Source: PYMNTS.com
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  • Nuvei has acquired Mazooma Technical Services Inc.
  • This acquisition expands Nuvei’s portfolio of North American payment options
  • Nuvei Corp will offer Mazooma to merchants across all verticals
  • Nuvei (NVEI) provides the intelligence and technology businesses need to remove payment barriers and increase acceptance rates
  • Nuvei Corporation (NVEI) is down 2.33 per cent, trading at C$100.10 per share at 11:40 am ET

Nuvei has announced the completion of the acquisition of Mazooma Technical Services Inc. 

The acquisition enhances and expands Nuvei’s portfolio of North American payment options with instant bank-to-bank payments for pay-ins and payouts and real-time payments for accelerated withdrawals, allowing customers to receive payouts immediately 24/7/365.

While originally developed for the U.S. online gaming and sports betting market, Nuvei will offer this increasingly accepted and popular payment method to its merchants across all verticals.

Nuvei (NVEI) provides the intelligence and technology businesses need to succeed by uniting payment technology and consulting, helping businesses remove payment barriers, optimize operating costs and increase acceptance rates. 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.

With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way.

Nuvei Corporation (NVEI) is down 2.33 per cent, trading at C$100.10 per share at 11:40 am ET.

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