The Montreal-based fintech has secured regulatory and scheme licenses that will enable it to process payments accepted locally. The company already had customers in Australia, but was processing payments for them internationally. (The Logic)

Talking point: Nuvei’s expansion into Australia is part of its latest effort to grow its presence in the Asia-Pacific region. In 2022, the company brought local payment processing services to Hong Kong and Singapore and has offices in both locations. Alex Hammond, head of communications for Nuvei, told The Logic that Nuvei’s headcount is “rapidly growing” in the Asia-Pacific region and “the biggest markets in the region are on our radar.” He declined to provide further specifics. Nuvei noted in its release that Australia had an e-commerce market value of A$47 billion in 2022 with 8.9 per cent growth.