Nuvei has gone live as a direct payment acquirer in Canada, marking a significant move that will allow local businesses to process domestic transactions through the Canadian FinTech without relying on third-party processors.
The move is expected to help merchants capture more sales, cut down on failed transactions, and improve customer experience by enabling higher payment approval rates locally.
This development supports Nuvei’s strategy to build direct acquiring capabilities in every major market. It also demonstrates its commitment to strengthening local infrastructure to support its goal of enabling payments everywhere.
Canadian businesses using Nuvei can now benefit from higher approval rates achieved through local processing and intelligent routing. The company also offers reduced payment complexity by cutting out intermediaries, along with support for major card brands and real-time payout options.
Merchants will gain access to over 700 alternative payment methods and 150 currencies, positioning them for international growth. The platform also offers unified reporting, simpler reconciliation, and enhanced interchange cost prediction across a single global platform.
Nuvei chair and CEO Phil Fayer said, “Becoming a direct acquirer in Canada reflects our strategy to build direct acquiring capabilities in every major market.
 “There is no better place to showcase this than Canada, where our journey began. By combining local acquiring with our global platform, we help merchants achieve higher approval rates, better conversions, and more predictable interchange costs. Alongside powerful omni-channel capabilities and simplified reconciliation, we’re giving businesses around the world the infrastructure they need to grow faster and compete globally.”
Nuvei’s technology is designed to accelerate business for clients globally, offering modular, flexible, and scalable solutions that enable next-generation payments, all payout options, card issuing, banking, and advanced fraud management. Operating in over 200 markets with local acquiring in 50, supporting 150 currencies and 720 alternative payment methods, Nuvei provides the tools for businesses to connect with customers locally and globally through a single integration.
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