Integration will deliver fast, seamless and secure payment processing for Wix merchants and their customers across all industries

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Wix's secondary headquarters, also in Tel Aviv Port, Israel. (Credit: דוד שי/Wikipedia.)

Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, today announced a partnership with Wix (Nasdaq: WIX), a leading global SaaS platform to create, manage and grow an online presence to facilitate payment processing for Wix merchants in North America.

This integration will deliver fast, seamless and secure payment processing for Wix merchants and their customers across all industries, including those with higher margins or more complex regulatory requirements. Nuvei will provide Wix with local acquiring and payment processing for their merchants, delivering them enhanced online shopping and digital payment experiences.

“We’re very excited to be working with Wix, it’s the perfect partnership for us,” explains Philip Fayer, Chair and CEO of Nuvei. “Nuvei and Wix are both high-tech, Nasdaq-listed companies experiencing hyper-growth across the globe. The entire tech sector is watching closely what we and Wix are doing as two fast-growing global experts in our fields. We’re delighted to be a part of Wix’s expansion plans.”

​​“We are constantly finding new ways to support our merchants and offer them the tools to grow their businesses, so they can continue to expand their online presence and provide the best service to their customers,” said Volodymyr Tsukur and Amit Sagiv, Co-Heads of Wix Payments. “We look forward to working with Nuvei, providing more payment options for our merchants.”

The partnership will mark a step change for Nuvei, giving Wix’s broad range of businesses, including SMBs direct access to Nuvei’s industry-leading payment solution, growing both the reach and profile of Nuvei’s brand. Wix, meanwhile, will leverage Nuvei’s fast go-to-market capabilities and industry-leading technology to maximize transaction success rates for its clients.

Source: Company Press Release