#Israel #Tel Aviv #Nuvei #Direct Acquiring

Nuvei Expands Its Global Footprint in Israel

In a significant development for its international operations, Nuvei, a leading player in the fintech sector, has secured a direct acquiring license in Israel. This move not only broadens the company’s global acquiring network, now totaling 53 markets, but also underscores its commitment to enhancing payment solutions for businesses operating locally and beyond.

Phil Fayer, Nuvei's Chair and CEO, emphasized the importance of this license by stating, "Commerce is global, but payment performance is local." He noted that securing this license allows Nuvei to enhance the payment capabilities available within Israel, thereby facilitating easier access for global companies in the region and providing richer services for local enterprises planning to expand internationally.

Enhancing Payment Performance

The direct acquiring license positions Nuvei to connect more efficiently with Israel’s domestic card payment ecosystem, eliminating the need for intermediary partners. This direct link will yield several advantages:

• - Improved Authorization Rates: Facilitating local transaction processing increases trust among issuers, resulting in higher approval rates for payments and reducing unnecessary declines.
• - Cost Reductions: The removal of intermediaries in the acquiring chain can lead to decreased payment processing costs for businesses.
• - Streamlined Checkout Experience: A closer integration of checkout, authorization, and fraud management processes can enhance the user experience, ultimately leading to better conversion rates.
• - Simplified Market Expansion: Global brands can utilize the same integration used in other markets, minimizing the complexity involved in managing multiple providers.
• - Enhanced Control and Insights: Businesses gain a comprehensive view of their transactions, improving operational capabilities through better reconciliation and reporting.

This important regulatory approval was granted by the Israel Securities Authority under the newly instituted Regulation of Payment Services and Payment Initiation Law.

A Commitment to Growth in the Tech Sector

Israel's tech scene, known for its vibrant ecosystem, boasts remarkable statistics—775 new high-tech firms were established in 2025 alone, with the sector accounting for $85 billion in exports representing 58% of all Israeli exports. For tech companies in Israel, the ability to scale internationally is not just beneficial; it’s essential.

Nuvei’s new direct acquire capabilities provide a seamless experience for businesses looking to grow. With previous expansions into markets like Mexico and South Africa earlier this year, Nuvei is rapidly extending its global reach and local adaptability, having already established a strong presence in Israel, employing over 300 individuals.

In light of these advancements, Nuvei's recent announcement regarding a $2.75 billion agreement to acquire Payoneer further exemplifies the company’s commitment to enhancing its infrastructure and capabilities in handling both local and cross-border transactions.

Conclusion

Nuvei’s securing of a direct acquiring license in Israel marks a pivotal moment in its ongoing growth strategy. As commerce becomes increasingly globalized, the need for robust and responsive payment solutions that cater to local nuances has never been more critical. With its extensive platform that combines local expertise with a global outlook, Nuvei is poised to help businesses navigate the complexities of the evolving payments landscape, thus reinforcing the importance of local performance in a global commerce framework.

To learn more about Nuvei's innovative payment solutions, visit their official website at Nuvei.com.