{"id":773833,"date":"2023-07-31T14:38:01","date_gmt":"2023-07-31T18:38:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/travel-platform-vakatrip-boosts-conversion-rates-by-20-through-its-payments-partnership-with-nuvei\/"},"modified":"2023-07-31T14:38:01","modified_gmt":"2023-07-31T18:38:01","slug":"travel-platform-vakatrip-boosts-conversion-rates-by-20-through-its-payments-partnership-with-nuvei","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/travel-platform-vakatrip-boosts-conversion-rates-by-20-through-its-payments-partnership-with-nuvei\/","title":{"rendered":"Travel platform VakaTrip boosts conversion rates by 20% through its payments partnership with Nuvei"},"content":{"rendered":"<h2>\nNuvei\u2019s full stack solution, including its integration to an extensive offering of payment methods, is uniquely supporting the Chinese operator\u2019s global expansion<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">MONTREAL, July  31, 2023  (GLOBE NEWSWIRE) &#8212; Nuvei Corporation (\u201cNuvei\u201d or the \u201cCompany\u201d) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has been selected by VakaTrip, a leading online travel booking platform that aggregates data from over 80 budget airlines, as its payments partner to support its international expansion.<\/p>\n<p align=\"justify\">Based in China, VakaTrip is leveraging Nuvei\u2019s global reach, including its local acquiring capabilities in 47 countries, to optimize card payment acceptance from its international customer base. This includes optimized settlement to enable smooth and efficient fund transfer, and best-in-class risk management solutions to secure transactions and minimize fraud.<\/p>\n<p align=\"justify\">Nuvei\u2019s ubiquitous access to over 600 alternative payment methods, available through a single integration, is also enabling VakaTrip to offer all the relevant payment methods to its customers, in every market that it operates.<\/p>\n<p align=\"justify\">Since partnering with Nuvei, VakaTrip has witnessed substantial improvements in its business performance. Conversion rates for successful payments have increased by 20%, and VakaTrip has achieved a 15% reduction in total payment costs, optimizing payments performance further.<\/p>\n<p align=\"justify\">Muwa Yang, CEO of VakaTrip, commented on the announcement: \u201cVakaTrip prides itself on its commitment to customer service, and is known for its efficient and convenient booking services for hotels and airlines. By utilizing Nuvei\u2019s market-leading payments technology, VakaTrip is ensuring its customers enjoy a frictionless payment experience.\u201d<\/p>\n<p align=\"justify\">Muwa Yang continued: \u201cNuvei is our trusted partner, supporting us as more than just a payment processor. They are the foundation of our connection with consumers.\u201d<\/p>\n<p align=\"justify\">\u201cWe\u2019re delighted to expand our partnership with VakaTrip to support its international expansion and accelerate its growth\u201d, added Philip Fayer, CEO and Chair of Nuvei. \u201cWe\u2019ve already started to see the results of VakaTrip\u2019s utilization of our technology to optimize its payments. We look forward to maximizing revenues for VakaTrip as our partnership continues.\u201d<\/p>\n<p align=\"justify\">\n        <b>About VakaTrip<\/b>\n      <\/p>\n<p align=\"justify\">Since 2018, VakaTrip has been steadily building the capabilities in aggregating and providing quality and competitive airline content to its B2B and B2C partners. In particular, it has built a reputation for aggregating directly connected content that offers accessibility, stable connectivity, and greater depth in air content, especially Low Cost Carrier content, globally.<\/p>\n<p>VakaTrip now processes over 150,000 air bookings per month and 550 million search queries each day. Based on the self-developed multi-supply system, VakaTrip leverages the strength in air content aggregation to offer the most competitive fare and route solutions for customers.<\/p>\n<p><b>About Nuvei\u00a0 <\/b><\/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=Jo4IyexifPD-JLNUVhdDPwfNaX7k_S8FfDfgsnh0abPTUI1BbwkTQqkKr7ET3KRUBGdnaQ0E62eD1WOrqQJRVQ==\" 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=ODg4Mzg2MiM1NzI3ODk1IzIxMjQ3NTk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/OGJiMGFmNTUtZmI2ZS00ODY1LTlkNjItMjFlMzFjNzcwMzY3LTExMzYzMzA=\/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>Nuvei\u2019s full stack solution, including its integration to an extensive offering of payment methods, is uniquely supporting the Chinese operator\u2019s global expansion MONTREAL, July 31, 2023 (GLOBE NEWSWIRE) &#8212; Nuvei Corporation (\u201cNuvei\u201d or the \u201cCompany\u201d) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has been selected by VakaTrip, a leading online travel booking platform that aggregates data from over 80 budget airlines, as its payments partner to support its international expansion. Based in China, VakaTrip is leveraging Nuvei\u2019s global reach, including its local acquiring capabilities in 47 countries, to optimize card payment acceptance from its international customer base. This includes optimized settlement to enable smooth and efficient fund transfer, and best-in-class risk management solutions to secure &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/travel-platform-vakatrip-boosts-conversion-rates-by-20-through-its-payments-partnership-with-nuvei\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Travel platform VakaTrip boosts conversion rates by 20% through its payments partnership with Nuvei&#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-773833","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>Travel platform VakaTrip boosts conversion rates by 20% through its payments partnership with Nuvei - 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\/travel-platform-vakatrip-boosts-conversion-rates-by-20-through-its-payments-partnership-with-nuvei\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Travel platform VakaTrip boosts conversion rates by 20% through its payments partnership with Nuvei - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Nuvei\u2019s full stack solution, including its integration to an extensive offering of payment methods, is uniquely supporting the Chinese operator\u2019s global expansion MONTREAL, July 31, 2023 (GLOBE NEWSWIRE) &#8212; Nuvei Corporation (\u201cNuvei\u201d or the \u201cCompany\u201d) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has been selected by VakaTrip, a leading online travel booking platform that aggregates data from over 80 budget airlines, as its payments partner to support its international expansion. Based in China, VakaTrip is leveraging Nuvei\u2019s global reach, including its local acquiring capabilities in 47 countries, to optimize card payment acceptance from its international customer base. 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