Nuvei set to obtain licence in Brazil with proposed acquisition of Pay2All
The proposed acquisition will enable Nuvei to operate in Brazil as an electronic currency issuer.
The proposed acquisition will enable Nuvei to operate in Brazil as an electronic currency issuer.
Wang succeeds Max Attias, who is transitioning to the role of CIO.
The licencing follows the paytech’s $6.3 billion acquisition by Advent International.
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The Canadian paytech expects the acquisition to close by “late 2024 or the first quarter of 2025”.
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The Canadian paytech says “no decision has been made at this time” regarding a potential deal.
The paytech was valued at $350 million only seven months ago.
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With Paya’s acquisition, Nuvei expects to capitalise on domestic and global payments opportunities.
The programme plays “a vital role in expanding the crypto ecosystem”, Nuvei CEO says.
The Montreal-based firm saw a surge in demand increase share prices from $20 to $45.
“We are jointly creating an international payment giant.”