Nuvei secures Retail Services Category II License from the Central Bank of the UAE [Yahoo! Finance]
Nuvei Corporation (NVEI)
Company Research
Source: Yahoo! Finance
MONTREAL June 25, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announced that it has secured an in-principle approval for a Retail Services Category II License from the Central Bank of the UAE, representing 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 $10 billion in revenue by 2029 with an annual growth rate (CAGR 2024-2029) of approximately 9% The Retail Services Category II License enables Nuvei to offer its comprehensive 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, N
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NVEI
News
- Top 20 global payment giants thrive despite economic challenges, rake in $236bn in 2023, reveals GlobalData [Yahoo! Finance]Yahoo! Finance
- Nuvei secures licence from the Central Bank of the UAE [Yahoo! Finance]Yahoo! Finance
- The Good, The Bad, And The Pointless? Giving A Lift To Crypto Airdrops [Forbes]Forbes
- Nuvei secures Retail Services Category II License from the Central Bank of the UAEPR Newswire
- Ryan Reynolds-backed fintech secures court approval for Advent deal [Wealth Professional (Canada)]Wealth Professional
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