On September 7, 2021, Nuvei Corporation, the global payment technology partner of thriving brands, acquired Paymentez LLC, a payment solution company providing direct connectivity in eleven countries with local acquiring in nine countries (Mexico, Ecuador, Venezuela, Colombia, Brazil, Peru, Argentina, Uruguay and Chile).
Paymentez provides a breadth of payment solutions to merchants and financial institutions, including gateway, white-labeling, card acquiring and prepaid card options. Paymentez supports high-growth eCommerce verticals including online games, delivery platforms, mobility, transportation, sports, as well as other segments throughout Latin America.
This acquisition increased Nuvei’s total addressable market by expanding and strengthening their presence in Latin America, enhancing their regional processing capabilities and enabling them to support more local payment methods.
A Fasken team composed of Caitlin Rose, Constantinos Ragas, Jean-François Séguin and Felicia Jin advised Nuvei Corporation in connection with this transaction.