Nuvei Taps Stablecoin Rails to Power Payouts in Emerging Markets

Nuvei today announced an expansion of its global money  movement capabilities, enabling faster and more cost-effective payouts to bank accounts  worldwide, including in emerging markets where traditional infrastructure often causes delays  and inefficiencies.  

By leveraging stablecoin rails to facilitate the backend movement of value, Nuvei offers  businesses a powerful new way to move fiat funds across borders with greater speed,  efficiency, and cost-effectiveness, helping reduce reliance on costly intermediaries that often  delay payments in underserved regions.  

This capability builds on Nuvei’s comprehensive suite of global payout solutions, which already  includes direct bank transfers, real-time payment networks, eWallets, and card networks.  Businesses can now fund virtual bank accounts using local rails, bypassing slower and more  expensive SWIFT transfers.  

Once funded, value is transferred across borders using blockchain technology, enabling  same-day or next-day settlement. In the beneficiary’s country, local financial institutions  connect to domestic payment networks to complete the payout directly into recipients’ bank  accounts in fiat currency, even in regions where traditional correspondent banking is inefficient  or unavailable.  

“Our mission is to simplify and accelerate money movement globally so businesses can focus  on growth,” said Phil Fayer, Chair and CEO of Nuvei. “With this extension, we’re giving our  customers the ability to move fiat account to account, across borders, faster and more cost effectively than ever before. By using stablecoin rails behind the scenes, we provide a modern  and efficient alternative to traditional settlement methods, especially valuable in fast-growing  economies where outdated infrastructure holds businesses back.”  

Nuvei’s expanded payout capabilities support a wide range of use cases: 

• Intra-company transfers, such as moving treasury funds between global subsidiaries  quickly and efficiently. 
• Third-party payouts to a single party, for scenarios like vendor payments or large  cross-border invoices. 
• Third-party payouts to multiple parties, critical for use cases like global payroll,  marketplace seller disbursements, or remittance programs, which are essential for  platform-based businesses and fintechs in emerging markets.

This approach also orchestrates multiple FX providers to ensure the most competitive foreign  exchange rates, driving further savings and transparency for businesses navigating volatile  currencies – a challenge faced by many companies operating in developing regions.  

The new fiat payout option seamlessly integrates into Nuvei’s existing global platform, which  supports over 200 markets with local settlement in 150 currencies. It complements Nuvei’s  extensive suite of payout solutions, including bank transfers, real-time payment networks,  eWallets, and card networks, delivering the flexibility businesses need to reach recipients even  in rural, underbanked, or high-cost corridors.  

As demand for faster, lower-cost, and more reliable cross-border payouts continues to rise,  Nuvei remains committed to delivering infrastructure that empowers businesses to operate  and scale globally with confidence, particularly across the emerging markets that represent  the next frontier of digital commerce.