A Canadian fintech company Nuvei Corporation (“Nuvei” or “Company”) announces the launch of an innovative blockchain payment solution for businesses in Latin America. Through Nuvei’s partnerships with Rain, a vertically integrated issuer for global platforms, with BitGo, a leading provider of custody and digital asset wallet solutions, and with Visa, Nuvei now offers businesses the option to use stablecoins (including USD Coin [USDC], among others) for faster global settlements and rely less on traditional payment methods.
By collaborating with Rain, BitGo, and Visa, Nuvei provides a stable and secure blockchain payment experience: Latin American businesses can use their physical or virtual Visa cards to make payments with stablecoins from a digital asset wallet anywhere Visa is accepted. This solution, backed by Visa’s wide acceptance, streamlines corporate financial resource management by speeding up international transactions, ensuring security in digital asset custody, and offering lower foreign exchange complexity and greater operational liquidity.
“With Nuvei and innovative payment solutions, companies can connect more widely with their customers,” explains Philip Fayer, CEO and Chairman of Nuvei. “By integrating stablecoin technology into our B2B payment platform, we ensure that our corporate clients continuously benefit from flexibility, security, and global reach.
Farooq Malik, CEO and co-founder of Rain, explains: “Our innovative platform integrates traditional payment methods into the digital asset ecosystem, removing the obstacles of B2B payment transactions and stablecoin. This partnership with Nuvei represents an important step towards making blockchain payments more accessible and flexible to businesses in Latin America.”
Luis Ayala, Director at BitGo, comments: “As leaders in digital asset infrastructure and custody, we are thrilled to participate in Nuvei’s expansion towards blockchain payments. Our institutional-grade security and comprehensive asset services will help Latin American businesses confidently and efficiently utilize stablecoin technology.”
This comprehensive blockchain payment offering sets a new standard for payment solutions in Latin America, demonstrating Nuvei’s commitment to solidifying its presence in this region where eCommerce is rapidly growing. From the beginning of the year until now, Nuvei’s expansion efforts in Latin America have enabled the company to become the first global payment services provider to offer direct local acquiring in Colombia, implement acquiring services in Mexico, and obtain a payment institution license in Brazil, among others.
