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 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 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.