High-end jewelry retailer, Chow Sang Sang, chooses Nuvei for online payment solutions to boost worldwide growth and expansion.
Nuvei and Chow Sang Sang Partner for International Growth
Nuvei, a global payment solutions provider, has teamed up with Chow Sang Sang, a leading jewellery retailer, to support its expansion into North America and other international markets. This partnership will provide Chow Sang Sang with a localized, secure, and seamless global payments platform.
The platform offers several advantages to the jeweller. It grants access to local acquiring services in 50 markets, supports over 150 currencies and 720 alternative payment methods, and includes direct connections to global card networks. These features aim to increase approval rates and reduce payment friction, allowing Chow Sang Sang to deliver a premium customer experience both online and in-store.
One of the key benefits of this partnership is efficient international payment processing. By integrating with Nuvei's platform, Chow Sang Sang can simplify its operations as it scales globally, starting with North America. The partnership also enhances the customer experience through smoother, localized payment options that meet expectations for security and convenience in different markets.
Moreover, Nuvei's support will aid Chow Sang Sang's digital payments transformation as it broadens its physical and online presence internationally. This is particularly significant given the projected growth in ecommerce sales of jewelry, with the U.S. alone expected to rise from $22.5 billion to $37.9 billion over the same period.
Nuvei's recently acquired Money Services Operator (MSO) license in Hong Kong empowers them to provide local acquiring and settlement services in Asia, complementing their support for Chow Sang Sang’s wider Asia-Pacific and global expansion. This move further underscores Nuvei's long-term commitment to the APAC region, evident through its expanding on-the-ground presence across Greater China, Japan, Singapore, and Australia.
Chow Sang Sang, which operates over 900 self-run stores across Mainland China, the Hong Kong Region, the Macau Region, and the Taiwan Region, has chosen Nuvei to support its international growth. In a statement, Ms. Genevieve Chow, Chief Brands Officer at Chow Sang Sang, stated that Nuvei's platform, local knowledge, and global reach enable them to deliver a premium experience to customers, online and in-store.
This partnership is a significant part of Chow Sang Sang's omnichannel strategy. Nuvei already supports APAC expansion for category leaders such as Shein, Temu, and Charles & Keith. The platform supports a variety of verticals, including airlines, hospitality, gaming, online travel, car parking, and EV charging.
Phil Fayer, Chair and CEO of Nuvei, stated that Nuvei's MSO license and expanding APAC footprint enable it to support the region's most ambitious companies with payments technology built for scale. With this partnership, both Nuvei and Chow Sang Sang are poised to capitalize on the growing market for jewelry sales, both online and in-store.
The partnership between Nuvei and Chow Sang Sang utilizes technology to offer a secure and seamless global payments platform, aiding Chow Sang Sang's international expansion, particularly in North America. This technology integration aims to deliver a premium customer experience, both online and in-store, and simplify operations for Chow Sang Sang as it scales globally.
