Tech Titans Nuvei and Microsoft Collaborate to Revolutionise Payments
In a move set to redefine payment experiences, Canadian fintech powerhouse Nuvei Corporation has announced a strategic partnership with tech titan Microsoft. This collaboration promises to revolutionise the payment landscape across critical markets, including the Middle East and Africa.
By joining forces with Nuvei, Microsoft is tapping into the fintech leader’s expertise and cutting-edge payment technology to enhance customer experiences across its vast range of products, solutions, and services. The partnership aims to optimise payments for recurring billing and individual transactions within Microsoft’s Office and Xbox product ranges.
Enhanced Payment Experiences with Nuvei’s Global Capabilities
Nuvei’s global payments prowess offers a multitude of benefits for Microsoft. The collaboration will unlock the potential for optimised authorisation rates through localised acquisition methods, ensuring smoother transactions for users. Moreover, superior risk management strategies will minimise false declines, guaranteeing a seamless payment process.
One of the standout features of this partnership is Nuvei’s ability to seamlessly offer a wide array of local alternative payment methods (APMs) within each market through a single integration. This capability ensures that Microsoft can cater to diverse customer preferences, making transactions more convenient and user-friendly.
A Testament to Technology and Customer Dedication
Philip Fayer, Chairman and CEO of Nuvei Corporation, expressed his enthusiasm for the collaboration. He stated, “Enabling Microsoft to connect to its customers across a wide range of products is a testament to our technology and dedication to world-class customer service. We’re excited to optimise payments for a universal brand trusted and relied upon by many people.”
Empowering Customers Across the Globe
We've doubled down! 🏆
After winning the award for best payments company at the @EGRIntel Global B2B Awards earlier this year, we've backed it up by taking home Payments Company of the Year at the EGR Italy Awards 🚀
Ajith Thekadath, Vice President of Global Payments at Microsoft, also shared his perspective on the partnership, highlighting the pivotal role payments play in enhancing customer experiences. He stated, “Whether a one-off purchase, software subscription, or in-game purchasing, payments are critical to our overall customer experience. Partnering with Nuvei enables our customers to pay wherever they are and whenever they want to.”
A Vision for the Future: Expanding Horizons
Nuvei and Microsoft are not content with just the Middle East and Africa. Both companies have a shared vision of expanding this partnership across additional markets. Moreover, they are eager to explore new use cases that will further enhance the overall Microsoft experience.
One area of focus is Microsoft Dynamics 365, a suite of business applications known for driving operational efficiency and improved enterprise resource management. As two innovative, technology-driven entities serving leading international brands worldwide, they see immense potential in cooperative growth and the mutual benefits it brings.
Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI) is a global fintech company at the forefront of accelerating businesses worldwide. With its modular, flexible, and scalable technology, Nuvei empowers leading companies to embrace next-gen payments, offer a wide range of payout options, and access card issuing, banking, risk management, and fraud prevention services.
With connections spanning more than 200 markets, local acquiring capabilities in 47+ markets, acceptance of 150 currencies, and access to 669 alternative payment methods, Nuvei is the technology partner that equips customers and partners to thrive locally and globally with a single integration.
In an era where payments are pivotal to the customer journey, the Nuvei-Microsoft partnership sets a new standard, promising innovative, convenient, and secure payment experiences for users worldwide. As these two tech giants join hands, the future of payments looks brighter than ever.
