CloudPay, Nuvei, Payments, Montreal, Employee payments, Transactions, Partnership, London, UKNuvei Corporation, a Canadian FinTech company, and CloudPay, a global employee pay provider, have announced a strategic partnership that enables CloudPay customers to access faster, more flexible payroll solutions.
Nuvei’s agile technology and global reach through a unified solution benefit CloudPay customers that demand the ability to make payroll fast, flexible, and certain. The partnership also supports a broad range of global salary payment solutions, including the capability to push salary payments to cards through Visa Direct, reducing payment times from days to 30 minutes or less.
The global partnership provides CloudPay customers access to fast, flexible payroll solutions. The capabilities generated through the partnership are currently live in the U.S., and an expansion into new regions, including Europe and APAC, is expected to launch before the end of the year.
“This partnership enables us to meet the growing global demand for innovative payment solutions that are transforming the end-to-end employee pay process and providing new ways of attracting and retaining talent,” said CloudPay Strategic Initiatives Director Nick Newman.
The company is elevating pay from an operational function to a business driver through strategic partnerships that extend capabilities and increase speed. Employers looking for ways to elevate the employee transaction experience can now do so at scale across the globe.
Nuvei Chair and CEO Philip Fayer shared, “We’re excited to be demonstrating yet another fantastic use case for our cutting-edge payments’ technology. Our mission is to enable our partners to offer a market-leading payments experience for pay ins and payouts, bringing businesses closer to their customers, or in this case, employees. Enabling CloudPay to offer a transformative payroll solution is just the latest example of how our agile, customizable platform is revolutionizing online payments globally.”