers.

MONTREAL, December 4, 2023 /PRNewswire/ — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian financial technology company, today announces its partnership with Microsoft to deliver premium payments experiences plan to its customers. of its products, solutions and services in several of its key markets.

Microsoft will begin using Nuvei’s agile, customizable payments technology in Middle East and the Africa region, while benefiting from Nuvei’s in-depth knowledge of local markets to optimize its payments for recurring billing and individual transactions across its Office and Xbox product lines.

Other benefits of Nuvei’s global payments capabilities that Microsoft leverages include optimized authorization rates through local sourcing and superior risk management that minimizes false declines, as well as Nuvei’s ability to offer all payment methods. payment alternatives. the integration. Philippe Fayer, President and CEO of Nuvei, said: “Enabling Microsoft to connect with its customers across a broad range of products is a testament to our technology and commitment to world-class customer service. “We’re excited to optimize payments for such a universal brand that so many people trust. »

“We are pleased to expand our payment solutions to the region Middle East and Africa,” added Ajith Thekadath, vice president of global payments at Microsoft. “Whether it’s a one-time purchase, software subscription, or in-game purchase, payments are essential to our customers’ overall experience. “The partnership with Nuvei allows our customers to pay wherever they are and whenever they want. »

Expand partnership across geographies and use cases

Nuvei and Microsoft are committed to expanding this partnership to other markets, as well as exploring new use cases to improve the overall Microsoft experience. This includes Microsoft Dynamics 365, its technology suite of enterprise applications that improves operational efficiency and enterprise resource management.

Fayer commented: “As two innovative technology-based companies providing solutions to many of the world’s leading international brands, it makes sense to explore how we can work more cooperatively as we develop our business relationship.

About Nuvei

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the global financial technology company that accelerates businesses for customers around the world. Nuvei’s modular, flexible and scalable technology enables large enterprises to accept next-generation payments, offer full payment options and benefit from card issuance, banking, risk management and of fraud. By connecting businesses to their customers in over 200 markets, with local purchasing in over 47 markets, 150 currencies and 669 alternative payment methods, Nuvei provides the technology and insights to enable its customers and partners to succeed locally and globally , with a single integration.

For more information, visit www.nuvei.com

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