Curve, a fast-growing financial app, has selected Nuvei, a Canadian FinTech company, to provide card acquiring and alternative payment methods (APMs) for consumer fund transfers to and from their Curve digital wallet.
Nuvei’s payments technology allows Curve to accept Visa and Mastercard transactions, according to a Nuvei press release issued Thursday (Oct. 19). Nuvei’s routing engine optimizes card payments, maximizing acceptance rates while reducing operating costs. According to the release, Curve customers will also soon have access to all relevant APMs in each market the app operates.
Nuvei said its customizable real-time reporting tools provide analytics and enable effective payment traffic routing and optimization.
Curve Founder and CEO Shachar Bialick said, “Consumers simply will not tolerate delays or the inability to transfer funds, so we are proud to partner with Nuvei.”
In addition to providing payment services in Curve’s established European markets, the collaboration allows Curve to leverage Nuvei global acquiring reach, accelerating its international growth plans, Bialick said.
Philip Fayer, Nuvei chair and CEO, highlighted the importance of payments in the user experience for financial services providers and the increasing competitiveness of the market.
Curve aims to be a one-stop-shop for all consumer financial needs. It offers a single point of access to a range of financial products and services, consolidating all money into one smart card and an app. Curve operates in 31 markets across the U.K. and European Economic Area, supporting Mastercard, Visa, and Diners Club networks.
“Payments are changing at an incredibly fast pace, and the experience for the end customer has become paramount,” Miller said in an interview with PYMNTS in August.
“For the merchants that are lagging, they’re leaving an incredible asset on the table that is right at their feet every day,” she said.