Nuvei’s global processing capabilities can now support 10,000 transactions per second and more than $1 trillion in annual payment volume.
These capabilities were expanded by the company’s expanded strategic partnership with Microsoft, which enables Nuvei’s core payment processing application programming interfaces (APIs) to run on Microsoft Azure and use Azure AI to optimize transactions in real time, the companies said in a Tuesday (Dec. 2) press release.
Migrating its core services to Azure will also provide Nuvei with greater elasticity, faster performance, more consistent global reliability and reduced reliance on third-party technologies, according to the release.
The new architecture also enables future enhancements and ongoing improvements to resilience and optimization, per the release.
“Running our core processing on Microsoft Azure gives us an AI-native foundation that adapts in real time, optimizes transactions globally and meets regional data-residency requirements,” Nuvei Chair and CEO Phil Fayer said in the release. “It strengthens our performance today and enables us to deliver new AI-driven capabilities as our clients scale.”
Azure’s distributed architecture supports payments processing by absorbing peak transaction volume, maintaining continuous uptime, and optimizing latency and authorization outcomes worldwide, according to the release.
Nuvei is leveraging Azure for private connectivity via Azure ExpressRoute, network protection via Azure Firewall, containerized workloads via Azure Kubernetes Service, and security via Azure Defender for Cloud and Azure Application Gateway with Web Application Firewall, the release said.
“Microsoft Azure’s AI-ready infrastructure complements Nuvei’s enterprise payments expertise,” Tyler Pichach, global head of payments strategy at Microsoft, said in the release. “This step positions Nuvei to deliver the resilient, responsive and optimized payment experiences required for the future of global commerce.”
PYMNTS reported in October that Microsoft’s 40% cloud growth and expanding AI infrastructure offerings helped drive the company’s latest quarterly revenue to nearly $78 billion.
Meanwhile, Nuvei announced two new developments in November: the company’s ability to process merchant transactions via Wero, the European Payment Initiative’s digital wallet that delivers instant account-to-account payments across Europe, and its integration of Visa Direct for Account into its global payments platform to let merchants send funds directly to the bank accounts of consumers and workers in eligible countries.
Source: https://www.pymnts.com/