Philip Fayer, Chair and CEO, commented on the announcement: “We’re thrilled to add an office in China to our global footprint as we continue to build our services in APAC. Ecommerce businesses rely on payments partners with global reach as well as local market expertise when they scale internationally. Our increased presence will enable businesses in APAC to enter new markets as we build on our existing regional expertise.”

Nuvei is already providing cross-border payment services to many Chinese businesses as they scale internationally, including Geekbuying, Vakatrip, and Cupshe. With its new increased footprint in the region, Nuvei is extending its global reach, as well as servicing current and future clients with an enhanced local expertise and customer service.

Launching an office in China is only the latest announcement from Nuvei as it continues to demonstrate its commitment to supporting businesses with accelerating their growth through payments in APAC. Recently, Nuvei announced that it had extended its global reach in the region by obtaining its local acquiring license in Australia, following the announcement that it had obtained local acquiring licenses in Singapore and Hong Kong in 2022. Nuvei also enables businesses in APAC to connect with customers across the region by offering all the relevant alternative payment methods (APMs) to every customer from its suite of 634 APMs.

Last month Nuvei also announced that it had partnered with Mastercard to enable businesses, including trading platforms, to offer customers instant payouts to bank cards. Already available to Nuvei customers in Singapore, the Mastercard Send™ service - which powers rapid payments for merchants, acquirers, governments, consumers and more, wherever they interact worldwide - will also be available in Australia and Hong Kong SAR, starting later this year.