Nuvei launches its card issuing resolution in 30 markets

Canadian fintech firm Nuvei Company (TSX:NVEI) has launched its card issuing resolution in 30 markets globally. Nuvei purchasers can now provide their prospects, staff, or contractors bodily and digital white-labelled playing cards.

The brand new providing is at present accessible in 30 markets throughout the European Financial Space, with a roll-out to the UK, US and Latin America deliberate for 2024.

The brand new service will provide companies quite a lot of use instances, together with:

  • Digital playing cards for B2B prospects to pay suppliers.
  • Fee playing cards for payouts, which has utility for purchasers working in Marketplaces, Insurance coverage, iGaming or the Gig financial system; and
  • Pockets-as-a-Service, the place Nuvei will handle all the end-to-end course of and distribution for purchasers, supporting particular use instances equivalent to loyalty packages.

Nuvei Chair and CEO, Philip Fayer commented on the announcement:

“We’re thrilled to launch card issuing as an extra module to our full stack expertise platform. This resolution has sensible functions for our purchasers, benefiting their prospects by bettering their very own working capital and simplifying their back-office processing. The launch of our card issuing resolution is one other instance of our dedication to discovering new methods to speed up the enterprise of our purchasers throughout the completely different verticals we function in, all whereas rising our personal complete addressable market.”