This announcement is the latest from Nuvei as it continues to expand its global reach and enable its partners to engage with their customers via payments.
Nuvei Corporation, a Canadian fintech company, announced that it has launched direct local acquiring capabilities in Colombia, further expanding its presence in Latin America (LATAM) and strengthening its overall regional footprint.
Philip Fayer, Nuvei Chair and CEO, commented on the announcement: “Launching our direct local acquiring capabilities in Colombia augments our presence in LATAM and reinforces our commitment to growth in the region. We are already active in more than eleven markets in LATAM through direct integration into local acquirers and networks, and adding direct local acquiring capabilities in Colombia strengthens our ability to provide best-in-class services to our customers across the region.”
This announcement is the latest from Nuvei as it continues to expand its global reach and enable its partners to engage with their customers more deeply through payments, wherever they are and however they want to pay. In addition to unifying international operations via a single processing platform, businesses operating in Colombia benefit from enhanced reporting capabilities by consolidating all global transaction data, making data easier to analyze and inform decision-making.
Colombian businesses looking to scale rapidly, including through quick and efficient international expansion, can also easily leverage Nuvei’s global reach to enter new markets. Other benefits of direct local acquiring to eCommerce businesses selling to customers in Colombia through their global integration with the Nuvei platform include card authorization rate uplift, reduced settlement times from days to potentially less than 24 hours, and optimized processing resource commitments. With local acquiring capabilities in 50 markets and connectivity to 680 local APMs, Nuvei is elevating payments to a hyper-localized level in a global setting and supporting businesses to expand internationally while still optimizing their payments function.
