Nuvei Secures License to Offer Local Payment Acceptance in South Africa
The authorization extends Nuvei’s local acquiring network to 52 markets and gives merchants direct access to local transaction data for fraud management.
- On Wednesday, fintech Nuvei announced it secured authorization from the Payments Association of South Africa to offer local merchant payment services in South Africa.
- The move advances Nuvei's Every Payment Everywhere strategy, extending its local acquiring infrastructure to 52 markets. Processing transactions domestically improves authorization rates and reduces costs for regional businesses.
- South Africa's B2C ecommerce market grew by an estimated 9.9% in 2025 to reach $8.48 billion, according to PayNXT360 research. The market is forecast to expand at 8.3% compound annual growth through 2029, reaching approximately $11.66 billion.
- Phil Fayer, Nuvei Chair and CEO, said "Commerce is global, but payment performance is local." The expansion creates opportunities for international businesses and South African companies entering and expanding in the region.
- Nuvei brings global infrastructure to every market it serves, with reach in more than 190 markets, local acquiring in 50 countries, 150 currencies, and over 720 alternative payment methods.
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PR Newswire
Nuvei secures license to offer local payment acceptance in South Africa
/PRNewswire/ -- Nuvei, the global fintech building the infrastructure for every payment, everywhere, today announced that it has secured authorization from the...
Nuvei Obtains License to Offer Local Payment Services in South Africa
Nuvei is expanding its Every Payment Everywhere strategy by entering one of Africa's largest digital commerce markets, extending its local acquiring infrastructure to cover 52 markets. Based in Montreal, the global fintech company Nuvei is dedicated to building the infrastructure that supports payments worldwide. The company announced today that it has been authorized by the Payments Association of South Africa (PASA) to provide local merchant p…
Nuvei South Africa Approval Cites PASA After SARB Handover
Nuvei says it has received “authorization” to offer local merchant payment services in South Africa, expanding its local acquiring reach to 52 markets. Its announcement credits the Payments Association of South Africa, or PASA, while the headline uses the word “license.” The South African Reserve Bank says licensing, authorisation and registration of payment institutions moved to the SARB effective 11 August 2026; other functions assigned to Pay…
Nuvei Obtains PASA Approval for Local Payments in South Africa
Nuvei has received authorisation from the Payments Association of South Africa (PASA) to offer local merchant payment services in South Africa. The approval brings its local acquiring network to 52 markets. Under the authorisation, Nuvei is extending its local acquiring and payment acceptance infrastructure to South Africa. Merchants can access these capabilities, along with transaction [...]
Nuvei Gets South Africa OK and other Digital Transactions News briefs from 10/14/26
Nuvei Corp. said it secured approval from the Payments Association of South Africa to offer local merchant payment services in South Africa. Wyoming-based Payward Inc. said it has agreed to acquire Finland-based Saldo Finance Oy and its digital-banking subsidiary Saldo Bank UAB, which operates in five European countries, with a credit card program in Finland and a card launch expected in Sweden next year. A broader card issuance service is expec…
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