- Mastercard expands partnership with Nuvei (NVEI), facilitating accelerated payouts with Mastercard Send
- The move strengthens the relationship between the two parties and provides a powerful new tool to Nuvei clients
- This service is expected to benefit businesses in industries ranging from insurance to ride-sharing
- Mastercard Send is now available to Nuvei clients via their existing integration, with no additional development
- Nuvei Corporation (NVEI) is down 1.87 per cent and is trading at C$73.90 at 12:51 pm ET
Mastercard Send will be integrated into Nuvei’s payment technology platform through its wholly-owned subsidiary.
The move strengthens the relationship between the two parties and provides a powerful new tool to Nuvei clients.
Mastercard Send is a global push payments platform that enhances worldwide payout capabilities for businesses by speeding up the process considerably with no security sacrifice.
This service is available to Nuvei clients via their existing payment integration; this service is expected to benefit businesses in industries ranging from insurance to ride-sharing.
It combines speedy disbursement of funds with trustworthiness and reputation, providing a new avenue through which businesses can safely supply their customers domestically and internationally.
Speed and security in online payments are more important today than ever, as pandemic-related restrictions have shifted an unprecedented share of transaction activity online.
For Nuvei, Mastercard Send is a valuable addition to the comprehensive global payment solutions. It is known, with the added value of the consumer confidence imparted by the Mastercard brand and its tried and tested infrastructure.
The service is now available to Nuvei clients via their existing integration, with no additional development.
Mastercard Send functions seamlessly alongside Nuvei’s existing range of solutions. Also, transaction data about the service is available via customizable reports through Nuvei’s proprietary merchant dashboard.
“We are very pleased to broaden our partnership with Nuvei and to provide fast and secure payouts to their clients,” said Aspa Palimeri, Country Manager for Greece, Cyprus and Malta.
“We are certain that both merchants and their customers will greatly benefit from our service, especially in this increasingly digital economy,” added Palimeri.
“We’re thrilled to deepen our strong relationship with Mastercard by adding Mastercard Send to our global platform, providing our clients with another powerful choice for fund disbursement,” said Philip Fayer, Nuvei’s chairman and CEO.
“In our quest to provide seamless payment journeys worldwide, Mastercard Send will help our clients transmit funds without lengthy waits while maintaining security and compliance,” concluded Fayer.
Nuvei Corporation (NVEI) is down 1.87 per cent and is trading at C$73.90 at 12:51 pm ET.
