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Canadian payments firm Nuvei Corporation has secured a Major PaymentInstitution (MPI) license from the Monetary Authority of Singapore. The company that it will continue to invest in building its presence across APAC.
Nuvei, a fully licensed direct local acquirer in Singapore and Hong Kong, recently obtained a Major PaymentInstitution license in Singapore. The company’s modular payments platform connects clients with customers in over 200 markets, supporting 716 alternativepaymentmethods and offering acquiring in over 50 markets.
Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that its Singapore entity, Nuvei Singapore Pte Ltd, has been granted a Major PaymentInstitution (MPI) license by the Monetary Authority of Singapore.
The offer is completely aligned with the preferences in Latin America: internal data of EBANX show that more than 75% of B2B transactions in the EBANX platform are paid with alternativepayments (other than cards). This enables businesses worldwide to engage in cross-border trade with confidence in the LatAm region. “We
JCB International , Japan’s international payment brand, is expanding its global partnership with Nuvei Corporation , the Canadian fintech company, to include the Asia-Pacific (APAC) region. Nuvei also explained that the development is particularly significant for its customers in the APAC region.
Typical B2B payments can still take up to 14 days to be confirmed and involve up to six intermediaries, often with low visibility and high fees, according to EBANX’s annual study, Beyond Borders 2024. Internal EBANX data also shows that APMs power over 75 per cent of B2B transactions in the EBANX platform.
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