Canadian funds agency Nuvei Company has secured a Main Fee Establishment (MPI) license from the Financial Authority of Singapore.
This enables Nuvei’s Singapore subsidiary, Nuvei Singapore Pte Ltd, to increase its monetary providers inside the area, providing home and cross-border cash transfers in addition to service provider acquisition providers.
Nuvei’s funds platform permits companies to streamline working bills for companies, improve cost conversion charges, scale back dangers, and enhance total buyer cost experiences.
This marks a significant step in Nuvei’s broader technique to broaden its footprint throughout the Asia-Pacific space. It follows the corporate’s introduction of direct card buying capabilities in Australia and its ongoing growth in China.
Moreover, a collaboration with Mastercard Ship now permits Nuvei to supply virtually on the spot payout choices to companies in Singapore, facilitating speedy cross-border funds to billions of cardholders worldwide.
Nuvei’s modular funds platform permits shoppers to securely join with clients in over 200 markets worldwide by means of a single integration, accepting 680 various cost strategies and providing buying in over 50 markets.
The corporate that it’s going to proceed to put money into constructing its presence throughout APAC.
Philip Fayer
“Securing this MPI license is one other vital milestone as we proceed accelerating our development in APAC. This license enhances our service providing for patrons in Singapore by enabling us to supply further cost options, together with worldwide cash transfers by means of direct card payouts.
It additionally offers one other validation of our steadfast dedication to optimising the cost expertise for companies and customers all through this critically essential area.”
mentioned Philip Fayer, Nuvei’s Chair and CEO.
Featured picture credit score: Edited from Freepik
