Canadian fintech company Nuvei Corporation (TSX:NVEI) has launched its card issuing solution in 30 markets globally. Nuvei clients can now offer their customers, employees, or contractors physical and virtual white-labelled cards.

The new offering is currently available in 30 markets across the European Economic Area, with a roll-out to the UK, US and Latin America planned for 2024.

The new service will offer businesses a variety of use cases, including:

• Virtual cards for B2B customers to pay suppliers.
• Payment cards for payouts, which has utility for customers operating in Marketplaces, Insurance, iGaming or the Gig economy; and
• Wallet-as-a-Service, where Nuvei will manage the entire end-to-end process and distribution for customers, supporting specific use cases such as loyalty programs.

Nuvei Chair and CEO, Philip Fayer commented on the announcement:

“We’re thrilled to launch card issuing as an additional module to our full stack technology platform. This solution has practical applications for our clients, benefiting their customers by improving their own working capital and simplifying their back-office processing. The launch of our card issuing solution is another example of our dedication to finding new ways to accelerate the business of our clients across the different verticals we operate in, all while growing our own total addressable market.”