Stockholm, January 20, 2024 – Zimpler, a leading provider of instant bank payment solutions, today announced a strategic partnership with Nuvei, a Canadian fintech company. This collaboration will enhance the payment experience for businesses, by offering seamless access to localized payment methods in the Nordic market, and maximizing conversion rates and customer value in the region.

Unlocking the Nordics with Zimpler’s local expertise

As part of this partnership, Zimpler will bring its unparalleled expertise in the Nordic markets, allowing businesses to tap into real-time account-to-account (A2A) payment rails, supporting local currencies and bank payment methods. This is crucial for businesses seeking to expand in the region, as it simplifies cross-border transactions while offering fast, secure, and reliable payments through locally trusted systems.

Daniel Strömberg, COO of Zimpler, emphasizes:
“The Nordic region is one of the most digitally advanced and high-growth markets, and through our partnership with Nuvei, businesses around the globe can now access real-time bank payments and local A2A methods seamlessly. We’ve been following Nuvei’s impressive journey and are excited to work with a partner whose innovative, scalable technology aligns with our vision. This partnership will help companies increase conversion rates, reduce friction in the customer journey, and maximize customer value in the region.”

Strengthened reach for Zimpler

Zimpler’s localized expertise combined with Nuvei’s global client base allows the companies to deliver streamlined, localized payment services to businesses looking to grow in the Nordics. This partnership will bolster Zimpler’s credibility, reinforcing its position as the go-to solution for instant bank payments in this high-potential market.

By offering immediate access to A2A payment methods in a region where bank payments are already favored, businesses can enhance conversion rates while reducing payment friction for end-users. This provides a competitive edge, particularly in dynamic and fast-moving segments.

What Nuvei gains from the partnership

Nuvei, on the other hand, will benefit from Zimpler’s deep local market knowledge, strengthening its offering with a full suite of Nordic-specific payment solutions. The integration of Zimpler’s real-time A2A payment capabilities will enable Nuvei to offer businesses greater flexibility and efficiency, especially in industries that demand seamless, high-speed transactions.

Business benefits: seamless integration and improved conversion

The combined power of Zimpler’s instant bank payment solutions and Nuvei’s global infrastructure will bring businesses numerous advantages:

• Access to real-time A2A payments: companies can tap into the Nordic region’s fast-growing market by utilizing Zimpler’s secure and instantaneous A2A payment rails, enabling smoother cross-border transactions in local currencies.
• Maximized customer value: with quicker, easier payments and fewer friction points, businesses will enjoy higher conversion rates and improved customer retention.
• Streamlined compliance and integration: the unified payment solution simplifies compliance and administrative processes, allowing businesses to focus on growth.
• Enhanced security: the partnership combines both companies’ fraud prevention systems, ensuring top-tier security and trust throughout the payment process.

Mutual growth and a broader payment offering

Zimpler’s expansion into global markets, coupled with Nuvei’s entry into the Nordic region, creates a winning combination that enhances customer value while delivering fast, secure, and reliable payments. Together, the companies are poised to offer a more efficient and seamless payment experience that benefits both businesses and consumers.

About Zimpler:
Zimpler is a leading company in instant bank payment solutions, connecting businesses with over 350 million customer bank accounts in 25 markets. Founded in Sweden in 2012, Zimpler aims to globally democratize payments and enable growth opportunities for businesses everywhere. Read more on zimpler.com and follow the journey on LinkedIn.

About Nuvei:
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 700 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration. For more information, visit nuvei.com.