Canadian fintech company Nuvei Corporation (TSX:NVEI) today announces that it is partnering with Cash App, a fast and simple payment method that allows customers to make online payments by either scanning a simple QR code or tapping Cash App Pay during the checkout process .
Partners in the US can seamlessly add Cash App Pay to their online checkout through their existing integration with Nuvei.
Cash App Pay’s simple, intuitive payment experience encourages repeat customers and appeals to younger consumers by providing them with a convenient way to pay using their Cash App balance or linked debit card. In addition to acquiring new customers, diversifying away from reliance on card payments also boosts overall payment acceptance rates and optimizes costs, further enhancing revenue acceleration.
Philip Fayer, President and CEO of Nuvei, commented on the announcement:
“Cash App Pay is rapidly being adopted as a payment method in the US, especially with younger consumers. Our mission is to support our partners to engage with their customers, wherever they are and however they want to pay. This partnership enables businesses to seamlessly integrate Cash App Pay into their online payment experience, attracting new customers and accelerating revenue growth in the process.”
This announcement is the latest from Nuvei as it continues to build its industry-leading portfolio of alternative payment methods (APMs) for partner access through a single integration. Nuvei’s flexible, customizable platform allows businesses to effortlessly adapt their e-cash registers with all relevant APMs to each market they operate.