Nuvei announced the acquisition of Pay2All Instituição de Pagamento Ltda., a licensed payment institution in Brazil. This strategic move enhances Nuvei’s capabilities in the Brazilian market, allowing it to offer local payment services. With Brazil’s internet gaming market expected to grow significantly, this acquisition positions Nuvei as a key payment partner, according to CEO Philip Fayer.
“Securing a Payment Institution license in Brazil has been a top priority and will mark another significant milestone in our global expansion strategy,” he stated. “The proposed transaction not only strengthens our presence in LATAM but also demonstrates our commitment to providing fully localized and modern payment solutions to businesses in Brazil.”
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