Euroairlines Selects Nuvei To Accelerate Its Revenue And Boost Growth
Portfolio Pulse from Benzinga Newsdesk
Nuvei Corporation (NASDAQ:NVEI) has announced a partnership with Euroairlines to process transactions and support the airline's growth. Nuvei will handle direct and indirect traffic payments for Euroairlines globally, including the launch of a new online B2B2C portal allowing direct sales of flight tickets. The partnership is expected to enhance Euroairlines' payment processing in the US, Europe, and Latin America and add new revenue streams. Nuvei's collaboration with UATP will also process indirect traffic through UATP One Merchant Services.
January 18, 2024 | 1:14 pm
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Nuvei's partnership with Euroairlines to process payments is likely to boost its revenue and growth, particularly with the launch of Euroairlines' online B2B2C portal for direct ticket sales.
The partnership with Euroairlines is a significant development for Nuvei, as it not only expands its client base but also showcases its payment processing capabilities in the aviation industry. The direct involvement in Euroairlines' sales channel through the new portal is expected to contribute positively to Nuvei's revenue, making this news likely to be received positively by investors and could lead to a short-term uptick in Nuvei's stock price.
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