OnBuy picks Nuvei as payments partner for digital marketplace

By Gloria Methri

UK marketplace OnBuy has selected Canadian FinTech Nuvei Corporation as its payment partner to accelerate growth initiatives in and beyond the UK.

OnBuy has been investing in new, innovation-led partnerships using the latest technologies to support its disruptive eCommerce model, and the partnership with Nuvei is a part of its growth strategy.

OnBuy will draw on more than 580 alternative payment methods provided by the FinTech along with its on-demand payment technology support. Card processing and acquiring are also part of a mix of payment technology services provided to OnBuy by Nuvei.

“This partnership with Nuvei is the first step on our roadmap to give our customers and retailers a new, incredibly exciting version of OnBuy. We have invested millions of pounds in adding new features and functions to our site ahead of going live in 2023,” said OnBuy CEO Cas Paton.

“These changes require the most comprehensive, flexible, and scalable payment options. That is why we partnered with Nuvei. We’re dedicated to being a trusted eCommerce alternative, providing a fair and transparent marketplace that is always moving forward. Nuvei, with its excellent support and next-generation technology, is helping us succeed in that mission,” Paton added.

Commenting on the partnership, Nuvei Chair and CEO Philip Fayer said, “As a technology-first company, we are always innovating and developing new ways to help our customers accelerate their revenues and execute their own international expansion initiatives. We are delighted to be supporting OnBuy as they grow in the UK and beyond.”