Nuvei said the all-cash transaction, worth $9.75 per share, would strengthen its ability to execute on high-growth integrated payment opportunities, with Paya having software integrations in place with more than 300 independent software vendor platforms.
The fintech business also said the proposed acquisition would diversify its operations across high-growth markets, as well as expand its capabilities into both large and growing B2B operations and amplify its existing growth strategy.