Nuvei Launches Card Issuing; New Offering Enables A Wide Range Of New Use Cases And Cross Sell Opportunities
Portfolio Pulse from Benzinga Newsdesk
Nuvei Corporation has launched a card issuing solution in 30 markets, enabling clients to issue physical and virtual white-labelled cards. This service enhances working capital efficiency, improves authorization rates, offers seamless payouts, and increases customer loyalty. The solution is available in the European Economic Area, with plans to expand to the UK, US, and Latin America in 2024. Nuvei's CEO, Philip Fayer, highlights the solution's practical applications and its role in accelerating client business and expanding Nuvei's market.

November 29, 2023 | 2:03 pm
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POSITIVE IMPACT
Nuvei's new card issuing service could lead to increased revenue and market expansion, offering a positive outlook for investors.
The launch of Nuvei's card issuing service is likely to be seen as a positive development by investors, as it represents an expansion of the company's product offerings and potential for new revenue streams. The service's benefits such as improved working capital efficiency and increased customer loyalty are likely to attract new clients and retain existing ones, which could lead to increased usage of Nuvei's platform and higher transaction volumes. The planned expansion into additional markets like the UK, US, and Latin America in 2024 indicates future growth potential. However, the actual impact on the stock will depend on the market's perception of the service's success and the company's ability to execute its roll-out plan effectively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100