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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 (NVEI) has helped publish a report on travel payments in the post-COVID 19 era
  • The white paper report and survey pinpoints growth strategies for travel operators in the aftermath of the pandemic, which it cites will be driven by payment technology
  • Produced in collaboration with Edgar, Dunn & Company, and with participation from Visa, the study contains data, insights and actionable intelligence for the travel sector as it plans its 2021 comeback
  • Nuvei said it anticipates this comeback to include the critical importance of a digital-first strategy
  • Nuvei is up 2.03 per cent to C$70.50 per share

Payment processing company Nuvei (NVEI) has helped publish a report on travel payments in the post-COVID 19 era.

The white paper report and survey pinpoints growth strategies for travel operators in the aftermath of the pandemic, which it cites will be driven by payment technology.

Produced in collaboration with Edgar, Dunn & Company, and with participation from Visa, the study contains data, insights and actionable intelligence for the travel sector as it plans its 2021 comeback.

In a company release, Nuvei said it anticipates this comeback to include the critical importance of a digital-first strategy, the most effective and innovative payment models to adopt, and what organizational changes could more swiftly catalyze growth opportunities.

Edgar, Dunn & Company Director Pascal Burg said payment is a key level to support airlines' priorities to cash-flow preservation and revenue generation.

“Adapting to this new era will require merchants to leverage industry best practices and have a clear payment strategy, which we hope this white paper will help define,” Burg said.

The COVID-19 pandemic and its related quarantines and travel restrictions dramatically impacted travel industry revenue throughout 2020.

The recent release of vaccines has signaled a light at the end of the tunnel, providing travel operators with the confidence to put their comeback plans into action. It was with this in mind that Nuvei joined with EDC, an independent, global strategy consulting firm specializing in payments and digital financial services, to produce Redefining travel payments in the post-COVID-19 era.

The report highlights changing customer expectations that necessitate new strategies for success, including leveraging payment technology to a greater extent than before and designed to support merchants in their recovery.

Nuvei is up 2.03 per cent to C$70.50 per share at 12:26pm EST.

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