Nuvei Corp.
Nuvei Corp.
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  • Nuvei (NVEI) announced that it has partnered with one of the world’s most prominent airlines, Virgin Atlantic
  • The agreement gives Virgin access to Nuvei’s proprietary modular platform designed to boost acceptance rates and accelerate revenue
  • Nuvei is a fintech company which provides modular, flexible and scalable technology to allow companies to accept next-gen payment
  • Nuvei Corporation (NVEI) is down 2.59 per cent, trading at C$38.05 per share at 12:26 pm ET

Nuvei (NVEI) announced that it has partnered with one of the world’s most prominent airlines, Virgin Atlantic.

The agreement gives Virgin access to Nuvei’s proprietary modular platform designed to boost acceptance rates and accelerate revenue. It will provide Virgin’s customers with a frictionless payment experience and will enable them to pay using the methods they know and trust globally.

Nuvei builds on its exceptional technology with customized solutions designed for some of the largest companies in the industry. This agreement is the latest in a series of partnerships with leading travel companies such as Air Transat, Scott Dunn, Selina, and others.

Philip Fayer, Chair and CEO of Nuvei, commented on the news.

“We have always shown a commitment to accelerating business for the travel industry, and our recent partnerships in the space are reflective of this. We’re looking forward to providing Virgin Atlantic customers with seamless, localized and intuitive digital payment experiences fit for a modern world.”

The latest statistics project the global travel industry to have a market volume of US$992.10bn by 2026. Online sales will make up 73 per cent of the total revenue, making digital payments instrumental to industry growth.

Keli Sandeman, Payment Strategy Manager at Virgin Atlantic, also commented on the partnership.

“From the outset, we formed a true partnership with the Nuvei team. Their deep global payment expertise is complemented by their human approach to doing business and desire to work with us to accelerate our business growth. We’re looking forward to taking our payment strategy to new heights by working with Nuvei.”

Nuvei is a fintech company which provides modular, flexible and scalable technology to allow companies to accept next-gen payments.

Nuvei Corporation (NVEI) is down 2.59 per cent, trading at C$38.05 per share at 12:26 pm ET.


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