Nuvei to acquire Paya in cash deal

Nuvei has agreed a $1.3bn fee with Paya Holdings to take over the integrated payments and commerce solutions business in an all-cash deal.

nuvei paya buy agreement
Listen To Article

The deal will see Nuvei acquire Paya’s software and payments systems, and diversifies its core business.

Philip Fayer, Nuvei’s Chair and CEO, said: “The proposed acquisition of Paya is a powerful next step in the evolution of Nuvei, creating a preeminent payment technology provider with strong positions in global eCommerce, Integrated Payments and B2B. 

“The proposed transaction will combine two people-first, technology-led, high-growth payment platforms. It will accelerate our integrated payment strategy, diversify our business into key high-growth non-cyclical verticals with large addressable end markets and enhance the execution of our growth plan.”

Jeff Hack, Paya CEO, added: "We are pleased to have reached this transaction with Nuvei, which is a testament to the incredible talent at Paya and will deliver immediate and significant cash value to Paya shareholders.

“We continue to see strong momentum in our high-growth and underpenetrated middle market partners in durable end-markets and believe that Nuvei’s resources will enable us to continue our mission of solving complex business problems with easy-to-use payment solutions.”

Recently, Nuvei extended its partnership with Holland Casino Online to provide instant payouts to Holland Casino Online players.

Dutch players will now be able to immediately access funds from their iGaming account when a request for payout is made via an instant bank transfer.

Nuvei partnered with Holland Casino Online earlier this year, as the operator’s principal payments provider and supported the operator as it launched as the first live platform in the newly regulated Dutch iGaming market.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Executive Profiles
Sightline Payments
Sightline Payments
TalkSport Bet
Kindred Group

Global Gaming Awards Asia: What to expect in 2023

Gambling Insider looks ahead to the Global Gaming Awards Asi...

The power of the rebrand

With the help of industry experts, Gambling Insider Editor T...

Evolution Europe CEO Gionata La Torre: The Italian job

Evolution Group’s new CEO Europe, sits down with Gambling...

Big Question: How can slots innovate from here?

Simon Hammon, CEO of Relax Gaming, Erkki Nikunen, Partner &...

Read Magazine

22 March, 2023

Asia bulletin: Bloomberry terminates deal to invest in PH Travel and Leisure

Bloomberry Resorts has terminated a deal sheet between itself and PH Travel and Leisure Corp, for a proposed investment in PH Travel and Leisure subsidiaries Lapulapu Leisure and Clark Grand Leisure Group.