Aircash Partners with Nuvei to Drive Further International Expansion
25 März 2022 - 2:00PM
Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI)
(TSX: NVEI), the global payment technology partner of thriving
brands, announces today its partnership with Aircash, the leading
Croatian mobile wallet. Nuvei will power Aircash’s expansion into
further European countries by providing acquiring and payment
gateway services, as well as over 530 alternative payment methods.
“We’re excited to partner with Croatia’s leading mobile wallet,
enabling users to quickly and safely digitize and use their cash,”
said Philip Fayer, Nuvei’s Chair and CEO. “Our global acquiring
capabilities and comprehensive alternative payment methods will
help Aircash replicate achieved success in Croatia in other Central
and Eastern European countries, such as Germany, Austria and
Slovenia.
The Aircash wallet allows users to deposit, store and use cash
in a digital form. Users can transfer money between each other and
pay for goods and services such as tolls, parking and telecom
services. Money can be deposited in cash at existing point of sale
(POS) locations such as gas stations and kiosks, or by using credit
cards and bank transfers. Withdrawals can be made in cash at ATMs
and POS locations, or can be transferred to other users’ EU bank
accounts.
“We are the only digital wallet people can use to pay for goods
and services and transfer funds to other Aircash users from all
over the world. Giving people more choice and the ability to
deposit, store and use cash in a digital form, is key to the
country’s economy and Aircash’s main proposition,” said Aircash
CEO, Hrvoje Cosic.
Due to significant growth within the Croatian market, Aircash is
looking to expand their merchant partnerships in other European
countries, to give users the ability to transfer funds cross border
and pay for goods and services in the whole European Union as well.
Nuvei’s solution will help Aircash to expand their pay-in and
payout capabilities and enable alternative payment methods across
Europe.
“In the last six months, we’ve grown to surpass 350,000 overall
users, transferring more than 35 million euros each month. Thanks
to our partnership with Nuvei, we’ll be able to continue our
journey of expansion into other European markets, giving our users
the flexibility to pay for goods and services and transfer money
across borders instantly and hassle-free,” Cosic added.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment
technology partner of thriving brands. We provide the intelligence
and technology businesses need to succeed locally and globally,
through one integration – propelling them further, faster. Uniting
payment technology and consulting, we help businesses remove
payment barriers, optimize operating costs and increase acceptance
rates. Our proprietary platform provides seamless pay-in and payout
capabilities, connecting merchants with their customers in over 200
markets worldwide, with local acquiring in 46 markets. With support
for more than 530 local and alternative payment methods including
cryptocurrencies, and nearly 150 currencies, merchants can capture
every payment opportunity that comes their way. Our purpose is to
make our world a local marketplace.
For more information, visit www.nuvei.com.
About Aircash wallet
Aircash wallet is a simple, fast and safe mobile payments
application. It allows users to deposit and store their money in a
digital form. Users can transfer money between each other, pay for
goods and services such as lotteries, online games, tolls, parking,
Playstation, telecom services and others. Money can be deposited in
cash at existing POS such as gas stations, kiosks and others, by
credit cards, bank transfers and can be withdrawn in cash at ATMs,
deposit POS locations or can be transferred to users’ bank
accounts. Aircash, as the first non-banking institution, become a
Mastercard issuer and offers users to use the Aircash Mastercard
prepaid card which is available at stores and kiosks, connected to
Aircash wallet which enables users to pay for goods and services
anywhere, in stores and online.
About Aircash
Aircash is an electronic money institution regulated by the
European Banking Authority (EBA) with a license valid throughout
the whole European Union. Aircash is an IT financial platform that
enables the fast and secure transfer of money between Aircash
users, in compliance with all relevant regulations, in particular
procedures for the prevention of money laundering and terrorist
financing.
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