Nuvei - CEO, Phillip Fayer
CEO, Phillip Fayer
Source: The Globe and Mail
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  • Nuvei (NVEI) is getting into the fast food business
  • The Montreal company global payment technology company is partnering with Judopay to enable mobile payments for customers in KFC restaurants in Spain
  • The partnership allows KFC España to provide seamless mobile payments for its customers throughout its almost 150 branches
  • KFC España will benefit from optimized transaction approval rates and local processing costs
  • Nuvei is down 1.43 per cent, trading at C$101.73 at 12:18 pm ET

Nuvei (NVEI) is getting into the fast food business.

The Montreal-based global payment technology company is partnering with Judopay to enable mobile payments for customers in KFC restaurants throughout Spain.

The partnership will allow KFC España to provide seamless mobile payments for its customers throughout its almost 150 branches in Spain.

KFC continues to shift its strategy to focus more on optimizing its customers’ digital experience.

Nuvei will provide acquiring services for KFC España with its network of acquirers throughout Europe and ability to easily onboard franchisees.

To adapt to the franchise model of KFC España, Nuvei created bespoke documentation, pricing and sub-account management.

With this partnership, KFC España will benefit from optimized transaction approval rates and local processing costs, while its customers will enjoy effortless payment experiences across all payment channels.

“We are delighted that our close relationship with Judopay has facilitated KFC España’s expansion into the digital realm. We are proud to provide this famous brand with the benefits of our payment technology and network of local acquiring partners. On Nuvei’s part, this proves that our emphasis on flexibility and localized services pays dividends at any scale,” said Nuvei Chair and CEO Philip Fayer.

Nuvei’s proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets.

Nuvei is down 1.43 per cent, trading at C$101.73 at 12:18 pm ET.

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