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MONTREAL - Nuvei Corporation announced Tuesday a strategic integration with Zuora, a monetization platform provider, to enhance support for enterprise recurring revenue globally.
The partnership combines Zuora’s monetization platform with Nuvei’s global acquiring capabilities, local payment method support, and transaction optimization tools. The integration aims to streamline recurring payments for international enterprises by potentially increasing authorization rates and simplifying market expansion.
According to industry projections cited in the announcement, the Subscription Economy is expected to grow to $996 billion by 2028, representing a 68% increase from $593 billion in 2024. Zuora has reported that companies in its Subscription Economy Index experienced 11% faster revenue growth compared to S&P 500 companies over the past two years.
"Enterprise merchants are doubling down on recurring revenue models, and payments are a critical part of delivering seamless, localized experiences at scale," said Phil Fayer, Chair and CEO of Nuvei.
Daniel Enekes, VP of Strategic Partnerships and M&A at Zuora, added that the integration would help enterprises adopt recurring revenue models, "especially in high-growth markets."
The announcement highlights Nuvei’s focus on serving enterprise clients through platform integrations and direct local acquiring in over 50 markets worldwide.
Nuvei provides payment technology services in more than 200 markets globally, supporting 150 currencies and 720+ alternative payment methods, according to the company’s press release statement.
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