888 partners with Nuvei to enhance its payment experience in the U.S.
Leading iGaming operator is leveraging Nuvei technology and expertise to increase acceptance rates
August 3, 2023
Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has been selected by 888, a leading global iGaming operator, to boost its card acquiring and local payment method capabilities to accelerate its growth in the large and expanding U.S. iGaming landscape.
888 is leveraging Nuvei’s superior technology platform, extensive acquiring reach, instant bank-tobank payments, and deep knowledge of regulated iGaming markets to maximize payments acceptance and optimize its risk management.
Supporting its growth in the U.S. is the latest expansion of Nuvei’s longstanding global partnership with 888, including an existing relationship driving enhanced player experience at the cashier. In addition to enabling 888 to accept deposits, players can instantly withdraw funds from their 888 account directly to their bank card or via Nuvei Instant Bank Transfer, the U.S. iGaming industry’s first payment method for instant account-to-account deposits and payouts.
Nuvei has provided payments services to 888 in Europe since 2017 and enabled 888 to launch in Ontario, Canada, once the province launched its newly regulated iGaming market in April 2022.
888 VP of U.S. Marketing, Noam Klivitzky, commented on the announcement: “Enabling players to deposit and withdraw funds from their iGaming accounts seamlessly and securely is critical to the overall platform experience. At 888 we’re committed to offering the most comprehensive iGaming experience in the market, so we’re excited to add Nuvei’s card-acquiring capabilities alongside its Instant Bank Transfer solution. Nuvei has a rich heritage of enabling iGaming operators to maximize their payments’ performance in regulated markets across the globe.”
Nuvei Chair and CEO Philip Fayer added: “We’re thrilled to continue to grow our relationship with 888 and support its global expansion in the U.S. and beyond. Instant, convenient, and secure deposits and payouts are critical to winning players in the rapidly expanding U.S. iGaming landscape. Optimizing card payment acceptance is a key component of the cashier experience, and Nuvei has decades of experience supporting operators maximize their revenue growth.”
The announcement is the latest from Nuvei as it continues to demonstrate why it is the global leader for payments in the iGaming industry. Offering iGaming operators optimized conversion rates to accelerate growth and maximize revenues, as well as unparalleled experiences for players, is why so many operators rely on Nuvei technology in their cashier.
