In an exclusive interview with Focus Gaming News, Motie Bring, the Chief Commercial Officer at Nuvei, shares insights into the company’s offerings for the gaming industry. With the growth of regulated gaming in the US, Nuvei emphasizes the importance of customizable payment solutions to maximize the impact on digital businesses. The interview highlights the changes in payment trends influenced by the pandemic and the significance of localization in the payment space. Nuvei’s commitment to providing tailored payment platforms for different markets and its focus on real-time payments positions it as a leading payments technology provider.
The Need for Customizable Payment Solutions in Regulated iGaming:
As the US gaming market continues to expand and become regulated in various states, operators face the challenge of finding payment solutions tailored to their specific needs. Nuvei’s Motie Bring emphasizes that one-size-fits-all payment technology is not suitable for the diverse requirements of the iGaming industry. Operators must seek the most customizable technology available in the market, reinforced by industry expertise, to create a bespoke payment platform for each iGaming brand, addressing the unique demands of different markets.
Impact of the Pandemic on Payment Solutions:
The pandemic significantly influenced payment trends, with a notable shift from cash-based payments to digital methods like e-wallets, such as ApplyPay and GooglePay. Additionally, the iGaming industry experienced growth in online sports betting markets in several US states, leading to changes in customer expectations and preferences. Nuvei highlights the importance of recognizing these trends and adapting payment methods to cater to consumers’ evolving needs.
Localization: A Key Factor in Payment Space:
Localization plays a crucial role in the payment space, particularly in markets where consumers have limited access to traditional banking or where card acceptance rates are low. Nuvei acknowledges the significance of offering local payment methods tailored to specific regions to ensure a seamless and accessible payment experience for customers. The company provides over 570 local and alternative payment methods, all integrated through a single platform, and offers localized acquiring solutions to optimize payment acceptance and reduce costs.
Highlighting Nuvei Technologies’ Products at G2E:
At G2E, Nuvei Technologies showcases its position as a leading payments technology provider, offering the most customizable solutions in the market. The company’s focus on real-time payments sets it apart from competitors, and it was the first to introduce real-time payouts in the North American iGaming industry in 2021. Nuvei’s new product, the real-time deposit function for Nuvei Instant Bank Transfer, further emphasizes its commitment to fast and customer-centric payment solutions.
Nuvei Technologies stands at the forefront of providing customizable payment solutions for the expanding iGaming market in the US. The company’s commitment to offering tailored payment platforms, localized payment methods, and real-time payments positions it as a leader in the industry. As the gaming landscape continues to evolve, Nuvei remains dedicated to delivering unmatched payment expertise and service to iGaming operators in regulated markets. With its innovative solutions and customer-centric approach, Nuvei is poised to shape the future of payment solutions in the gaming industry.