01 August 2025 | Friday | News
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Nuvei announced the expansion of its proprietary global clearing and settlement platform to include the U.S. and Canada, modernizing its North American infrastructure. The upgrade brings the region onto Nuvei's global standard, giving merchants faster reconciliation, greater transparency, and improved cost efficiency.
With this extension, merchants gain access to the same real-time intelligence and detailed reporting available across Nuvei's global network—all through a single, unified experience. At the point of authorization, they can now see the true cost of each transaction, powered by per-transaction interchange prediction data. Early adopters report a 60% reduction in manual reconciliation time, fewer fee-related inquiries, and over 8X more data points per transaction than legacy batch systems. This unlocks faster reconciliation, simplifies audit trails and compliance, and allows teams to focus on growth instead of manual investigation.
Merchants in North America also gain access to four advanced financial reports previously available only in other regions, including Balance Reports, Settlement Summary, Chargeback Reports, and Movement Reports, delivering deeper insight and stronger cash flow forecasting.
"Modernizing our North American infrastructure with our proprietary clearing and settlement capabilities is a major milestone for Nuvei," said Phil Fayer, Chair and CEO at Nuvei. "Merchants in the U.S. and Canada now operate on the same platform as our customers in other global markets, gaining the transparency, consistency, and control needed to grow faster and compete globally. This update also benefits international businesses operating in North America by unifying their view across all regions, removing barriers, and supporting efficient global scale."
Fintech Business Asia, a business of FinTech Business Review
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