Canadian fintech Nuvei Corporation (TSX:NVEI) has launched its card issuing solution in 30 markets worldwide. Nuvei customers can now offer their customers, employees or contractors physical and virtual white label cards.
The new offering is currently available in 30 markets across the European Economic Area, with a planned launch in the UK, US and Latin America in 2024.
The new service will offer businesses a variety of use cases, including:
- Virtual cards for B2B customers to pay suppliers.
- Payment cards for payments, which have utility for customers operating in Marketplaces, Insurance, iGaming or the Gig economy. and
- Wallet-as-a-Service, where Nuvei will manage the entire end-to-end process and distribution for customers, supporting specific use cases such as loyalty programs.
Nuvei President and CEO Philip Fayer commented on the announcement:
“We are excited to launch card issuance as an additional module to our full stack technology platform. This solution has practical applications for our customers, benefiting their customers by improving their own working capital and simplifying their back-office processing. The launch of our card issuance solution is another example of our dedication to finding new ways to accelerate our customers’ business across the various industries we operate in, while growing our own overall addressable market.”