{"id":442002,"date":"2021-02-23T09:03:31","date_gmt":"2021-02-23T14:03:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=442002"},"modified":"2021-02-23T09:03:31","modified_gmt":"2021-02-23T14:03:31","slug":"nuvei-accelerates-expansion-in-the-us-igaming-market","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvei-accelerates-expansion-in-the-us-igaming-market\/","title":{"rendered":"Nuvei Accelerates Expansion in the US iGaming Market"},"content":{"rendered":"

\nLeading fintech provider Nuvei expands presence in the growing US regulated iGaming market by leveraging proprietary technology and decades of international industry experience
\n<\/h2>\n
\n

SCOTTSDALE, Ariz. and MONTREAL, Feb. 23, 2021 (GLOBE NEWSWIRE) — Nuvei Corporation<\/u><\/a> (\u201cNuvei\u201d or the \u201cCompany\u201d) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announces its accelerated expansion into the U.S. iGaming market. Onboarding online operators from fantasy sports, sports betting, casino, iLottery and several other industry sectors, Nuvei merchants can succeed due to the Company\u2019s vast experience in customizing payment solutions specifically for online gaming and gambling operators.<\/p>\n

Recognizing huge opportunity in the growing U.S. iGaming market, Nuvei has already obtained approvals to provide payment services to iGaming operators in multiple states, with more expected. Backed by decades of international industry experience, the Company can provide a seamless payment experience, from rapid onboarding to fraud prevention and optimizing payment profitability.<\/p>\n

With more and more U.S. states legalizing online gaming and betting, U.S. iGaming revenue is expected to reach USD 127.3 billion by 2027<\/u><\/a>1<\/sup>. Nuvei\u2019s response to the increased demand is to expand its end-to-end platform that focuses on one fast and simple integration, flexibility, automation, and innovative features that eliminate critical iGaming merchant pain points while facilitating business growth.<\/p>\n

A particular industry pain point that Nuvei\u2019s solution tackles is low payment acceptance rates. Through smart and sophisticated transaction routing via multiple acquirers, and acceptance of multiple payment methods for fast deposits and withdrawals\u2014including cards, digital wallets, bank transfers and ACH\u2014the Company\u2019s aim is to provide the highest success rates possible.<\/p>\n

\u201cNuvei is uniquely equipped to dive right into the rapidly expanding U.S. iGaming market, and as more states continue to legalize online gambling, our proven, market-tested payment solutions can deliver on operators\u2019 key requirements from A-Z,\u201d said Philip Fayer, Nuvei\u2019s chairman and CEO. \u201cWe have helped make online gaming transactions safer, faster and more efficient for nearly two decades across the globe. Our rapid growth is the result of our dominant position in the global iGaming space and our relentless commitment to our clients\u2019 success.\u201d<\/p>\n

Offering seamless pay-in and payout capabilities, Nuvei enables operators to satisfy and gain more loyal clients. In addition, instant authentication of bank accounts for ACH payments provide added flexibility leading to increased conversions. The Company\u2019s global token service provides best-in-class fraud protection for repeat payments, while enhancing revenue.<\/p>\n

Cashier, Nuvei\u2019s proprietary hosted payment page customized for the gaming industry, is the fastest integration option and is proven to decrease abandonment through its streamlined user experience, displaying the players\u2019 preferred payment methods. Declined transactions trigger an automated recovery function to further increase conversion rates. Cashier is also designed to optimize multi-directional payment flows while adhering to unique industry compliance and regulations.<\/p>\n

\u201cOur speedy expansion in the U.S. leverages our track record of serving iGaming operators and platforms across most regulated markets in the world,\u201d said Yuval Ziv, Nuvei\u2019s managing director of digital payments. \u201cOur expertise in the iGaming sector means we can anticipate the needs of the market and facilitate the success of operators in all regulated states.\u201d<\/p>\n

\n About Nuvei <\/strong>\n <\/p>\n

We are Nuvei (TSX: NVEI and NVEI.U), the payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration \u2013 propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform offers direct connections to all major payment card schemes in over 200 markets worldwide, supports 450 local and alternative payment methods and nearly 150 currencies. Our purpose is to make our world a local marketplace.<\/p>\n

For more information, visit\u00a0www.nuvei.com<\/a>.<\/p>\n

\n Forward-Looking Information <\/strong>\n <\/p>\n

This presses release contains \u201cforward-looking information\u201d within the meaning of applicable securities laws, including statements with regards to the potential opportunities arising from the Company\u2019s expansion into the U.S. regulated iGaming market. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company\u2019s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to those described under \u201cRisk Factors\u201d in Nuvei\u2019s final short form shelf prospectus dated December 7, 2020. Forward-looking information is based on management\u2019s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.<\/p>\n

\n 1<\/sup> Grand View Research, Online Gambling Market Size, Share & Trends Analysis Report By Type (Sports Betting, Casinos, Poker, Bingo), By Device (Desktop, Mobile), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2020 \u2013 2027<\/a><\/p>\n

\n Contact:<\/strong>\n <\/p>\n

Investor Relations
IR@nuvei.com<\/a><\/p>\n

Public Relations
PR@nuvei.com<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Leading fintech provider Nuvei expands presence in the growing US regulated iGaming market by leveraging proprietary technology and decades of international industry experience SCOTTSDALE, Ariz. and MONTREAL, Feb. 23, 2021 (GLOBE NEWSWIRE) — Nuvei Corporation (\u201cNuvei\u201d or the \u201cCompany\u201d) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announces its accelerated expansion into the U.S. iGaming market. Onboarding online operators from fantasy sports, sports betting, casino, iLottery and several other industry sectors, Nuvei merchants can succeed due to the Company\u2019s vast experience in customizing payment solutions specifically for online gaming and gambling operators. Recognizing huge opportunity in the growing U.S. iGaming market, Nuvei has already obtained approvals to provide payment services to iGaming operators in multiple states, … <\/p>\n

Continue reading “Nuvei Accelerates Expansion in the US iGaming Market”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-442002","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNuvei Accelerates Expansion in the US iGaming Market - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nuvei-accelerates-expansion-in-the-us-igaming-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nuvei Accelerates Expansion in the US iGaming Market - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Leading fintech provider Nuvei expands presence in the growing US regulated iGaming market by leveraging proprietary technology and decades of international industry experience SCOTTSDALE, Ariz. and MONTREAL, Feb. 23, 2021 (GLOBE NEWSWIRE) — Nuvei Corporation (\u201cNuvei\u201d or the \u201cCompany\u201d) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announces its accelerated expansion into the U.S. iGaming market. Onboarding online operators from fantasy sports, sports betting, casino, iLottery and several other industry sectors, Nuvei merchants can succeed due to the Company\u2019s vast experience in customizing payment solutions specifically for online gaming and gambling operators. 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