As the digital payments space undergoes changes, such as the uptake in cryptocurrencies, firms and providers must adapt accordingly.

What is it?

Nuvei’s Neil Erlick touched upon how the global payment solutions provider closed TSX’s largest-ever tech IPO in September of last year, among other topics, in discussion with Payment Expert’s Joe Streeter.

Who is it?

Neil Erlick, Chief Corporate Development Officer at Nuvei Corporation

Joe Streeter, News Editor of Payment Expert

What is being said?

Providing background on the basis of the company, Erlick began: “To emphasise the firm’s global presence, we operate in over 200 markets around the world. We have over 455 different alternative payment methods (APMs) in 150 currencies, and this is all done through a single platform.

“Things change very quickly but we can handle all the heavy lifting on behalf of our partners so they don’t have to worry about what’s changing, or how quickly it’s changing. We take that stress away from them.”

Referring to Nuvei’s recent definitive agreement to purchase Mazooma, he added: “We think it’s a game changer. With what they bring from account to account payments and – through a collaboration with Plaid – their connection to 11,000 financial institutions (FIs) in the US. We also had another previous acquisition about a year ago with Base Commerce that helped us with our Automated Clearing House (ACH) capabilities. 

“So we feel really comfortable with our positioning moving forward in the US, with all the different payment types. But not only because we’re comfortable, we think we’re bringing a great solution to our merchants and partners, and ultimately their customers.”

Why should I watch it?

To learn about how the payments space is constantly evolving and changing, and how providers operate on a country-by-country basis.

Where can I see more?

Source: SBC YouTube Channel

Neil Erlick: Mazooma acquisition is a ‘game changer’ for Nuvei