VakaTrip , a China-based travel platform, has teamed up with Nuvei , a global payment services provider, to enhance card payment acceptance from its international customer base. Leveraging Nuvei’s local acquiring capabilities in 47 countries, VakaTrip optimises the settlement process for smooth and efficient fund transfers.

Additionally, Nuvei’s risk management solutions help secure transactions and minimise fraud. Nuvei’s access to over 600 alternative payment methods, available through a single integration, enables VakaTrip to offer all relevant payment options to its customers in every market where it operates. Since joining forces with Nuvei, VakaTrip has seen improvements in its business performance.

Successful payment conversion rates have increased by 20%, and the company has also achieved a 15% reduction in total payment costs, further enhancing its payment performance. Recent developments from Nuvei In July 2023, Nuvei partnered with employee pay provider CloudPay to enable the latter’s customers to access faster and more flexible payroll solutions. Nuvei's technology and worldwide coverage offered important benefits for CloudPay customers who need to process payroll quickly, with flexibility and certainty.

This partnership also enables various global salary payment options, like using Visa Direct to send income payments to cards, reducing payment time from several days to just 30 minutes or less. Also in July 2023, Nuvei had announced an extension of their existing global partnership with Plaid to support a wider range of businesses accepting bank-based payments for multiple use cases. With Nuvei's presence in 47 markets for local acquiring and Plaid's network covering 12,000 financial institutions across the US, Canada, the UK, and Europe, businesses in various regions worldwide would have the opportunity to enhance their online checkout options with pay-by-bank experiences.

By their collaboration, Nuvei and Plaid aim to simplify online bank transfer payments, making it more accessible for consumers and offering merchants a viable alternative to conventional card payments. More about Nuvei and VakaTrip Founded in 2003, Nuvei is a Canadian fintech company that specialises in the acceleration of business for its clients. Their flexible and scalable technology enables companies to accept modern payments, provide various payout options, and benefit from services like card issuing, banking, and risk management.

They operate in over 200 markets, supporting 150 currencies, and offering more than 600 alternative payment methods. Nuvei equips customers and partners with the tools and insights to succeed both locally and globally with a single integration. Since 2018, VakaTrip has been focusing on aggregating and delivering quality and competitive airline content to its B2B and B2C partners.

They are known for gathering direct airline connections, offering easy access, stable connections, and extensive air content, especially from Low-Cost Carriers worldwide. They have developed a multi-supply system that allows them to offer the best fare and route solutions to their customers. For more information about Nuvei, please check out the company profile in The Paypers Company Database.

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