Ubuy and Nuvei Join Forces to Enhance Global Payment Solutions

In a strategic move aimed at bolstering its global reach and enhancing the shopping experience for its international customer base, Ubuy, the leading international eCommerce platform headquartered in Kuwait, has entered into a partnership with Nuvei Corporation, a prominent Canadian FinTech enterprise, as outlined in Fintech Global News.

The primary objective of this collaboration is to elevate the checkout experience for Ubuy’s diverse international clientele, strengthening the bridge that connects global consumers with renowned brands.

Ubuy has established itself as a pivotal conduit, linking consumers worldwide to an extensive array of globally acclaimed product choices. In contrast, Nuvei is renowned for its comprehensive suite of alternative payment methods (APMs), a feature integral to Ubuy’s mission. Through a single integration with Nuvei, businesses gain access to a staggering 634 APMs, empowering them to tailor their payment options to their target markets, thus enhancing the overall consumer checkout experience.

The significance of alternative payment methods (APMs) has grown substantially in the realm of global eCommerce. Changing consumer payment preferences have driven a surge in the use of methods such as Alipay in China, iDEAL in The Netherlands, and PIX in Brazil. By partnering with Nuvei, Ubuy is equipping consumers in these markets, and several others, with these favored payment options. This move not only ensures higher customer retention but also boosts revenues, particularly when traditional card transactions face challenges.

Ubuy, armed with Nuvei’s expansive range of payment options, is poised to expand its global footprint while remaining committed to delivering a universally seamless eCommerce experience to customers, regardless of their geographical location.

This partnership announcement also underscores Nuvei’s increasing dedication to the Middle East and Africa region, showcasing their commitment to supporting businesses in these areas.

Dhari Al Abdulhadi, CTO & Founder of Ubuy, expressed his enthusiasm about the collaboration, stating, «It is important for us to offer an industry-leading eCommerce experience for our customers, including enabling them to complete purchases via any of the payment methods they are familiar with. We’re delighted to be partnering with Nuvei to offer all the relevant payment methods our customers demand in each market we operate, through a single integration, and without the need to manage many dozens of independent relationships with payments companies.»

Philip Fayer, Nuvei’s Chair and CEO, emphasized their mission to facilitate closer connections between businesses and their customers through payments, regardless of location or payment preference. He noted, «As an eCommerce business with customers all over the world, Ubuy’s global appeal is underpinned by checkouts tailored to local markets. We’re proud to support Ubuy as it continues to accelerate its growth.»

This strategic partnership between Ubuy and Nuvei marks a significant step forward in the world of eCommerce, where seamless and region-specific payment options are pivotal in providing customers with a satisfying shopping experience. It underscores the commitment of these industry leaders to continuously adapt and enhance the eCommerce landscape to meet the evolving needs of consumers across the globe.