E-Commerce Payment Solutions Collaboration Helps Retailers Accelerate Their Growth and Profitability
Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), a Canadian fintech, global payment solutions provider, and VTEX (NYSE: VTEX), a global enterprise digital commerce platform for premium brands and retailers, announced a global partnership that will provide greater flexibility and customization for retailers as VTEX expands across Latin America and into new markets in Asia Pacific, North America and Europe.
To cope with the changing dynamics of the global retail business, VTEX is always looking for ways to help its key clients' brands and retailers sell faster and more effectively. With this new partnership, now available to VTEX customers worldwide, retailers and brands benefit from Nuvei's advanced pass rate optimization capabilities, streamlined onboarding, and a fully customized approach to accelerating their revenues.
As an enterprise-grade global digital commerce platform and marketplace, VTEX has more than 2,400 customers and more than 3,200 online stores in 38 countries. Works with large companies such as Sony, AbInbev, L'Oreal, Carrefour, Mazda, Motorola, Black & Decker, Levis and Whirlpool.
Nuvei was also selected by VTEX for its extensive experience in local payment technology in key markets such as Brazil, Mexico, Colombia, Singapore, and Hong Kong, combined with the breadth of its international payment capabilities that include access to over 580 methods payment alternatives in over 200 markets.
“Most companies today force brands to choose between customization or agility. At VTEX, we take a different approach. We offer unprecedented revenue generation time with a broad feature set. This is why this partnership is so strategic”, says Santiago Naranjo, Revenue Director (CRO) at VTEX. “From the beginning, Nuvei understood our customers' needs and showed them how to customize payment technology with speed and scale,” adds Naranjo.
Nuvei President and CEO Philip Fayer commented on the partnership: “We help companies grow and connect with their customers. VTEX is a global technology company that values collaboration and innovation. We are proud to support them in their global expansion.”
