Stablecoin infrastructure utilized by Nuvei for making payouts in developing regions
Nuvei Expands Global Payout Capabilities for Faster, More Cost-Effective Transfers
Nuvei, a leading global payment solutions provider, has announced an expansion of its payout capabilities, enabling faster and more cost-effective payouts to bank accounts worldwide, including in emerging markets.
Phil Fayer, Chair and CEO of Nuvei, stated, "Our expansion provides a modern and efficient alternative to traditional settlement methods, especially valuable in fast-growing economies."
The expansion leverages stablecoin rails for global money movement, improving payouts in emerging markets by enabling faster, more cost-effective, and efficient fiat transfers across borders. This approach reduces reliance on costly intermediaries and outdated settlement methods like SWIFT, allowing same-day or next-day settlement to recipients' bank accounts in local fiat currency.
Key improvements include speed, lower cost, reliability in underserved regions, seamless integration, and enhanced global payout suite. Using blockchain technology and stablecoins, cross-border payments can now be settled near real-time compared to slower traditional correspondent banking routes. The new method also bypasses expensive intermediaries, reducing transfer fees, especially in underserved emerging markets.
Businesses can now fund virtual bank accounts using local rails, bypassing slower and more expensive SWIFT transfers. The new fiat payout option integrates into Nuvei's existing global platform, which supports over 200 markets with local settlement in 150 currencies.
The expansion also supports third-party payouts to multiple parties, essential for use cases like global payroll, marketplace seller disbursements, or remittance programs. The new fiat payout option delivers the flexibility businesses need to reach recipients even in rural, underbanked, or high-cost corridors.
Nuvei's commitment to delivering infrastructure remains focused on delivering faster, lower-cost, and more reliable cross-border payouts, particularly across emerging markets. The new fiat payout option orchestrates multiple FX providers to ensure the most competitive foreign exchange rates for businesses navigating volatile currencies.
The expansion aims to simplify and accelerate money movement globally, allowing businesses to focus on growth. The new fiat payout option is crucial for platform-based businesses and fintechs operating in emerging markets. Nuvei's expanded payout capabilities support intra-company transfers between global subsidiaries.
Overall, Nuvei's stablecoin rails provide a modern, scalable, and compliant solution for improving global payouts that accelerates treasury, payroll, and remittances, especially valuable in fast-growing emerging economies where legacy infrastructure limits business growth.
[1] Nuvei Press Release, "Nuvei Expands Global Payout Capabilities with Stablecoin Rails," link [2] Finextra Research, "Nuvei enhances global payout suite with stablecoin rails," link [4] BusinessWire, "Nuvei Expands Global Payout Capabilities with Stablecoin Rails," link
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