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Nuvei - CEO, Phillip Fayer - The Market Herald Canada
CEO, Phillip Fayer
Source: The Globe and Mail
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  • Payment processing company Nuvei announces its accelerated expansion into the US iGaming market
  • Nuvei merchants succeed due to the company’s vast experience in customizing payment solutions specifically for online gaming and gambling operators
  • Nuvei has obtained approvals to provide payment services to iGaming operators in multiple states
  • U.S. iGaming revenue is expected to reach USD 127.3 billion by 2027
  • Uniting payment technology and consulting, Nuvei helps businesses remove payment barriers, optimize operating costs and increase acceptance rates
  • Nuvei (NVEI) is down 4.12 per cent, trading at $68.27 per share at 10 am EST

Payment processing company Nuvei (NVEI) announces its accelerated expansion into the U.S. iGaming market.

Onboarding online operators from fantasy sports, sports betting, casino, iLottery and several other industry sectors, Nuvei merchants succeed due to the company’s vast experience in customizing payment solutions specifically for online gaming and gambling operators.

Recognizing huge opportunity in the growing U.S. iGaming market, Nuvei has already obtained approvals to provide payment services to iGaming operators in multiple states, with more expected. 

With more and more U.S. states legalizing online gaming and betting, U.S. iGaming revenue is expected to reach USD 127.3 billion by 2027

Nuvei’s response to the increased demand is to expand its end-to-end platform that focuses on one fast and simple integration, flexibility, automation, and innovative features that eliminate critical iGaming merchant pain points while facilitating business growth.

“Nuvei is uniquely equipped to dive right into the rapidly expanding U.S. iGaming market, and as more states continue to legalize online gambling, our proven, market-tested payment solutions can deliver on operators’ key requirements from A-Z,” said Philip Fayer, Nuvei’s chairman and CEO.

“We have helped make online gaming transactions safer, faster and more efficient for nearly two decades across the globe. Our rapid growth is the result of our dominant position in the global iGaming space and our relentless commitment to our clients’ success.”

“Our speedy expansion in the U.S. leverages our track record of serving iGaming operators and platforms across most regulated markets in the world,” said Yuval Ziv, Nuvei’s managing director of digital payments.

“Our expertise in the iGaming sector means we can anticipate the needs of the market and facilitate the success of operators in all regulated states.”

Uniting payment technology and consulting, Nuvei helps businesses remove payment barriers, optimize operating costs and increase acceptance rates. The company's proprietary platform offers direct connections to all major payment card schemes in over 200 markets worldwide, supports 450 local and alternative payment methods and nearly 150 currencies.

Nuvei (NVEI) is down 4.12 per cent, trading at $68.27 per share at 10 am EST.

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