Nuvei has announced some exciting news — they’re acquiring Pay2All, a payment company authorized by Brazil’s Central Bank. This acquisition is part of Nuvei’s strategy to continue expanding globally and strengthen their presence in Latin America.
The deal allows Nuvei to offer payment services in Brazil, including processing transactions, managing digital wallets, and handling PIX, Brazil’s popular instant payment system.
Brazil’s online gambling industry has been growing rapidly, with revenue expected to hit nearly $2 billion by 2024. Through this deal, Nuvei is positioning itself to be a key payment processor for online gambling and e-commerce companies in the Brazilian market.
Nuvei’s CEO Philip Fayer seems thrilled about the acquisition. He said that obtaining regulatory approval to operate as a Payment Institution in Brazil has been a top priority. This acquisition brings them one step closer to that goal and demonstrates their commitment to providing tailored payment solutions to help Brazilian companies succeed.
Editor-in-chief and creator Cole Smith of casinocurrencies.com, has extensive experience with casino payment systems, The site was created to provide an honest and trustworthy resource for online gambling players.