Fintech company Nuvei today announced that it is now live as a direct payment acquirer in Canada.

This launch empowers Canadian businesses to process domestic transactions locally through Nuvei, eliminating the need for third-party processors and enabling significantly higher payment approval rates.

By processing transactions directly through Nuvei, merchants can now capture more sales, reduce lost transactions, and deliver a smoother experience to customers.

This milestone further advances Nuvei’s global strategy to establish direct acquiring capabilities in every major market, reinforcing its commitment to building local infrastructure that supports its vision of enabling payments everywhere.

With this announcement, Nuvei provides Canadian Businesses:

• Significantly higher approval rates through local processing and intelligent routing
• Reduced payment complexity by eliminating intermediaries
• Support for major card brands and real-time payout options
• Access to over 700 alternative payment methods and 150 currencies for international growth
• Unified reporting, easier reconciliation, and improved interchange cost prediction through a single global platform
• Enhanced omnichannel capabilities to serve customers seamlessly across in-store and online environments
• Increased conversions and better overall payment performance.

“Becoming a direct acquirer in Canada reflects our strategy to build direct acquiring capabilities in every major market,” said Phil Fayer, Chair and CEO of Nuvei. “There is no better place to showcase this than Canada, where our journey began. By combining local acquiring with our global platform, we help merchants achieve higher approval rates, better conversions, and more predictable interchange costs. Alongside powerful omni-channel capabilities and simplified reconciliation, we’re giving businesses around the world the infrastructure they need to grow faster and compete globally.”