🗝  South Africa🇿🇦: Nuvei🇨🇦 obtains a license to provide local payment services

🗝  South Africa🇿🇦: Nuvei🇨🇦 obtains a license to provide local payment services

Local businesses will gain access to a global payment platform.

💕 Canadian fintech company Nuvei has received authorization from the Payments Association of South Africa (PASA) to provide local payment services to merchants in South Africa🇿🇦. This expands Nuvei’s local acquiring infrastructure, transaction data capabilities, and operational oversight into another major growth market.

💕 Local transaction processing improves authorization rates compared with cross-border acquiring, reduces processing costs, and provides merchants with more accurate performance data. It also strengthens fraud prevention measures and helps mitigate potential risks.

💕 Through integration with Nuvei, global brands entering the South African market will be able to use familiar payment capabilities, optimize payments without adding gateways, and adapt their operating strategies to local conditions without having to establish their own local infrastructure.

💕 According to data from PayNXT360, South Africa’s B2C e-commerce market grew by 9.9% in 2025, reaching USD 8.48 billion. Its compound annual growth rate through 2029 is forecast to be 8.3%, bringing the market to USD 11.66 billion. This makes it particularly important for businesses operating in the market to optimize payment processes in line with local requirements.

💕 Background: Nuvei is a global fintech company headquartered in Montreal, Canada🇨🇦. It operates in more than 200 markets, supports 150 currencies, and offers over 720 payment methods. The Nuvei platform provides end-to-end transaction processing for businesses conducting domestic and cross-border commerce and also develops AI-powered agentic commerce solutions.

#news #worldwide #background #Africa

🤝 Argentina - issuance - instant acceptance and payouts in the same second starting at 2.5%