Canada-based fintech leader Nuvei has unveiled a powerful new card issuing service, marking a major milestone in its mission to provide end-to-end payment solutions for global businesses. With operations now live across 30 markets, including the European Economic Area (EEA), Nuvei enables companies to issue both virtual and physical white-label cards to customers, employees, or contractors—streamlining payments, improving working capital, and enhancing customer loyalty.
This strategic expansion combines Nuvei’s robust global acquiring infrastructure with its new issuing capabilities, creating a unified financial ecosystem that supports instant funding, on-us processing, interchange optimization, and real-time transaction reporting. The integration offers significant operational and financial advantages for enterprises across industries such as e-commerce, insurance, gig economy platforms, and marketplaces.
Core Benefits of Nuvei’s Card Issuing Platform
👉 Discover how seamless card issuing can transform your business operations today.
Nuvei’s card issuing solution is designed to solve real-world business challenges. Key benefits include:
1. Improved Working Capital Efficiency
Virtual cards allow businesses to access and deploy funds immediately after a transaction is captured—without waiting for traditional settlement cycles. For example, an online travel agency can instantly issue a virtual card to pay for airline tickets or hotel bookings on behalf of a customer, significantly reducing cash flow delays.
2. Higher Authorization Rates
When Nuvei acts as both issuer and acquirer (on-us transactions), approval rates increase due to reduced friction and enhanced trust in the payment flow. This is particularly valuable in retail and marketplace environments where refunds are issued via branded cards and reused within the same ecosystem.
3. Cost-Effective and Frictionless Payments
Compared to traditional bank transfers or direct deposits, Nuvei’s card solutions offer faster, more secure, and often lower-cost disbursements. This is ideal for use cases like insurance claims, government benefits, gig worker payouts, and cross-border remittances—especially in regions with high unbanked populations.
4. Enhanced Customer Loyalty
Branded virtual or physical cards strengthen brand visibility and engagement. Retailers can use issued cards for refunds while linking them to rewards programs, encouraging repeat purchases and long-term loyalty.
“We’re excited to launch card issuing as an extension of our full-stack platform,” said Philip Fayer, Chairman and CEO of Nuvei. “This solution delivers tangible value by improving clients’ working capital and simplifying back-end processes.”
Strategic Partnerships Driving Innovation
Nuvei continues to expand its global footprint through strategic alliances that enhance payment experiences across sectors.
KoreConX: Enabling SEC-Compliant Private Investments
Nuvei powers payment processing for KoreConX, a secure infrastructure platform for private company capital markets. By enabling card-based and account-to-account transactions, Nuvei helps connect U.S.-based private firms with retail investors globally—ensuring full compliance with SEC regulations.
Curve: Accelerating International Growth
Financial super app Curve uses Nuvei’s full-stack payment technology to support card acquiring and alternative payment methods (APMs) across Europe. With real-time reporting and intelligent routing, Curve ensures high authorization rates and low-latency transactions—critical for maintaining a superior user experience.
Ubuy & Stuvia: Scaling E-commerce Globally
E-commerce platforms like Ubuy and Stuvia leverage Nuvei’s single integration to access over 600 local APMs—including Alipay, iDEAL, and PIX—enabling seamless checkout experiences in key international markets. This flexibility drives higher conversion rates and reduces failed transactions.
Advancing Open Banking with American Express
In a groundbreaking collaboration with American Express, Nuvei now offers “Pay with Bank Transfer” (PwBt) in the UK—a secure open banking solution that allows consumers to pay directly from their bank accounts without sharing card details.
- Eliminates manual data entry
- Enables instant reconciliation
- Offers competitive processing fees
- Supports high-value transactions in travel and utilities
Over 7 million UK consumers already use open banking payments, and this partnership positions Nuvei at the forefront of next-generation payment innovation.
👉 See how open banking can streamline your checkout flow instantly.
Supporting Education, Travel, and Gig Economy Platforms
Nuvei’s impact extends beyond retail and finance:
- Esenda: Partnered to deliver online tuition payments for schools in Dubai, supporting local APMs and secure billing.
- VakaTrip: Boosted conversion rates by 20% and reduced payment costs by 15% using Nuvei’s optimized acquiring stack.
- inDrive: Chosen as the payout provider for drivers across Latin America, addressing low card penetration with localized payment options.
Future Expansion Plans
The new card issuing service is currently available in 30 EEA markets, with plans to expand into the UK, U.S., and Latin America in 2024. Nuvei also continues to grow its presence in Asia-Pacific, recently opening an office in Shanghai and securing local acquiring licenses in Australia.
Additionally, Nuvei has partnered with Mastercard Send™ to enable instant payouts for online traders in Singapore, Australia, and Hong Kong—empowering investors to cash out funds to debit or prepaid cards within seconds.
Frequently Asked Questions (FAQ)
What is Nuvei’s card issuing solution?
Nuvei’s card issuing platform allows businesses to create virtual or physical white-label cards for customers, employees, or partners—enabling instant disbursements, improved cash flow, and brand loyalty.
How does Nuvei improve payment authorization rates?
By acting as both issuer and acquirer in certain transactions (on-us processing), Nuvei reduces friction and increases trust in the payment flow—leading to higher approval rates.
Can Nuvei support local payment methods globally?
Yes. Through a single integration, Nuvei provides access to over 600 alternative payment methods (APMs) across 200+ markets—including iDEAL in the Netherlands, PIX in Brazil, and Alipay in China.
Is open banking supported by Nuvei?
Absolutely. In partnership with American Express, Nuvei offers “Pay with Bank Transfer” in the UK—a secure open banking option that enables fast, low-cost payments directly from bank accounts.
How does Nuvei help e-commerce platforms scale internationally?
Nuvei enables global expansion through local acquiring in 47+ markets, multi-currency support, fraud management, and seamless integration of region-specific APMs—all via one API connection.
What industries benefit most from Nuvei’s solutions?
Key verticals include e-commerce, iGaming, education, SaaS platforms, gig economy apps, travel tech, and financial services—all benefiting from faster settlements, better UX, and lower costs.
A Leader in Sustainable Fintech Innovation
Beyond payments, Nuvei released its second annual ESG Report, highlighting commitments to diversity (30% female board representation), carbon footprint measurement (Scope 1 & 2), employee engagement, and community initiatives like mental health awareness campaigns.
With a modular, scalable platform built for speed and compliance, Nuvei empowers businesses to grow confidently—locally and globally.
👉 Unlock your business’s full potential with smarter payment infrastructure now.