Nuvei Corporation has announced its capability enhancement which enables international merchants to accept local payment methods in 10 Latin American countries in addition to international card schemes and alternative payment methods (APMs). The Company's newly introduced solution will support local card schemes and alternative payment options, streamlining the setup needed to support local payment methods, while boosting acceptance rates. This includes settlement in local currency, settlement in non-Latin American currencies, regional settlement, or a combination of all three.

As LATAM's payment ecosystem differs from country to country, merchants typically require a local presence to achieve high acceptance rates. Working with Nuvei enables any type of business to operate locally in LATAM, with or without local presence, which is ideal for international merchants with consumers in the region. This includes business verticals such as online retail, marketplaces, social gaming, and NFTs.

Merchants operating in LATAM can also grow their business by leveraging Nuvei's bank transfer and card issuing services, as well as accessing a complete suite of local APMs in the region.