Nuvei Corp., a Montreal-based payment technology firm, has announced a deal to acquire Brazilian payments institution Pay2All. This strategic move is expected to significantly enhance Nuvei's presence in Brazil and the broader Latin American market.
- The acquisition will allow Nuvei to extend its reach and influence within the Brazilian and Latin American payment markets.
- With Pay2All's payment institution licence, Nuvei will be able to accept payments, manage e-wallets and betting accounts, and integrate with all local payment systems in Brazil.
- Nuvei CEO Philip Fayer highlights that the agreement is a major milestone in the company's global expansion strategy, enabling them to offer fully localized payment methods to Brazilian businesses.
