The Canadian fintech firm Nuvei has partnered with ViaPlus, a US-based transport company, to improve consumer payment methods for mobility services. Through this collaboration, the entities aim to introduce over 700 new payment methods to enhance convenience and flexibility for users in multiple countries.

Expanding Payment Options

According to the press release, the collaboration between ViaPlus, a subsidiary of VINCI Highways, and Nuvei Corporation will streamline the payment process for mobility services. This partnership leverages ViaPlus' mobility back office, which handles vast transaction volumes, and Nuvei's global acquiring and processing capabilities.

The integration introduces ViaPlus Nexus, a new digital payment network. ViaPlus' users can now choose from over 700 new payment methods, including Apple Pay and local favorites such as Brazil's Pix, Peru's Pago Efectivo, and Colombia's Nequi. Additionally, the system incorporates Alipay, a digital wallet Digital Wallet A digital wallet is a popular mechanism referring to an electronic device, online service, or software program that allows one party to make electronic transactions with another party.This involves the bartering or exchange of digital currency, including cryptocurrency for goods and services. Money can be deposited in the digital wallet prior to any transaction, which also includes an individual's bank account that is linked to the digital wallet. A digital wallet can include more than just digi A digital wallet is a popular mechanism referring to an electronic device, online service, or software program that allows one party to make electronic transactions with another party.This involves the bartering or exchange of digital currency, including cryptocurrency for goods and services. Money can be deposited in the digital wallet prior to any transaction, which also includes an individual's bank account that is linked to the digital wallet. A digital wallet can include more than just digi Read this Term in China.

Speaking about the partnership, Philip Fayer, Nuvei's Chair and CEO, said: "Our mission is to enable businesses to connect with their customers more deeply, and this partnership is another great example of the power of payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term technology to do this. Enabling consumers to pay wherever they are, whenever they want to, and whichever payment methods they prefer is critical to the modern digital experience."

ViaPlus and Nuvei are rolling out payment solutions in countries served by VINCI Highways, including Brazil, Peru, and Colombia. ViaPlus specializes in revenue and services management solutions for the transportation industry, focusing on high-volume transactions required for multimodal mobility.

Growing Operations in the APAC Region

In April, Nuvei obtained a Major Payment Institution (MPI) license in Singapore to expand operations in the Asia-Pacific region. This license allows Nuvei to offer various payment services, including domestic and cross-border money transfers and merchant acquisition services, to businesses in Singapore.

Additionally, Nuvei's MPI license grants the firm the opportunity to operate three important payment services in Singapore, catering to the diverse needs of businesses in the region. Nuvei has also collaborated with Mastercard to boost its operations in Singapore.

This year, the Canadian fintech firm announced plans to privatize its operations in a deal led by Advent International, a private equity investment company. The all-cash transaction is valued at approximately US$6.3 billion. Under the terms of this agreement, Nuvei's shareholders will receive US$34 per share in cash.