Payment technology company Nuvei has signed an agreement to sell CreditGuard to Israeli financial institution Max Group.
CreditGuard offers payment gateway services to Israeli businesses.
In 2019, Nuvei took over CreditGuard as part of its USD 889 million acquisition of SafeCharge International Group.
The agreement will also provide Max’s local commercial customers with access to Nuvei’s payment acquiring network in North America, Europe, Latin America, and Asia Pacific regions.
The move will help them to transact in 150 currencies and around 250 alternative payment methods. In turn, Nuvei’s merchants can connect to Max’s acquiring services in Israel.
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