Options by Textual content selects Nuvei to launch its embedded funds perform

Canadian fintech firm Nuvei Company (TSX:NVEI) introduced at present that it has been chosen by Options by Textual content (SBT), a platform that permits client finance companies to interact their clients in real-time time over textual content, to launch its embedded funds perform.

This partnership facilitates SBT’s clients to streamline their billing and funds processes by way of SBT’s FinText platform. Customers who obtain textual content notifications {that a} invoice is due are actually in a position to provoke the transaction instantly by way of messaging as an alternative of through a separate on-line portal or bodily fee. This significantly enhances the general client expertise.

Along with card fee processing, SBT’s single integration with Nuvei’s core platform know-how permits companies to simply accept funds from all related various fee strategies (APMs), together with account-to-account transactions (e.g. ACH within the U.S.) and digital wallets similar to Google Pay and Apple Pay.

Enhancing the pace and comfort of the consumer expertise won’t solely assist SBT strengthen its connections with shoppers, but additionally result in elevated digital fee charges and decreased useful resource dedication in managing funds.

David Baxter, CEO of Options by Textual content, commented on the announcement:

“We’re devoted to providing client finance companies an answer with the final word client expertise for paying payments. Partnering with Nuvei to allow clients to make funds instantly by way of texts easily and securely is a big improve that may underpin our future market growth and progress.”

Philip Fayer, Nuvei Chair and CEO, added:

“We’re thrilled to accomplice with Options by Textual content to deliver this enormous client expertise improve to the patron finance market. Enabling funds of payments instantly by way of textual content reminders is one other instance of how companies can get nearer to their clients by way of funds.”