Aircash Partners with Nuvei to Continue International Expansion


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MONTREAL and ZAGREB, March 25, 2022 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner for successful brands, today announces its partnership with Aircash, the first Croatian mobile wallet. Nuvei will fuel Aircash’s expansion into other European countries by providing acquiring and payment gateway services, as well as over 530 alternative payment methods.

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“We are thrilled to partner with Croatia’s first mobile wallet, enabling users to digitize and use their money quickly and securely,” said Philip Fayer, President and CEO of Nuvei. “Our global acquiring capabilities and comprehensive alternative payment methods will help Aircash replicate the success achieved in Croatia in other Central and Eastern European countries, such as Germany, Austria and Slovenia.

The Aircash wallet allows users to deposit, store and use money in digital form. Users can transfer money between themselves and pay for goods and services such as tolls, parking and telecommunications services. Money can be deposited in cash at existing points of sale (POS) such as gas stations and kiosks, or by using credit cards and bank transfers. Withdrawals can be made in cash at ATMs and POS, or can be transferred to other users’ EU bank accounts.

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“We are the only digital wallet that people can use to pay for goods and services and transfer funds to other Aircash users around the world. Giving people more choice and the ability to deposit, store and use cash digitally is key to the country’s economy and Aircash’s core proposition,” said Aircash CEO Hrvoje Cosic.

Due to the significant growth of the Croatian market, Aircash is looking to expand its merchant partnerships to other European countries, to give users the ability to transfer funds across borders and pay for goods and services across the European Union as well. Nuvei’s solution will help Aircash expand its payment and payment capabilities and offer alternative payment methods across Europe.

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“Over the past six months, we have surpassed 350,000 total users, transferring more than €35 million each month. Through our partnership with Nuvei, we will be able to continue our expansion into other European markets, giving our users the ability to pay for goods and services and transfer money across borders instantly and hassle-free,” Cosic added.

About Nuvei

We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner for successful brands. We provide the intelligence and technology businesses need to succeed locally and globally, through a single integration, driving them further, faster. By uniting payment technology and consulting, we help businesses eliminate payment barriers, optimize operational costs and increase acceptance rates. Our proprietary platform provides seamless checkout and payment capabilities, connecting merchants to their customers in over 200 markets globally, with local acquiring in 46 markets. With support for over 530 local and alternative payment methods, including cryptocurrencies, and nearly 150 currencies, merchants can seize any payment opportunity that comes their way. Our goal is to make our world a local market.

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About the Aircash Wallet

The Aircash wallet is a simple, fast and secure mobile payment application. It allows users to deposit and store their money digitally. Users can transfer money between each other, pay for goods and services such as lotteries, online games, tolls, parking, Playstation, telecommunications services and others. Money can be deposited in cash at existing outlets such as gas stations, kiosks and others, by credit cards, bank transfers and can be withdrawn in cash at ATMs, drop-off points or can be transferred to users’ bank accounts. Aircash, as the first non-banking institution, becomes an issuer of Mastercard and offers users to use the Aircash Mastercard prepaid card which is available in stores and kiosks, connected to the Aircash wallet which allows users to pay for goods and services anywhere, in stores and online.

About Aircash

Aircash is an electronic money institution regulated by the European Banking Authority (EBA) with a license valid throughout the European Union. Aircash is an IT financial platform that allows the fast and secure transfer of money between Aircash users, in compliance with all the regulations in force, in particular the procedures for the prevention of money laundering and the financing of terrorism.




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