Nuvei And Microsoft Forge Partnership Global Payment

Republished By Plato

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The Canadian fintech company Nuvei
Corporation has unveiled a partnership with Microsoft, aiming to develop
payment experiences for customers globally. This collaboration leverages
Nuvei’s technology to optimize payments across Microsoft’s product ecosystem,
particularly in the Middle East and Africa regions.

With a presence in over 200 markets,
Nuvei offers a suite of services, connecting businesses with customers through integrations.

Nuvei’s global payments capabilities offer optimized authorization rates, risk
management, and access to local alternative payment methods through a
single integration.

Philip Fayer, Nuvei Chair and CEO, Nuvei, Source: LinkedIn

Ajith Thekadath, Vice President Global Payments, Microsoft, Source: LinkedIn

Philip Fayer, the Chair and CEO of Nuvei, 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.”

The partnership aims to extend across
additional markets, exploring new use cases, including integration with
Microsoft Dynamics 365, the business applications technology suite. Both Nuvei
and Microsoft aim for collaborative exploration as innovative, technology-led
businesses, seeking to enhance their commercial relationship.

“We’re pleased to extend our
payment solutions to the Middle East and African
region,” added Ajith Thekadath, the Vice President of 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.”

China Office Inauguration and Mastercard
Partnership

In an earlier report by Finance Magnates, it was mentioned
that Nuvei
Corporation had expanded its presence in the Asian-Pacific (APAC) region by
opening a new office in China. This move has aligned with Nuvei’s strategy to
empower e-commerce businesses globally with both a broad reach and local market
expertise.

Fayer expressed excitement about adding
an office in China, emphasizing the importance of global reach and regional
expertise for e-commerce businesses scaling internationally. The company has
already partnered with Chinese businesses, including Geekbuying, Vakatrip, and
Cupshe, offering cross-border payment services.

Nuvei’s expansion in the APAC region
involves securing local licenses in Singapore, Hong Kong, and Australia. The
company has also entered a strategic partnership with Mastercard to provide
instant payouts to bank cards for businesses, initially in Singapore and soon
expanding to Australia and Hong Kong. Nuvei anticipates
further growth driven by the surge in online trading activity globally.

With a presence in over 200 markets,
Nuvei offers a suite of services, connecting businesses with customers through integrations.

Nuvei’s global payments capabilities offer optimized authorization rates, risk
management, and access to local alternative payment methods through a
single integration.

Philip Fayer, Nuvei Chair and CEO, Nuvei, Source: LinkedIn

Ajith Thekadath, Vice President Global Payments, Microsoft, Source: LinkedIn