Nuvei Completes Acquisition of Online Payments Professional Smart2Pay

Canada's largest private and non-bank payment processor Nuvei Corporation (formerly known as Pivotal Payments), announced on Monday that it has completed the previously announced acquisition of Smart2Pay Global Services B.V. ("Smart2Pay"), an online payments professional.

The acquisition strengthens Nuvei's presence in high-growth digital commerce verticals and further expands the Company's geographic footprint in additional regions. Furthermore, the transaction creates one of the largest and most complete alternative payment method (APM) solution providers in the world, with 450 APMs supporting online merchants in more than 200 global markets.

RBC Capital Markets advised Nuvei on the transaction, while FT Partners advised Smart2Pay.

Uniting payment technology and consulting, Nuvei helps businesses remove payment barriers, optimize operating costs and increase acceptance rates. Its proprietary platform offers direct connections to all major payment card schemes worldwide, supports 450 local and alternative payment methods and nearly 150 currencies.