Nuvei Corporation has launched new features for its Nuvei for Platforms product, enhancing payment solutions for marketplaces and eCommerce, while also acquiring Payaut to bolster its technological expertise.

Information on the Target

Nuvei Corporation, a prominent Canadian fintech firm, has announced a range of new features and enhancements for its flagship product, Nuvei for Platforms. Designed to cater to diverse business models, including marketplaces, commerce platforms, gig economy services, payment facilitators, and independent software vendors (ISVs), this platform enables businesses to harness a comprehensive suite of payment technologies through a single integration. The key functionalities include merchant onboarding, pay-ins and payouts, optimization, orchestration, fraud prevention, and risk management.

The latest upgrades to Nuvei for Platforms aim to provide businesses with tools to accelerate growth and increase revenue. Through innovative features such as decoupled pay-ins and payouts, split payments, auto reconciliation, balance management, and enhanced seller invoicing, Nuvei facilitates the management of complex transaction flows, simplifies regulatory compliance, and enhances operational efficiency.

Industry Overview in Canada

The fintech industry in Canada is experiencing significant growth, particularly in the area of embedded payments. This market segment, valued at approximately USD $83 billion in 2023, is expected to grow at a remarkable compound annual gr