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Nuvei acquired Paya for $1.3 billion

According to CEO Philip Fayer, Nuvei's acquisition of the Atlanta business will improve its standing in integrated payments, B2B, and international e-commerce. According to a news release released on Monday, Nuvei, a company that facilitates payment acceptance and provides payout choices, intends to integrate Paya's integrated payment capabilities into its global platform. Paya provides integrated payments across a range of verticals, including business-to-business, healthcare, nonprofit, and education. According to Nuvei CEO Philip Fayer, the acquisition will improve the company's standing in the international e-commerce, integrated payments, and business-to-business sectors. Based on information from the company's LinkedIn profile, Nuvei was established in 2003. According to the press announcement, Fayer stated that the inclusion of Paya "will accelerate our integrated payment strategy, diversify our business into key high-growth non-cyclical verticals with large addressable end markets and enhance the execution of our growth plan." According to the announcement, the deal is anticipated to be finished by the end of the first quarter. According to Nuvei, it intends to use a combination of cash, an already-existing credit facility, and a brand-new secured credit facility worth $600 million to finance the acquisition.

Published 18 Jan 2024 03:48 PM

Regardless of the president, Canada must deal with a more protectionist United States: former envoy

"No matter who wins the election in November, Canada needs to get ready for a more isolationist and protectionist U.S., according to the country's ambassador to the United States for the majority of Donald Trump's administration. David MacNaughton stated in an interview with Global News, ""What you've got down there is a challenging situation where we need to be able to demonstrate to them that we are a reliable, good friend and good partner."" ""The last time, we spent a lot of time demonstrating to them our importance from an economic standpoint.""Trump defeated Nikki Haley in the Republican New Hampshire primary Tuesday night with 54 per cent of the vote, putting him one step closer to securing the GOP nomination. Trump, according to Prime Minister Justin Trudeau, adds a level of ""unpredictability"" to ties with the United States." No matter who wins in November, MacNaughton emphasized how crucial it is for Canada to sell its economic friendship by offering to supply vital minerals and hydroelectricity, but more importantly, by sharing how it can work with the United States on priorities. "I believe that this time, even more importantly, is going to be to assist them with some of the things that they're most concerned about, which include drugs entering the country, illegal immigration, and possible terrorism," MacNaughton remarked.A Jan. 15 Angus Reid poll indicates that 53% of Canadians believe a Biden win would be better for the country's economy, while only 18% believe a Trump win would be advantageous. In anticipation of the upcoming American administration, Trudeau declared that he had assigned current Ambassador Kirsten Hillman, Industry Minister Francois-Philippe Champagne, and Trade Minister Mary Ng to spearhead a "Team Canada" strategy in their dealings with the United States. According to MacNaughton, Canada frequently brings up a list of demands during these talks, but it frequently pays little attention to our largest trading partner. It resembles spending all of your time talking about yourself while out on a date. Most likely, it will be your one and only."Although you can't always meet everyone's needs, you should consider what they need and see what we can do to meet it."

Published 25 Jan 2024 06:19 PM

In the midst of a political dispute, minister says 86% of Indian students avoid Canada.

Ottawa: A senior Canadian official told Reuters that fewer Indian students applied as a result of a diplomatic dispute over the death of a Khalistani terrorist in Canada, and that the number of study permits Canada granted to Indian students fell precipitously late last year after India expelled Canadian diplomats who would process the permits. In an interview, Immigration Minister Marc Miller stated that he thinks it is unlikely that the number of study permits issued to Indians will increase anytime soon. After Canadian Prime Minister Justin Trudeau claimed in June that there was evidence linking Indian agents to the murder of Khalistani terrorist Hardeep Singh Nijjar in British Columbia, diplomatic tensions broke out. According to Miller, the tensions will probably continue to affect the numbers in the future.We can no longer process as many applications from India because of our relationship with that country," Miller said. On directives from New Delhi, Canada was compelled to remove 41 diplomats, or two-thirds of its workforce, from India in October. Furthermore, a minister's spokeswoman stated that the disagreement has led Indian students to look into studying abroad. According to official data that have not been previously released, these factors caused an 86% decrease in the number of study permits granted to Indians in the fourth quarter of last year compared to the previous quarter, from 108,940 to 14,910.

Published 17 Jan 2024 10:38 AM

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