The Canadian fintech Nuvei Corporation ("Nuvei" or "Company") announces the launch of an innovative blockchain technology payment solution for companies in Latin America. Through Nuvei's partnerships with Rain, a vertically integrated issuer for global platforms, with BitGo, a leader in digital asset custody and wallet solutions, and with Visa, Nuvei now offers companies the option to use stablecoins (including USD Coin [USDC], among others) for faster global settlements and to rely less on traditional payment methods.
By collaborating with Rain, BitGo, and Visa, Nuvei provides a stable and secure blockchain payment experience: Latin American companies can use their physical or virtual Visa cards to make payments with stablecoins from a digital asset wallet anywhere Visa is accepted. This solution, which has broad acceptance by Visa, simplifies the management of corporate financial resources by streamlining international transactions, providing security in digital asset custody, and offering lower currency exchange complexity and greater operational liquidity.
"With Nuvei and innovative payment solutions, companies can connect more broadly 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 enjoy flexibility, security, and global reach.
Farooq Malik, CEO and co-founder of Rain, explains: “Our innovative platform integrates traditional payment methods with the digital asset ecosystem, removing the barriers to B2B and stablecoin payment transactions. This partnership with Nuvei represents an important step towards making blockchain payments more accessible and flexible for businesses in Latin America.”
Luis Ayala, Director at BitGo, comments: “As a leader in digital asset infrastructure and custody, we are thrilled to be a part of Nuvei’s expansion into blockchain payments. Our institutional-grade security and comprehensive asset services will help Latin American companies leverage stablecoin technology with confidence and operational efficiency.”
This comprehensive blockchain payment offer 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. Since the beginning of the year until now, Nuvei's expansion of services in Latin America has allowed the company to become the first global payments service provider to offer local acquiring directly in Colombia, implement acquiring services in Mexico, and obtain a payments institution license in Brazil, among others.
