Nuvei Partners with Adobe to Expand eCommerce Payment Options Worldwide
Nuvei, a Canadian FinTech company, has announced a significant global partnership with Adobe aimed at revolutionizing eCommerce payments, as highlighted in PYMNTS News. This partnership seeks to provide Adobe Commerce customers with a seamless payment experience by integrating Nuvei’s comprehensive payment suite into Adobe Commerce through a single Application Programming Interface (API).
Jason Knell, senior director of content and commerce partnerships at Adobe, emphasized the urgency of adapting to customer demands in the wake of a record-setting holiday season for eCommerce. He stated, «After a record-setting holiday season for eCommerce, businesses are having to adapt quickly to keep up with customer demand for personalized and convenient online shopping experiences.»
The primary goal of this collaboration is to simplify payment processes for businesses operating on Adobe Commerce while facilitating their expansion into new markets. A standout feature of this partnership is the accessibility of over 680 regional alternative payment methods (APMs) through Nuvei’s API integration. This comprehensive array of payment options enables Adobe Commerce merchants to cater to local preferences effectively and expand their global reach with a single integration.
Additionally, Adobe Commerce customers in the United States will have the option to enable Automated Clearing House (ACH) account-to-account transactions, further enhancing payment flexibility.
Philip Fayer, chair and CEO of Nuvei, highlighted the importance of delivering an effective, personalized payment strategy, stating, «We want to enable our customers to reach their customers, wherever they are in the world and however they want to conduct eCommerce. For businesses, an effective, personalized approach to payments strategy is key, and that is what this partnership is delivering for users of Adobe Commerce.»
Nuvei is known for its modular, flexible, and scalable technology, which allows companies to embrace next-generation payment methods and offer various payout options. The company operates with local acquiring capabilities in 50 markets, accepts 150 currencies, and supports 680 alternative payment methods.
According to PYMNTS Intelligence, international online trading carries increased risks and greater exposure to payment challenges compared to operating solely within the U.S. domestic market. To address these challenges, businesses are encouraged to implement effective mechanisms and screening tools to prevent fraud and minimize payment disruptions. This collaborative effort between PYMNTS Intelligence and Nuvei, titled «The Role of Fraud Screening in Minimizing Failed Payments,» underscores the importance of enhancing payment experiences and customer retention in the evolving eCommerce landscape.