Nuvei Completes Acquisition of Mazooma, Expanding Portfolio of Alternative Payment Methods
August 03 2021 - 10:13AM
Nuvei Corporation (“Nuvei”) (TSX: NVEI and NVEI.U), the global
payment technology partner of thriving brands, today announced the
completion of the previously announced acquisition of Mazooma
Technical Services Inc. (“Mazooma”).
The acquisition enhances and expands Nuvei’s portfolio of North
American payment options with instant bank-to-bank payments for
pay-ins and payouts and real time payments (“RTP”) for accelerated
withdrawals, allowing customers to receive payouts immediately into
their bank accounts 24/7/365.
While originally developed for the U.S. online gaming and sports
betting market, Nuvei will offer this increasingly accepted and
popular payment method to its merchants across all
verticals.
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 204
markets worldwide, with local acquiring in 45 markets. With support
for over 480 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.
Contact:
InvestorsAnthony GersteinVice President, Head of Investor
Relationsanthony.gerstein@nuvei.com
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