Nuvei partners with Adobe to expand eCommerce payment options
By Delisha Fernandes
Nuvei, a Canadian FinTech company, has formed a new global partnership with Adobe to enhance eCommerce payments.
The partnership enables B2B and B2C businesses operating on Adobe Commerce to simplify payment relationships and expand into new markets.
“After a record-setting holiday season for eCommerce, businesses have to adapt quickly to keep up with customer demand for personalized and convenient online shopping experiences,” said Jason Knell, Senior Director of Content and Commerce Partnerships at Adobe. “By working with Nuvei, Adobe Commerce provides merchants greater flexibility in the payment experience for consumers shopping online, as well as across B2B channels.”
B2B and B2C businesses specializing in a broad spectrum of verticals, including retail and consumer products, manufacturing, technology, and healthcare, can benefit from the reduction in complexity of a single integration to Nuvei’s agile, full-stack technology.
Nuvei’s API integration to over 680 regional alternative payment methods (APMs) enables Adobe Commerce merchants to reach their customers where they are. However, they want to pay through local, tailored payment experiences. Businesses are also able to expand internationally through the same single integration.
In addition to offering APMs in markets across the globe, Adobe Commerce customers can also enable Automated Clearing House (ACH) account-to-account transactions in the U.S. Growth in both volume and value of account-to-account payments continues to be rapid in the U.S. for both B2C and B2B transactions. This trend is set to continue as consumer adoption accelerates alongside the introduction of the FedNow instant payment infrastructure to the existing Clearing House Real-Time Payments network.
“We want to enable our customers to reach their customers, wherever they are in the world and however they want to conduct ecommerce,” said Philip Fayer, Nuvei Chair and CEO. “For businesses, an effective, personalized approach to payments strategy is key, and that is what this partnership delivers for users of Adobe Commerce.”
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