Finance
Nuvei secures license to offer local payment acceptance in South Africa
On Oct.
Key takeaways
- Nuvei received authorization from PASA to provide local payment services in South Africa.
- South Africa's B2C ecommerce market reached $8.48 billion in 2025.
- Processing transactions domestically improves authorization rates and lowers processing costs compared to cross-border acquiring.
On Oct. 14, 2026, Nuvei announced it secured authorization from the Payments Association of South Africa (PASA) to offer local merchant payment services in South Africa. The authorization expands Nuvei's local acquiring infrastructure to 52 markets, allowing global brands and local businesses to process transactions domestically through a single global platform. Phil Fayer, Chair and CEO of Nuvei, noted the expansion gives businesses access to locally optimized payment capabilities in one of Africa's major digital commerce markets.
Extends Nuvei's local payment acquiring infrastructure to 52 markets globally.
In their words
“Commerce is global, but payment performance is local. Our expansion into South Africa is another step towards giving businesses access to locally optimized payment capabilities at global scale.”
By the numbers
- 52
- Markets in Nuvei's local acquiring infrastructure network
- +9.9%
- South Africa B2C e-commerce growth in 2025
- $8.48B
- South Africa B2C e-commerce market size 2025
- 8.3%
- Forecast compound annual growth rate through 2029
- $11.66B
- Forecast South Africa B2C e-commerce size 2029
How it unfolded
- South Africa B2C e-commerce market grew to $8.48 billion
- Nuvei announced local payment authorization in South Africa
- Forecast South Africa B2C e-commerce reaches $11.66 billion
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Common questions
- What happened with Nuvei?
- Nuvei received authorization from PASA to provide local payment services in South Africa.
- Where can I read the original report?
- Read the full report at Prnewswire.
