The Canadian fintech Nuvei Corporation ("Nuvei" or "Company") announces the launch of an innovative payment solution with blockchain technology for companies in Latin America. Through Nuvei's partnerships with Rain, a vertically integrated broadcaster for global platforms, with BitGo, leader in providing custody solutions and digital asset wallet, and with Visa, Nuvei now offers companies the option to use stablecoins (including, USD Coin [USDC], among others) to make global settlements faster and rely less on traditional payment methods
By collaborating with Rain, BitGo and Visa, Nuvei provides a stable and secure blockchain payment experience: companies in Latin America can use their physical or virtual Visa cards to make payments with stablecoins from a digital asset wallet anywhere that accepts Visa. This solution, which has the wide acceptance of Visa, simplifies the management of corporate financial resources, because it speeds up international transactions, provides security in the custody of digital assets and offers lower currency exchange complexity and greater operational liquidity
"With Nuvei and innovative payment solutions", companies can connect more broadly with their customers, explain Philip Fayer, CEO and Chairman of the Board 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, "Our innovative platform integrates traditional payment methods into the digital asset ecosystem", eliminating the obstacles of B2B payment transactions and in stablecoin. This partnership with Nuvei represents an important step in making blockchain payments more accessible and flexible for companies in Latin America.”
Luis Ayala, Director at BitGo, comment: "In the position of leaders in infrastructure and custody of digital assets, we are extremely happy to be part of Nuvei's expansion towards blockchain payments. Our institutional-level security and our comprehensive asset services will help companies in Latin America use stablecoin technology with confidence and operational efficiency.”
This complete blockchain payment offering sets a new standard for payment solutions in Latin America, what demonstrates Nuvei's commitment to solidifying its presence in this region where eCommerce is experiencing significant growth. Since the beginning of the year until now, the expansion work of Nuvei's services in Latin America allowed the company to become the first global payment service provider to offer direct local acquiring in Colombia, implement acquiring services in Mexico and obtain a payment institution license in Brazil, among others
