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 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 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."

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 Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, 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.