Source: PYMNTS.com
  • Nuvei has acquired Mazooma Technical Services Inc.
  • This acquisition expands Nuvei’s portfolio of North American payment options
  • Nuvei Corp will offer Mazooma to merchants across all verticals
  • Nuvei (NVEI) provides the intelligence and technology businesses need to remove payment barriers and increase acceptance rates
  • Nuvei Corporation (NVEI) is down 2.33 per cent, trading at C$100.10 per share at 11:40 am ET

Nuvei has announced the completion of the acquisition of Mazooma Technical Services Inc. 

The acquisition enhances and expands Nuvei’s portfolio of North American payment options with instant bank-to-bank payments for pay-ins and payouts and real-time payments for accelerated withdrawals, allowing customers to receive payouts immediately 24/7/365.

While originally developed for the U.S. online gaming and sports betting market, Nuvei will offer this increasingly accepted and popular payment method to its merchants across all verticals.

Nuvei (NVEI) provides the intelligence and technology businesses need to succeed by uniting payment technology and consulting, helping businesses remove payment barriers, optimize operating costs and increase acceptance rates. Nuvei’s proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets.

With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way.

Nuvei Corporation (NVEI) is down 2.33 per cent, trading at C$100.10 per share at 11:40 am ET.

More From The Market Online

BlackBerry expands AI-powered cybersecurity service

BlackBerry (TSX:BB) releases the new and expanded CylanceMDR, a managed detection and response tool backed by its Cylance AI platform.

Qualcomm stock jumps on Q2 2024 earnings

Qualcomm (NDAQ:QCOM) shares rise nearly 10 per cent early Thursday on better-than-expected adjusted earnings and strong revenue guidance.

Fobi AI could address a market in the trillions: Why it’s time to buy

Fobi AI (TSXV:FOBI) is an essential stock to consider to capitalize on the exponential trends of digital wallets and artificial intelligence.