{"id":773020,"date":"2023-07-27T09:05:09","date_gmt":"2023-07-27T13:05:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cloudpay-selects-nuvei-to-bring-greater-speed-and-agility-to-its-payments\/"},"modified":"2023-07-27T09:05:09","modified_gmt":"2023-07-27T13:05:09","slug":"cloudpay-selects-nuvei-to-bring-greater-speed-and-agility-to-its-payments","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cloudpay-selects-nuvei-to-bring-greater-speed-and-agility-to-its-payments\/","title":{"rendered":"CloudPay selects Nuvei to bring greater speed and agility to its payments"},"content":{"rendered":"<h2>\nThe global partnership expands CloudPay customers\u2019 access to fast, flexible payroll solutions<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">MONTREAL and RALEIGH, NC, July  27, 2023  (GLOBE NEWSWIRE) &#8212; Nuvei Corporation (\u201cNuvei\u201d or the \u201cCompany\u201d) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, and CloudPay, a leading global employee pay provider, are today announcing a strategic partnership that enables CloudPay customers to access faster, more flexible payroll solutions.<\/p>\n<p align=\"justify\">Nuvei\u2019s market-leading agile technology and global reach through a unified solution provide significant advantages for CloudPay customers that demand the ability to make payroll fast, flexible, and certain. The partnership also supports a broad range of global salary payment solutions, including the capability to push salary payment to cards through Visa Direct, reducing payment times from days to 30 minutes or less.<\/p>\n<p align=\"justify\">These expanded capabilities generated through the partnership are currently live in the U.S., and an expansion into new regions including Europe and APAC is expected to launch before the end of the year.<\/p>\n<p align=\"justify\">\u201cThis partnership enables us to meet the growing global demand for innovative payment solutions that are transforming the end-to-end employee pay process and providing new ways of attracting and retaining talent,\u201d said CloudPay Strategic Initiatives Director Nick Newman.<\/p>\n<p align=\"justify\">Nuvei Chair and CEO Philip Fayer commented on the announcement: \u201cWe\u2019re excited to be demonstrating yet another fantastic use case for our cutting-edge payments technology. Our mission is to enable our partners to offer a market-leading payments experience for pay ins and payouts, bringing businesses closer to their customers, or in this case employees. Enabling CloudPay to offer a transformative payroll solution is just the latest example of how our agile, customizable platform is revolutionizing online payments globally.\u201d<\/p>\n<p align=\"justify\">CloudPay data finds 95% of employees who use the CloudPay NOW app choose to use their debit card to receive salary payments because the transaction is instant and available 24\/7. Traditional salary payment structures rely on banks and limited hours of operation. There are no waiting periods when transactions are processed through Nuvei. In some instances, this allows companies to move from a biweekly pay cycle to a monthly cycle, saving time, money, and resources.<\/p>\n<p align=\"justify\">\u201cThe next generation of global money movement is one where companies may soon say goodbye to the traditional, biweekly pay cycle,\u201d said Anastasia Serikova, Head of Visa Direct, Europe. \u201cCloudPay and Nuvei are at the forefront of providing solutions that help workers access their pay faster. With Visa Direct, CloudPay\u2019s clients can eliminate inefficiencies associated with traditional ways that employees are paid, and provide quick access to the money they\u2019ve already earned.\u201d<\/p>\n<p align=\"justify\">Together with its partners, CloudPay is defining the modern pay experience. Through strategic partnerships that extend capabilities and increase speed, the company is elevating pay from an operational function to a business driver. Employers looking for ways to elevate the employee experience now have the ability to do so at scale across the globe.<\/p>\n<p align=\"justify\">\n        <b>About CloudPay<\/b>\n      <\/p>\n<p align=\"justify\">Employee pay processes have broad business consequences, requiring modern solutions and trusted experts across the globe. CloudPay connects all employee pay processes \u2013 including payroll, payments, and on-demand pay \u2013 through a unified platform available across 130+ countries, and 168 currencies. CloudPay\u2019s experts help global companies implement best practices, navigate change, optimize operations, and improve employee experiences, guiding them with vision and care toward the comprehensive pay experience employees deserve.<\/p>\n<p align=\"justify\">\n        <b>Media Contact:<\/b><br \/>\n        <br \/>Abbey Hogan<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QMGS9a5AHjEVKBWcZqfsBfs_YvHw8xoP0yuRteXx8kVFJSflfpGkYg0bPoumxNqjNHlzNAhSqE99yge4pKkD4fJwNIPJZYW-drOQQCGhLLlPYWp_NapW9ySRtJMy_Me8\" rel=\"nofollow noopener\" target=\"_blank\">ahogan@clearedgemarketing.com<\/a><br \/>(847) 858-4354<\/p>\n<p align=\"justify\">\n        <b>About Nuvei\u00a0 <\/b>\n      <\/p>\n<p align=\"justify\">Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei\u2019s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 47+ markets, 150 currencies and more than 600 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.