inDrive selects Nuvei to be its payments partner in Latin America – Nuvei (NASDA… – Press Release


MONTREAL, July 10, 2023 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) NVEI NVEI, the Canadian fintech company, announces today that it has been selected by inDrive, a mobility solutions provider available across 47 countries, as its payments provider for payouts to its drivers in Latin America.
Nuvei is enabling inDrive to offer a comprehensive range of payout options, including payments to cards and all relevant alternative payment methods (APMs) in the Latin America region through a single integration. With Nuvei’s cutting-edge payment technology and extensive acquiring reach, inDrive is integrated to a robust payment infrastructure for seamlessly processing transactions that will accelerate its growth.

In 2022, inDrive was the second most downloaded ride-hailing app worldwide based on Google Play and App Store data.

Nuvei’s collaboration with inDrive is particularly significant for the Latin American market, where businesses face unique payment challenges including lower card acceptance rates and a significant unbanked population that relies on alternative payment methods for financial inclusion. With its deep understanding of the region’s payment landscape, Nuvei has established itself as a market-leading payments provider in countries across Latin America.

“We are thrilled to partner with inDrive to elevate the payment experience for rideshare drivers in Latin America,” said Phil Fayer, CEO at Nuvei. “By combining inDrive’s local expertise with Nuvei’s payments technology, we’re bringing inDrive closer to its drivers through payments.”

Alexander Akhmataev, Director of Latin America Countries, inDrive: “Our partnership with Nuvei represents another step forward in advancing the payment landscape in Latin America. By seamlessly and securely enabling our drivers to receive payments through their preferred methods, InDrive remains steadfast in its commitment to consistently enhance the ridesharing experience, empowering its users with…