Nuvei unveils comprehensive blockchain payment solution across LATAM

By Gloria Mathias

Nuvei, the Canadian FinTech company, has announced the launch of an innovative blockchain-based payment solution for merchants across Latin America (LATAM).

Through Nuvei’s partnerships with Rain, a vertically integrated issuing partner for global platforms, BitGo, the digital asset custodian and wallet solutions provider, and Visa, Nuvei is enabling businesses to utilise stablecoins, including USD Coin (USDC) for faster global settlement and reduced reliance on traditional payment rails.

By collaborating with Rain, BitGo, and Visa, Nuvei delivers a seamless and secure blockchain payment experience that empowers LATAM merchants to use their physical or virtual card supported by Visa to make payments using stablecoins from a digital asset wallet anywhere Visa is accepted. The solution benefits from Visa’s wide acceptance and simplifies corporate treasury management, offering faster cross-border transactions, secure digital asset custody, reduced currency complexity, and improved operational liquidity.

“Nuvei empowers businesses to connect more deeply with their customers through innovative payment solutions,” shared Nuvei Chair and CEO Philip Fayer. “By integrating stablecoin technology into our payment platform for B2B settlement, we’re ensuring our merchants continually receive unparalleled flexibility, security, and global reach.”

Rain Co-founder and CEO Farooq Malik said, “Our innovative platform connects traditional financial rails with the digital asset ecosystem, providing frictionless transactions for B2B and stablecoin payments. This partnership with Nuvei represents a significant step in making blockchain-based payments more accessible and flexible for businesses in Latin America.”

Luis Ayala, Director at BitGo, added, “As a leader in digital asset custody and infrastructure, we’re excited to support Nuvei’s expansion into blockchain payments. Our institutional-grade security and comprehensive digital asset services will help businesses in Latin America leverage stablecoin technology with confidence and operational efficiency.”

This comprehensive blockchain-based payments offering sets a new standard for payment solutions in Latin America, demonstrating Nuvei’s commitment to deepening its footprint in a region with rapid eCommerce growth. Year-to-date, Nuvei’s expansion of services in LATAM includes being the first global payments service provider to offer direct local acquiring in Colombia, implementing local acquiring services in Mexico, and obtaining a Payment Institution license in Brazil.