Nuvei agrees to acquire licensed payment institution in Brazil

Nuvei has entered into a definitive agreement to acquire Pay2All Instituicao de Pagamento, a licensed Payment Institution authorized by the Central Bank of Brazil. The Payment Institution license will enable Nuvei to offer comprehensive payment services in Brazil as an Issuer of Electronic Currency. These include accepting payments, managing e-wallets and betting accounts, and participating in all of Brazil’s local payment systems, including processing Pagamentos Instantaneos transactions. By securing a Payment Institution license, Nuvei will be positioned as a payment partner to the iGaming and broader eCommerce ecosystems in Brazil. In addition to securing its impending Payment Institution license in Brazil, Nuvei is also currently implementing a local acquiring service in Mexico. Further strategic expansion in LATAM is scheduled to follow.