It is our pleasure to announce that Nuvei Corporation ("Nuvei" or "The Company"), the Canadian fintech company (Nasdaq: NVEI) (TSX: NVEI), has partnered with Microsoft in order to provide customers of Nuvei products, solutions, and services with leading payment experiences across its key markets.
It is anticipated that Microsoft will begin using Nuvei's customizable and agile payments technology in the Middle East and Africa, as well as taking advantage of Nuvei's deep understanding of local markets to optimize its payments for recurring billing and individual transactions across both Microsoft's Office and Xbox products.
As a result of Nuvei's global payments capabilities, Microsoft is also able to benefit from optimized authorization rates through local acquisition and an enhanced risk management strategy that minimizes false declines, as well as Nuvei's ability to offer all of the relevant local alternative payment methods (APMs) to every market through a single integration with Nuvei.. The chairman and CEO of Nuvei, Philip Fayer, said: "Letting Microsoft connect with its customers across a wide range of products is a testament to the technology we use and our commitment to providing world-class customer service to our customers.". It is a wonderful opportunity for us to optimize payments for such a universal brand that is trusted and relied upon by so many people in the world
It is a wonderful opportunity for us to optimize payments for such a universal brand that is trusted and relied upon by so many people in the world
As Ajith Thekadath, Microsoft Vice President of Global Payments, said, "We are delighted to extend our payment solutions to the Middle East and Africa region." Payment is a critical part of our overall customer experience, whether it is a one-time purchase, software subscription, or in-game purchase. By partnering with Nuvei, we are able to provide our customers with payments wherever they are and whenever they want.
The expansion of the partnership across geographies and use cases is a priority

Source prnewswire