Nuvei and VTEX partner amid global expansion drive

By Edlyn Cardoza

Nuvei Corporation, the Canadian FinTech company, and VTEX, the global enterprise digital commerce platform for premier brands and retailers, announced a global partnership that will provide greater flexibility and customisation for retailers as VTEX expands deeper into Latin America and new markets across Asia Pacific, North America, and Europe.

“Most companies today force brands to choose between customization or agility. At VTEX, we take a different approach. We deliver unprecedented time-to-revenue with an extensive set of capabilities. That is why this partnership is so strategic,” said Santiago Naranjo, Chief Revenue Officer at VTEX. “From the outset, Nuvei understood our clients’ needs and showed how to customize payments technology at speed with scale.”

To help address the changing dynamics of global retail business, VTEX is always looking at ways to help its premier client brands and retailers sell faster and more effectively. With this new partnership already available for VTEX’s customers around the globe, retailers and brands benefit from Nuvei’s advanced acceptance rate optimisation capabilities, seamless onboarding, and a fully customised approach to accelerate their revenues.

VTEX has over 2,400 customers and over 3,200 online stores in 38 countries as a global enterprise-grade digital commerce and marketplace platform. It works with blue-chip clients such as Sony, AbInbev, L’Oreal, Carrefour, Mazda, Motorola, Black & Decker, Levis, and Whirlpool.

VTEX also selected Nuvei for the depth of its local payment technology expertise in key markets such as Brazil, Mexico, Colombia, Singapore, and Hong Kong, combined with the breadth of its cross border payment capabilities that include access to more than 580 alternative payment methods in more than 200 markets.

Nuvei’s Chairman and CEO Philip Fayer commented on the partnership: “We help businesses grow and connect with their customers. VTEX is a global technology company that values collaboration and innovation. We’re proud to be supporting them amid their global expansion.”