Nuvei secures licence from the Central Bank of the UAE [Yahoo! Finance]
Nuvei Corporation (NVEI)
Company Research
Source: Yahoo! Finance
This represents an important strategic expansion into the United Arab Emirates (UAE) and fortifying its global presence and commitment to the Middle East and North Africa (MENA) region. The UAE is a crucial market for Nuvei's global customers due to its rapidly growing eCommerce sector, which is projected to surpass $10bn in revenue by 2029 with an annual growth rate (CAGR 2024-2029) of approximately 9%. The Retail Services Category II Licence enables Nuvei to offer its suite of payments technology to businesses operating in the thriving UAE market, including direct local acquiring, payment aggregation services, and domestic and cross-border fund transfers. Through direct local acquiring, Nuvei gains greater control over the payment life cycle, ensuring further optimised payment acceptance rates and lower processing costs for its customers. Nuvei already has a strong commercial presence and existing high-profile partnerships in the region This expansion across the MENA regio
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- Nuvei secures Retail Services Category II License from the Central Bank of the UAE [Yahoo! Finance]Yahoo! Finance
- Nuvei secures Retail Services Category II License from the Central Bank of the UAEPR Newswire
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NVEI
Sec Filings
- 6/24/24 - Form SC
- 6/20/24 - Form 6-K
- 6/18/24 - Form 6-K
- NVEI's page on the SEC website