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Nuvei Launches Card Issuing


Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has launched its card issuing solution in 30 markets globally. Nuvei clients can now offer their customers, employees, or contractors physical and virtual white-labelled cards.

The company’s global acquiring footprint, combined with the newly launched issuing capability, creates a differentiated value proposition for both Nuvei and its clients. The combination of issuing and acquiring capabilities offers revenue accelerating benefits to customers through same day funding, on-us processing, interchange optimization, and instant transaction reporting.

The new offering is currently available in 30 markets across the European Economic Area, with a roll-out to the UK, US and Latin America planned for 2024.

The new service will offer businesses a variety of use cases, including:

  • Virtual cards for B2B customers to pay suppliers.
  • Payment cards for payouts, which has utility for customers operating in Marketplaces, Insurance, iGaming or the Gig economy; and
  • Wallet-as-a-Service, where Nuvei will manage the entire end-to-end process and distribution for customers, supporting specific use cases such as loyalty programs.

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