Nuvei receives acquiring license from Discover Global Network

By Pavithra R

Nuvei, the global payment technology partner of thriving brands, has announced that its wholly-owned subsidiary has signed an acquiring agreement with Discover Global Network, the payment brand of Discover.

The partnership comes at a critical time as the shift to eCommerce continues to surge, satisfying the demand for greater connections between online merchants and Discover Global Network. The enhanced card acceptance offering allows businesses to provide an improved online shopping experience that can help increase sales and attract more global clients.

“Discover Global Network cardholders prefer to transact using their card of choice. A fintech leader such as Nuvei enables us to further drive growth throughout the digital payments ecosystem and provides our cardholders with the opportunity to purchase from more merchants across the globe in a seamless manner,” said Chris Winter, Vice President of Global Acceptance, Europe, Middle East and Africa at Discover.

The alliance provides Nuvei’s merchants with greater growth opportunities by allowing them to operate within the Discover Global Network, which includes Discover Card issued in the U.S., Diners Club International cards issued in more than 55 countries, and cards from its network partner alliances in countries such as India, Turkey, South Korea and Brazil. The collaboration enables Nuvei’s clients to benefit from higher transaction acceptance rates and greater worldwide reach. Merchants from all industries can enjoy the benefits, including online retail, marketplaces, social gaming, travel, iGaming and regulated financial services.

“We are excited to be partnering with Discover Global Network, as we continue to strengthen our global acquiring capabilities and further improve the transaction experience for our merchants and their customers. We’re actively focusing on opportunities that provide innovative solutions for frictionless commerce, no matter how or where our clients operate around the world,” said Philip Fayer, Nuvei’s Chair and CEO.

Established in 2003, Nuvei is an electronic payment processing company. Its proprietary platform offers direct connections to all major payment card schemes worldwide, supports over 470 local and alternative payment methods and 150 currencies and 40 cryptocurrencies.