Nuvei Gains Scheme Licenses to Process UK Payments Post-Brexit

The Canadian payment technology provider Nuvei announced yesterday that its wholly owned FCA regulated affiliate, has obtained the scheme licenses to continue acquiring and processing Mastercard and Visa payments for merchants in the UK beyond the expiry of the FCA Temporary Permissions Regime.

With the approved licenses coming at a time when the e-Commerce is booming and the expiration of the FCA Temporary Permissions Regime is impending, merchants in the UK can keep on leveraging Nuvei’s full suite of products and solutions to process payments, according to the company’s press release.

“For UK merchants seeking a locally regulated payments partner, approved licenses will be critical,” said Philip Fayer, Nuvei’s Chair and CEO. “As a truly global fintech provider, we continue to support local businesses as they navigate and grow in this surging e-Commerce market. Looking ahead to a post-Brexit economy, we remain committed as ever to providing the most innovative payment solutions and best service available to merchants in the UK and around the world.”