Nuvei (TSX:NVEI) secures eCommerce agreement with Discover Global Network

The partnership will allow Nuvei’s clients to operate within the Discover Global Network, which includes Discover Cards issued in the U.S., Diners Club International cards issued in more than 55 countries, and cards from its network partner alliances in countries such as Turkey, India, South Korea, and Brazil.

Philip Fayer, Nuvei’s Chair and CEO, commented on the partnership.

“We are excited to be partnering with Discover Global Network as we continue to strengthen our global acquiring capabilities and further improve the transaction experience for our merchants and their customers,” he said.

“We’re actively focusing on opportunities that provide innovative solutions for frictionless commerce,” he added, “no matter how or where our clients operate around the world.”

This partnership comes at a time when the global economy continues to rapidly shift to eCommerce and will satisfy the demand for connection between online merchants and the Discover Global Network.

With more options for payment acceptance, businesses will be able to provide an even better online shopping experience that can increase sales and attract clients from all over the world.

Chris Winter, VP of Global Acceptance in Europe, the Middle East, and Africa at Discover, remarked that “A fintech leader such as Nuvei enables us to further drive growth throughout the digital payments ecosystem and provides our cardholders with the opportunity to purchase from more merchants across the globe in a seamless manner.”

Nuvei is a global financial technology partner of thriving brands, providing mobile, online, and in-store payment technology solutions to merchants.

Nuvei Corp. (NVEI) is up 1.08 per cent on the day, trading at $92.49 per share as of 11:02 am ET.