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Nuvei Secures South African License to Expand Global Payments Platform

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Nuvei Secures South African License to Expand Global Payments Platform

Nuvei has secured a license to offer local merchant payments services in South Africa, the global FinTech company said in a Wednesday (Oct. 14) press release.

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The authorization came from the Payments Association of South Africa, according to the release.

With this authorization, Nuvei can extend its local acquiring and payment acceptance infrastructure, transaction data and operational controls to South Africa, which is one of Africa’s largest digital commerce markets, the release said.

The expansion brings the number of markets in which Nuvei offers its local acquiring infrastructure to 52. It also advanced Nuvei’s “Every Payment Everywhere” strategy, which aims to support global brands and local businesses by optimizing payment performance through its global payments platform, per the release.

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Nuvei’s offerings in South Africa will support both international businesses that are entering the region and South African companies that are expanding globally, Nuvei Chair and CEO Phil Fayer said in the release.

“Commerce is global, but payment performance is local,” Fayer said. “Our expansion into South Africa is another step towards giving businesses access to locally optimized payment capabilities at global scale.”

75 billion to create a global platform for local and cross-border commerce. The companies said they expect the transaction to close in mid-2027, subject to customary closing conditions.


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