Canadian Fintech Nuvei Gains Ground in UAE's $10 Billion eCommerce Market

Canadian fintech company Nuvei is set to enter the UAE's booming eCommerce market after receiving preliminary approval for a Retail Services Category II License from the UAE Central Bank. This will enable them to offer comprehensive payment solutions in the region, enhancing business growth and payment experiences. Nuvei's Chair and CEO, Philip Fayer, emphasizes the company's commitment to enhance global customer connections through diversified payment methods. This strategic growth follows their latest partnerships and license acquisitions in other international markets. The company, on the verge of privatization, anticipates delivering superior payment services aligned with the UAE's digital economic progression. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Finance Magnates | Financial and business news – FinTech