Nuvei Partners with European Payments Initiative and Integrates Wero Digital Wallet for Enhanced E-Commerce Solutions

Nuvei, a leading Canadian FinTech company, has made a significant move by joining the European Payments Initiative (EPI). This collaboration will enable Nuvei to support Wero, EPI’s innovative digital wallet, allowing eCommerce merchants to process instant account-to-account payments seamlessly. This strategic initiative aligns perfectly with Nuvei’s goal of providing its merchant partners with early access to cutting-edge payment technologies.

Understanding the Impact of Wero on European Payments

As European markets increasingly prioritize payment sovereignty and cater to local consumer preferences, Wero’s integration offers Nuvei’s clients a competitive advantage. Developed under the EPI initiative, Wero allows users to make instant payments through SEPA Instant Credit Transfer protocols.

Key Features of Wero

• Instant Transactions: Users can send money in less than 10 seconds.
• Multiple Payment Options: Payments can be made using mobile numbers, email addresses, or QR codes.
• Widespread Adoption: Initially launched in Germany, France, and Belgium in late 2024, Wero has quickly amassed over 40 million users.
• Future Expansion: Wero is set to expand into the Netherlands and Luxembourg, introducing Buy Now Pay Later (BNPL) services and loyalty programs.

Nuvei’s Strategic Integration of Wero

With the integration of Wero, eCommerce merchants utilizing Nuvei’s platform will be able to accept Wero payments through a single integration point. Pilot programs for this feature are expected to commence in May 2025, with general availability targeted for September 2025.

Broader Strategy for Alternative Payment Methods

This collaboration is part of Nuvei’s comprehensive strategy to develop one of the most extensive portfolios of alternative payment methods (APMs) available in the market. By offering a flexible, single integration model, Nuvei empowers merchants to customize their payment options according to local preferences and rapidly changing market dynamics.

Statements from Leadership

Philip Fayer, Chair and CEO of Nuvei, emphasized the importance of this development: “Europe is actively seeking greater payment sovereignty and consumer-centric solutions, and Wero directly addresses these strategic imperatives. By integrating Wero into our platform early, we empower our merchant partners to capitalize on emerging payment trends and deliver preferred local payment experiences at scale. This positions Nuvei uniquely as a leader in supporting European merchants with forward-thinking payment innovations.”

Martina Weimert, CEO of EPI, also commented on the partnership: “Our collaboration with Nuvei is a crucial step towards Wero’s expansion into the e-commerce sector. By making Wero available to Nuvei’s extensive merchant network, we’re accelerating the adoption of a truly European payment solution that enhances financial sovereignty while delivering a seamless, easy, and innovative experience for both consumers and businesses.”

For more information on Nuvei and its innovative payment solutions, visit Nuvei’s official website. To learn more about the European Payments Initiative, check out EPI’s official page.