Nuvei Gets South African Payment License
Nuvei expands global payments platform with new South African license.
In brief
Nuvei expands global payments platform with new South African license. Nuvei secured a South African payment license to extend its global payments infrastructure to 52 markets, advancing its 'Every Payment Everywhere' strategy. Originally reported by Pymnts.
Nuvei Secures South African License
Nuvei obtained authorization from the Payments Association of South Africa to offer local merchant payments services in South Africa.
Expands to 52 Markets
The expansion brings Nuvei's local acquiring infrastructure to 52 markets, advancing its 'Every Payment Everywhere' strategy.
Supports Global Businesses
Nuvei's South African services support international businesses entering the region and global companies expanding locally.
Acquisition Plans
Nuvei plans to acquire Payoneer for $2.75 billion to create a global platform for cross-border commerce by mid-2027.
In short
Nuvei secured a South African payment license to extend its global payments infrastructure to 52 markets, advancing its 'Every Payment Everywhere' strategy.
