Canadian FinTech firm Nuvei announces e-commerce payments partnership with Galeries Lafayette UAE
Nuvei has inked a deal to provide payments for Galeries Lafayette UAE’s e-commerce platform.
Galeries Lafayette UAE is a subsidiary of French Department Stores, situated in Dubai Mall.
Nuvei says it will be enhancing Galeries Lafayette UAE’s payment capabilities, facilitating its expansion into global markets and driving better authorisation rates.
It is leveraging its smart routing capabilities and 3D Secure (3DS) technology integration to increase transaction success rates while maintaining a strong stance on security.
Though the partnership, Galeries Lafayette UAE’s e-commerce platform is also integrating digital wallets such as Apple Pay and Google Pay into its online checkout.
Nuvei expects the partnership to expand into additional markets with more methods beyond wallets and cards added into the payment flow.
“We chose Nuvei as our payment partner for its in-depth understanding of our needs as well as its proven track record,” says Patrick Abchee, Head of Digital Business at Galeries Lafayette UAE.
“Nuvei’s sophisticated technology and comprehensive analytics will play a crucial role in maximising our transaction authorisation rates, while offering us the ability to easily expand into new markets.”
Philip Fayer, Nuvei Chair and CEO, comments: “Our technology ensures that our customers are able to optimise their payment flow – even in markets such as the UAE, where acceptance rates have characteristically been lower.”
“We are delighted to partner with Galeries Lafayette UAE and look forward to enabling the business to maximise its e-commerce sales and accelerate revenue growth.”
Continue reading…