Nuvei Secures Scheme Licenses to Process UK Payments Post-Brexit
June 02 2021 - 9:00AM
Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and
NVEI.U), the global payment technology partner of thriving brands,
announced today that its wholly owned FCA regulated subsidiary has
secured the scheme licenses to continue acquiring and processing
Mastercard and Visa payments for merchants based in the United
Kingdom (UK) beyond the expiry of the FCA Temporary Permissions
Regime.
Coming at a crucial time in the eCommerce boom and
the impending expiration of the FCA Temporary Permissions Regime,
merchants in the UK can continue leveraging Nuvei’s full suite of
products and solutions to process payments, with approved
licenses.
“For UK merchants seeking a locally regulated
payments partner, approved licenses will be critical," said Philip
Fayer, Nuvei’s Chair and CEO. “As a truly global fintech provider,
we continue to support local businesses as they navigate and grow
in this surging eCommerce market. Looking ahead to a post-Brexit
economy, we remain committed as ever to providing the most
innovative payment solutions and best service available to
merchants in the UK and around the world.”
About Nuvei
We are Nuvei (TSX: NVEI and NVEI.U), the global
payment technology partner of thriving brands. We provide the
intelligence and technology businesses need to succeed locally and
globally, through one integration – propelling them further,
faster. Uniting payment technology and consulting, we help
businesses remove payment barriers, optimize operating costs and
increase acceptance rates. Our proprietary platform provides
seamless pay-in and payout capabilities, connecting merchants with
their customers in 200 markets worldwide with local acquiring in 44
markets. With support for over 470 local and alternative payment
methods, nearly 150 currencies and 40 cryptocurrencies, merchants
can capture every payment opportunity that comes their way. Our
purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Forward-Looking Information
This presses release contains “forward-looking
information” within the meaning of applicable securities laws,
including statements with regards to the potential opportunities
arising from the Company's securing of scheme licenses to continue
processing UK payments. Forward-looking information involves known
and unknown risks and uncertainties, many of which are beyond the
Company’s control, that could cause actual results to differ
materially from those that are disclosed in or implied by such
forward-looking information. These risks and uncertainties include
but are not limited to those described under the “Risks Factors”
section of the Company’s annual information form filed on March 17,
2021. Forward-looking information is based on management’s beliefs
and assumptions and on information currently available to
management. Although the forward-looking information contained in
this press release is based upon what management believes are
reasonable assumptions, you are cautioned against placing undue
reliance on this information since actual results may vary from the
forward-looking information. Unless otherwise noted or the context
otherwise indicates, the forward-looking information contained in
this press release is provided as of the date of this press
release, and the Company does not undertake to update or amend such
forward-looking information whether as a result of new information,
future events or otherwise, except as may be required by applicable
law.
Contact:
Investor RelationsIR@nuvei.com
Public RelationsPR@nuvei.com
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