AI Agents Slash Nuvei Payment Onboarding Time to Hours

With the launch of an Integration Agent, payments company Nuvei is using AI to expedite client onboarding by cutting connection times to its international payment systems from weeks to a matter of hours. Also with more AI-powered tools and improvements to its operations and technology stack, the business intends to follow the Integration Agent in 2026.

The technology, which is based on the Model Context Protocol, is intended to make technical integration easier, cut down on expensive mistakes, and provide companies with quicker access to optimisation tools that can boost sales.

The business refers to the launch as the start of its “agentic commerce” plan, which aims to improve and streamline intricate payment processes using AI agents.

Together with more AI-driven improvements throughout its operations and technology stack, Nuvei intends to broaden the approach by adding more agents specialising in fraud detection, revenue intelligence, and transaction performance.

A wider release of the Integration Agent is anticipated later this year, but it is now available in early access to a limited number of merchant partners.

In 2026, more agents are anticipated to be launched.

Phil Fayer, Nuvei’s CEO and chair, stated that, AI is revolutionising payments by simplifying processes and spurring company expansion. With this launch, Nuvei’s AI strategy is expanded to incorporate intelligence into all platform layers, increasing speed, accuracy, and scale.

As we transition to fully agentic commerce, Nuvei is implementing a number of initiatives, like the Integration Agent, that are empowering businesses to interact, optimise, and innovate in novel ways throughout the payments lifecycle.

The Canadian payment processor Nuvei Corporation has its main office based in Montreal, Canada. Businesses can choose from pay-in and payment alternatives offered by Nuvei. With a $700 million IPO on the Toronto Stock Exchange, the business became public in September 2020. The Canadian initial public offering (IPO) was the biggest technology business offering on the Toronto Stock Exchange at the time. Nuvei closed a $424.8 million American initial public offering (IPO) on the Nasdaq in October 2021, one year later.

Nuvei, founded in 2003 by Philip Fayer, started as a payment processing company and expanded rapidly through acquisitions. Key milestones include:

– 2006: It received CA60M from Goldman Sachs to fund acquisitions.  

– 2017: Was valued at CA525M after investments from Novacap and Caisse de dépôt.  

– 2019: It acquired SafeCharge for CA1.1B.  

– 2020: It had raised US700M in a record TSX IPO; acquired Smart2Pay and Base Commerce.  

– 2021: It acquired Mazooma and Paymentez to expand in North America and Latin America.  

– 2022: It had reported 95B in annual transactions.  

– 2023: It announced1.3B acquisition of Paya and investment from Ryan Reynolds.  

– 2024: It acquired by Advent International for $6.3B and taken private.

Nuvei evolved into a global payment powerhouse through strategic investments and acquisitions.