\u00a0<\/p>\n<p align=\"justify\">For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xWOPOGcPBh5NZioPvcCv-bEecpAHtNf0_552Hlvdz0qDPWZLdM-c3QysKZnmfG-v0zc0XaRepIlvRqh2DROwQw==\" rel=\"nofollow noopener\" target=\"_blank\">www.nuvei.com<\/a><\/p>\n<p align=\"justify\">\n        <i>NVEI-IR<\/i>\n      <\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg4MjAwNiM1NzEyODE5IzIxMjQ3NTk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NmNiZjc0MjAtMjZhNC00MGExLTg1MmEtZTQxOTMwNWNhYjRiLTExMzYzMzA=\/tiny\/Nuvei.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Alex Hammond\r\nNuvei\r\nalex.hammond@nuvei.com\r\n\r\nInvestor Relations\r\nNuvei\r\nIR@nuvei.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The global partnership expands CloudPay customers\u2019 access to fast, flexible payroll solutions MONTREAL and RALEIGH, NC, July 27, 2023 (GLOBE NEWSWIRE) &#8212; Nuvei Corporation (\u201cNuvei\u201d or the \u201cCompany\u201d) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, and CloudPay, a leading global employee pay provider, are today announcing a strategic partnership that enables CloudPay customers to access faster, more flexible payroll solutions. Nuvei\u2019s market-leading agile technology and global reach through a unified solution provide significant advantages for CloudPay customers that demand the ability to make payroll fast, flexible, and certain. The partnership also supports a broad range of global salary payment solutions, including the capability to push salary payment to cards through Visa Direct, reducing payment times from days to 30 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cloudpay-selects-nuvei-to-bring-greater-speed-and-agility-to-its-payments\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CloudPay selects Nuvei to bring greater speed and agility to its payments&#8221;<\/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-773020","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CloudPay selects Nuvei to bring greater speed and agility to its payments - 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\/cloudpay-selects-nuvei-to-bring-greater-speed-and-agility-to-its-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CloudPay selects Nuvei to bring greater speed and agility to its payments - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The global partnership expands CloudPay customers\u2019 access to fast, flexible payroll solutions MONTREAL and RALEIGH, NC, July 27, 2023 (GLOBE NEWSWIRE) &#8212; Nuvei Corporation (\u201cNuvei\u201d or the \u201cCompany\u201d) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, and CloudPay, a leading global employee pay provider, are today announcing a strategic partnership that enables CloudPay customers to access faster, more flexible payroll solutions. Nuvei\u2019s market-leading agile technology and global reach through a unified solution provide significant advantages for CloudPay customers that demand the ability to make payroll fast, flexible, and certain. The partnership also supports a broad range of global salary payment solutions, including the capability to push salary payment to cards through Visa Direct, reducing payment times from days to 30 &hellip; Continue reading &quot;CloudPay selects Nuvei to bring greater speed and agility to its payments&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cloudpay-selects-nuvei-to-bring-greater-speed-and-agility-to-its-payments\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-27T13:05:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg4MjAwNiM1NzEyODE5IzIxMjQ3NTk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cloudpay-selects-nuvei-to-bring-greater-speed-and-agility-to-its-payments\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cloudpay-selects-nuvei-to-bring-greater-speed-and-agility-to-its-payments\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CloudPay selects Nuvei to bring greater speed and agility to its payments\",\"datePublished\":\"2023-07-27T13:05:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cloudpay-selects-nuvei-to-bring-greater-speed-and-agility-to-its-payments\\\/\"},\"wordCount\":658,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cloudpay-selects-nuvei-to-bring-greater-speed-and-agility-to-its-payments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODg4MjAwNiM1NzEyODE5IzIxMjQ3NTk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cloudpay-selects-nuvei-to-bring-greater-speed-and-agility-to-its-payments\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cloudpay-selects-nuvei-to-bring-greater-speed-and-agility-to-its-payments\\\/\",\"name\":\"CloudPay selects Nuvei to bring greater speed and agility to its payments - 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