Market Movers On the rise
Shares of Nuvei Corp. jumped with the premarket announcement that Microsoft Corp. (MSFT-Q) will start using its customizable and agile payments technology in the Middle East and the Africa region.
“Other benefits of Nuvei’s global payments capabilities Microsoft is harnessing include optimized authorization rates through local acquisition and superior risk management that minimize false declines, as well as Nuvei’s ability to offer all of the relevant local alternative payment methods (APMs) to each market through a single integration,” the Montreal-based company said.