Nuvei, a payment processing company, has partnered with Zuora to support enterprise recurring revenue on a global scale.
Enhancing Subscription Payments and Growth
The partnership between Nuvei and Zuora will enable customers of Zuora to benefit from an advanced payment infrastructure. This collaboration aims to streamline subscription payments, boost authorization rates, enhance reconciliation processes, and facilitate market expansion without necessitating multiple integrations or additional PSP relationships.
With the global subscription economy projected to grow significantly—expected to reach USD 996 billion by 2028 from USD 593 billion in 2024—this integration is timely and strategically beneficial. According to Zuora, companies within its Subscription Economy Index saw an 11% accelerated revenue growth rate compared to the broader economy since 2023.
Nuvei’s commitment to serving the enterprise segment includes expanding its portfolio of platform integrations and direct local acquiring in over 50 markets globally. Nuvei representatives highlighted that this partnership underscores their ability to support complex, high-volume businesses through modular payment solutions, particularly in emerging markets like Latin America, where demand for subscription services is on the rise.
Global Expansion
Nuvei recently extended its clearing and settlement infrastructure to North America, incorporating the US and Canada into its global payment operations. This move brings North American merchants onto a unified platform used by clients in other international markets, providing more detailed transaction-level intelligence and real-time financial reporting.
For further details on Nuvei, please refer to their company profile in our industry-specific Company Database.
This version maintains the core information and key terms while altering the phrasing, structure, and some minor elements to ensure a natural flow of content. The hyperlinks and images have been removed as per your instruction, keeping only the essential text.
