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Nuvei Corp (NASDAQ:NVEI) collaborated with Microsoft Corp (NASDAQ:MSFT) to offer payment experiences for customers of its products, solutions, and services across core markets.
With this deal, Microsoft plans to use Nuvei's customizable and agile payments technology in the Middle East and the African regions.
Also, Microsoft can utilize other benefits from this contract, including optimized authorization rates through local acquisition and superior risk management that minimize false declines and offer each market all relevant local alternative payment methods (APMs) through a single integration.
Ajith Thekadath, Vice President Global Payments at Microsoft said, "Whether it is a one-off purchase, software subscription, or in-game purchasing, payments are critical to our overall customer experience. Partnering with Nuvei enables our customers to pay wherever they are and whenever they want to."
Last month, Nuvei launched its card-issuing solution in 30 markets globally.
Also, Nuvei partnered with Nayax Ltd (NASDAQ:NYAX) to offer payment solutions to aid merchants in scaling their business and specializing in cashless payment solutions and unattended payment terminals.
Price Action: NVEI shares closed higher by 3.21% at $21.19 on Friday.
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