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Nuvei (TSX:NVEI) partners with Wix

Technology
TSX:NVEI
13 January 2022 12:45 (EDT)

Nuvei Corporation (NVEI) has partnered with Wix to facilitate payment processing for Wix merchants in North America.

This integration will deliver fast, seamless and secure payment processing for Wix merchants and their customers across all industries, including those with higher margins or more complex regulatory requirements.

Nuvei will provide Wix with local acquiring and payment processing for their merchants, delivering enhanced online shopping and digital payment experiences.

“We’re very excited to be working with Wix, it’s the perfect partnership for us,” explains Philip Fayer, Chair and CEO of Nuvei.

“Nuvei and Wix are both high-tech, Nasdaq-listed companies experiencing hyper-growth across the globe. The entire tech sector is watching closely what we and Wix are doing as two fast-growing global experts in our fields. We’re delighted to be a part of Wix’s expansion plans,” added Fayer.

​​”We are constantly finding new ways to support our merchants and offer them the tools to grow their businesses, so they can continue to expand their online presence and provide the best service to their customers,” said Volodymyr Tsukur and Amit Sagiv, Co-Heads of Wix Payments. 

The partnership will mark a step-change for Nuvei, giving Wix’s broad range of businesses, including SMBs direct access to Nuvei’s industry-leading payment solution, growing both the reach and profile of Nuvei’s brand.

Wix, meanwhile, will leverage Nuvei’s fast go-to-market capabilities and industry-leading technology to maximize transaction success rates for its clients.

Nuvei is a global payment technology partner of thriving brands. It provides the intelligence and technology businesses sometimes need to succeed locally and globally, through one integration – propelling them further, faster.

Nuvei Corporation (NVEI) is down 1.12 per cent, trading at C$83.86 at 12:09 pm EST.

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