The Canadian fintech company integrated Google Pay for
merchants across Latin America. This move aims to boost existing partnerships
and reportedly builds on Google Pay’s availability in other regions, including
the United States, Europe, and Asia Pacific.
Now, merchants in LATAM can offer consumers
payment options directly through Nuvei’s checkout solution, the company mentioned in the official statement. The fintech firm has welcomed the move, saying that consumers mostly prefer digital payment methods,
with Google Pay now an important player in the online payments space.
Expanding Presence in Latin America
By entering the LATAM market, Nuvei aims to give
merchants the tools to reach new customer segments and expand their businesses
across the region. Google Pay will reportedly be available through
Nuvei’s cashier solution. It allows merchants to accept payments from customers
who are familiar with the platform. This process aims to enhance convenience
for both businesses and consumers.
Customers in LATAM across verticals such as retail, travel and digital services now have access to @GooglePay, offering consumers a seamless and secure way to pay 💳Read the full press release here: https://t.co/RZNv0WKRlQ pic.twitter.com/fi8xJeIiYE
— Nuvei (@Nuvei) December 12, 2024
Commenting about the integration, Philip Fayer,
Nuvei’s Chair and CEO, said: “Our strengthened partnership with Google and
the launch of the integration of Google Pay in Latin America underscore Nuvei’s
commitment to providing businesses with the most comprehensive in-demand suite
of payment options globally.”
“Expanding our collaboration into this vibrant
market enables merchants to tap into new customer segments and drive growth
across the region,” he added.
Improving Merchant Payment Solutions
Nuvei’s expansion into Latin America is part of the
company’s broader effort to scale payment solutions globally. The company
reportedly supports more than 720 alternative payment methods.
In July, Nuvei announced a partnership with Mastercard
involving a new solution in Europe that enables users to convert their digital
assets, including cryptocurrencies, into traditional fiat currency. The
solution also supports debit, credit, and prepaid cards.
In related news, Nuvei posted a strong financial performance in the third quarter of 2024, with total payment volume rising 27%
to $61.3 billion. Revenue was $357.6 million, representing a 17% boost from the
prior year.
This article was written by Jared Kirui at www.financemagnates.com.
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