The Canadian fintech giant Nuvei Corporation has opened a
new office in China, strengthening its commitment to expanding its presence in
the Asian-Pacific (APAC) region. This expansion aligns with Nuvei’s vision to
empower e-commerce businesses with global reach and local market expertise.
Nuvei’s CEO, Philip Fayer, said: “We are thrilled to
add an office in China to our global footprint as we continue to build our
services in APAC. E-commerce businesses rely on payments partners with global
reach as well as local market expertise when they scale internationally. Our
increased presence will enable businesses in APAC to enter new markets as we
build on our existing regional expertise.”
Nuvei has partnered with several Chinese businesses looking
to expand globally. Some of them, such as Geekbuying, Vakatrip, and Cupshe, are
currently using its cross-border payment services.
Establishing a new operational hub in China is one of
Nuvei‘s recent initiatives, demonstrating its commitment to supporting
businesses in accelerating their growth through payments within the APAC
region. In 2022, the company announced its expansion in the region after obtaining local
acquiring licenses in Singapore and Hong Kong. Besides that, it secured a
local acquiring license in Australia.
@Nuvei is expanding its presence in the APAC region with a new operational hub in China, enhancing its global reach and enabling businesses to enter new markets with increased local expertise 🌐
Read more about our ongoing journey in APAC 🔗 https://t.co/GqascOUKbz
#Fintech pic.twitter.com/6MlLS47qgk
— Nuvei (@Nuvei) October 3, 2023
Moreover, Nuvei recently entered into a strategic
partnership with Mastercard, bringing the convenience of instant payouts to
bank cards for businesses, including trading platforms. Initially available to
Nuvei customers in Singapore, this service will soon expand to Australia and
Hong Kong, the company said.
Expansion through Strategic Partnerships
According to Fayer: “Trading platforms rely on fast,
secure deposits and payouts to optimize user experience. Partnering with
Mastercard Send enables us to offer our partners another trusted, instant
payout method that will win new traders and generate revenue growth.”
Nuvei, listed on Nasdaq and on the Toronto Stock Exchange (TSE) as NVEI, anticipates that
the surge in online trading activity will propel the adoption of its services. The firm recently cited a report by Fortune Business
Insights, which predicts explosive growth in the global online trading platform
market, expected to soar from USD $9.94 billion in 2023 to USD $15
billion by 2030.
Source: Fortune Business Insights
In January, Nuvei announced its acquisition of the Atlanta-based integrated payment service provider Paya in a deal valued at approximately USD $1.3 billion. This strategic move solidified Nuvei’s commitment to expanding
its payment infrastructure.
The Canadian fintech giant Nuvei Corporation has opened a
new office in China, strengthening its commitment to expanding its presence in
the Asian-Pacific (APAC) region. This expansion aligns with Nuvei’s vision to
empower e-commerce businesses with global reach and local market expertise.
Nuvei’s CEO, Philip Fayer, said: “We are thrilled to
add an office in China to our global footprint as we continue to build our
services in APAC. E-commerce businesses rely on payments partners with global
reach as well as local market expertise when they scale internationally. Our
increased presence will enable businesses in APAC to enter new markets as we
build on our existing regional expertise.”
Nuvei has partnered with several Chinese businesses looking
to expand globally. Some of them, such as Geekbuying, Vakatrip, and Cupshe, are
currently using its cross-border payment services.
Establishing a new operational hub in China is one of
Nuvei‘s recent initiatives, demonstrating its commitment to supporting
businesses in accelerating their growth through payments within the APAC
region. In 2022, the company announced its expansion in the region after obtaining local
acquiring licenses in Singapore and Hong Kong. Besides that, it secured a
local acquiring license in Australia.
@Nuvei is expanding its presence in the APAC region with a new operational hub in China, enhancing its global reach and enabling businesses to enter new markets with increased local expertise 🌐
Read more about our ongoing journey in APAC 🔗 https://t.co/GqascOUKbz
#Fintech pic.twitter.com/6MlLS47qgk
— Nuvei (@Nuvei) October 3, 2023
Moreover, Nuvei recently entered into a strategic
partnership with Mastercard, bringing the convenience of instant payouts to
bank cards for businesses, including trading platforms. Initially available to
Nuvei customers in Singapore, this service will soon expand to Australia and
Hong Kong, the company said.
Expansion through Strategic Partnerships
According to Fayer: “Trading platforms rely on fast,
secure deposits and payouts to optimize user experience. Partnering with
Mastercard Send enables us to offer our partners another trusted, instant
payout method that will win new traders and generate revenue growth.”
Nuvei, listed on Nasdaq and on the Toronto Stock Exchange (TSE) as NVEI, anticipates that
the surge in online trading activity will propel the adoption of its services. The firm recently cited a report by Fortune Business
Insights, which predicts explosive growth in the global online trading platform
market, expected to soar from USD $9.94 billion in 2023 to USD $15
billion by 2030.
Source: Fortune Business Insights
In January, Nuvei announced its acquisition of the Atlanta-based integrated payment service provider Paya in a deal valued at approximately USD $1.3 billion. This strategic move solidified Nuvei’s commitment to expanding
its payment infrastructure.
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- Source: https://www.financemagnates.com//fintech/nuveis-asia-pacific-expansion-unveils-new-office-in-china/
