To optimize card payments and introduce alternative payment methods for its digital wallet, Curve has announced a new partnership with the Canadian fintech firm Nuvei Corporation. The move is expected to improve customer experience, reduce operational costs, and accelerate expansion plans.
Nuvei Partners with Curve to Optimize Digital Wallet Transactions
Nuvei's payment technology will enable Curve, a banking platform, to accept both VISA and Mastercard transactions. The technology uses a smart routing engine to maximize card payment acceptance while minimizing operational costs. Curve users can soon expect to have access to all relevant alternative payment methods (APMs) in the markets where Curve operates.
Curve will also leverage Nuvei's real-time reporting tools, offering a comprehensive analytics portal to monitor all transactions. This feature is particularly crucial for the financial services sector, enabling effective payment traffic routing and optimization of payment flows.
“Our goal at Curve is to be the most customer-centric app, simplifying the way they spend, so industry-leading customer experience is critical to Curve’s service,” Shachar Bialick, the Founder & CEO at Curve, commented on the announcement.
Recently, Nuvei announced the expansion of its service, including APAC and China. The Canadian fintech company wants to target e-commerce firms in the region.
Curve’s Customer-Centric Goals
Bialick emphasized the importance of customer experience in their service. He also highlighted how Nuvei's global reach would fast-track Curve's international growth without compromising payment optimization.
Philip Fayer, the Chair and CEO of Nuvei noted the competitive nature of the financial services market. “We are proud to partner with Curve to enhance the product it is offering to its customers and to enable Curve to reach its customers wherever they are and however they want to pay.”
Curve is a financial super app consolidating various financial products and services into one platform. It operates in 31 markets across the UK and the European Economic Area and supports Mastercard, Visa, and Diners Club networks.
How Does Nuvei’s Tech Help Curve’s Payments?
Nuvei's technology plays a crucial role in enhancing Curve's payment business. One primary method it employs is the provision of card-acquiring services. These services enable the banking platform to seamlessly process Visa and Mastercard transactions through its app and card. Additionally, Nuvei opens doors for Curve to a plethora of APMs in each market it operates in. This allows the online banking portal to adapt to various global payment preferences.
Another advantage is Nuvei's smart routing feature, which optimizes the path of card transactions to maximize acceptance rates while minimizing costs. Moreover, Nuvei's platform is designed to ensure low latency and high uptime, guaranteeing a seamless payment experience for Curve's customers.
