inDrive Selects Nuvei To Be Its Payments Partner In Latin America
Portfolio Pulse from Happy Mohamed
Canadian fintech company Nuvei Corporation (NASDAQ:NVEI) has been selected by mobility solutions provider inDrive as its payments provider for payouts to its drivers in Latin America. Nuvei will enable inDrive to offer a comprehensive range of payout options, including payments to cards and alternative payment methods (APMs) in the region. This partnership is significant for the Latin American market, which faces unique payment challenges including lower card acceptance rates and a significant unbanked population.
July 10, 2023 | 1:15 pm
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Nuvei's partnership with inDrive to provide payment solutions in Latin America could potentially boost its market presence and revenues in the region.
Nuvei's partnership with inDrive is a strategic move to expand its services in Latin America, a region with unique payment challenges. This could potentially increase Nuvei's customer base and revenues, positively impacting its stock price in the short term.
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