Nuvei has expanded its global money movement capabilities by using stablecoin rails to enable faster, lower-cost payouts to bank accounts worldwide, focusing on emerging markets where traditional infrastructure often causes delays and inefficiencies.
The company said the stablecoin-backed backend transfer of fiat funds allows same-day or next-day settlement and reduces reliance on costly intermediaries that can delay payments in underserved regions.
Businesses can fund virtual bank accounts via local payment rails, avoiding slower and more expensive SWIFT transfers.
Once funded, the value is moved via blockchain and, in the beneficiary’s country, local financial institutions connect to domestic networks to pay recipients in fiat currency, even in areas where correspondent banking is inefficient or unavailable.
The service supports intra-company transfers such as moving treasury funds between subsidiaries, and third-party payouts for vendor payments or large cross-border invoices.
It also enables mass disbursements for global payroll, marketplace sellers, or remittance programs, which are essential for platform-based businesses and fintechs in emerging markets.
Multiple foreign exchange providers are used to secure competitive rates, provide transparency, and help businesses navigate volatile currencies.
The new fiat payout option integrates into Nuvei’s platform, which serves over 200 markets with local settlement in 150 currencies.
“Our mission is to simplify and accelerate money movement globally so businesses can focus on growth. With this extension, we’re giving our customers the ability to move fiat account to account, across borders, faster and more cost-effectively than ever before.
By using stablecoin rails behind the scenes, we provide a modern and efficient alternative to traditional settlement methods, especially valuable in fast-growing economies where outdated infrastructure holds businesses back.”
said Phil Fayer, Chair and CEO of Nuvei.
Featured image: Edited by Fintech News Singapore, based on image by Habibur Rahaman via Freepik
