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Nuvei's agile payments technology is improving Microsoft's payment 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 financial technology company, today announces that it has partnered with Microsoft to deliver leading payment experiences to customers of its products, solutions and services in many of its key markets.
Microsoft will begin using Nuvei's agile and customizable payments technology in the Middle East and Africa region, while benefiting from Nuvei's deep understanding of local markets to optimize its payments for recurring billing and individual transactions across its Office product ranges and Xbox.
Other benefits of Nuvei's global payments capabilities that Microsoft is leveraging include optimized authorization rates through local procurement and superior risk management that minimizes false declines, as well as Nuvei's ability to offer all alternative payment methods. (APM) locations relevant to each market through a single integration. Philip 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 dedication to world-class customer service. We are excited to streamline payments for such a universal brand that so many people trust.
"We are pleased to expand our payment solutions to the Middle East and Africa region," added Ajith Thekadath, vice president of global payments at Microsoft. "Whether it's a one-time purchase, a software subscription or an in-game purchase, payments are critical to our customers' overall experience. Partnering 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 additional markets, as well as exploring new use cases to improve the overall Microsoft experience. This includes Microsoft Dynamics 365, its enterprise application technology suite that drives operational efficiency and improves 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 grow our business relationship."
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the global financial technology company accelerating business for clients around the world. Nuvei's modular, flexible and scalable technology enables leading businesses to accept next-generation payments, offer all payment options and benefit from card issuance, banking, risk management and fraud services. By connecting businesses to their customers in over 200 markets, with local procurement in over 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 a single integration.
For more information, visit www.nuvei.com
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