Nuvei Scales to 10,000 TPS with Microsoft… but What’s Behind This Massive Infra Leap?
Hey FinTech Fanatics!
Nuvei just expanded its partnership with Microsoft, moving core processing to Azure and tapping AI to optimize transactions in real time.
The upgrade pushes capacity beyond 10,000 transactions per second, targeting 99.999% availability for enterprise merchants. A setup built to support over $1T in annual payment volume.
This comes after a multi-year effort to migrate all Nuvei platforms to the cloud. Higher performance. More elasticity. Less reliance on third-party tech.
Running payments on Azure gives Nuvei a globally distributed architecture that absorbs peaks and sharpens authorization outcomes across major regions.
Curious to stay on top of today’s FinTech moves? Scroll down and catch the highlights 👇
I’ll be back in your inbox tomorrow with more FinTech updates.
Cheers,
INSIGHTS
📊 FinTech-oriented Issuer Processors demonstrating strong revenue growth.
Key takeaways from the latest issuer processing benchmarks👇
FINTECH NEWS
🗓️ 2026 Runs Are Loading! New runs for 2026 are being planned, and you won’t want to miss them.🎉👉 Sign up to our Luma calendar to get notified the moment new runs drop!
🇺🇸 Wealthfront announces launch of Initial Public Offering. Wealthfront has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission to offer 34,615,384 shares of its common stock to the public. The initial public offering price is expected to be between $12.00 to $14.00 per share.
🇺🇸 Stablecoin firm First Digital Eyes listing through SPAC merger. The Hong Kong-based firm is set to announce the signing of a non-binding letter of intent outlining a plan to merge with CSLM Digital Asset Acquisition Corp III, a special purpose acquisition company listed in New York.
PAYMENTS NEWS
🇬🇧 Checkout.com announces 62% YoY growth over Black Friday Cyber Monday weekend, processing more than $5.2bn. Checkout processed a record $1.6 billion in payments on Black Friday. Strong spending continued through the weekend and Cyber Monday, when Checkout hit 32,900 transactions per minute at its peak. The company maintained 99.999% uptime and faster processing speeds, handling 98.4 million transactions overall.
🌎 Mastercard launched Mission Control & Operations center in Latin America and the Caribbean to enhance customer service and support in the region. The new MC&O brings advanced payment technology, 24/7 support in local language, and real-time monitoring closer to regional customers. Additionally, Mastercard has unveiled an SME card with built-in cybersecurity solutions to help small and medium businesses thrive in the digital economy. The offering strengthens Mastercard’s commitment to supporting business owners as they build, grow, and protect their companies in an increasingly digital economy.
📊 Adyen 🆚 Stripe - Who's the winner of the BF/CM Weekend?
Here's a comparison of Black Friday – Cyber Monday results👇
🌍 Klarna launches Tap to Pay for in-store purchases across 14 markets, bringing flexible payments into physical retail at scale and transforming the Klarna app into an everyday contactless wallet. Tap to Pay brings consumers the ease of online shopping into brick-and-mortar stores.
🇸🇬 Thunes Asia receives in-principle approval to expand the scope of its Major Payment Institution Licence from the Monetary Authority of Singapore. This will allow Singapore merchants to accept payments via popular international methods, while also enabling global merchants in key markets across the Middle East, South Asia, Africa, and Europe to accept leading Singapore payment methods.
🇸🇦 Paymentology sets out the steps to launching card programmes in Saudi Arabia. Quick Start Guide aims to help banks, FinTechs and brands plan, build and run card programmes. The guide is designed as a practical reference for teams that want to understand how issuing works in the Kingdom.
🇮🇳 Razorpay secures RBI's PA-CB licence to enable cross-border payments. This licence puts Razorpay among a select group of FinTech companies officially allowed to handle both inward and outward cross-border transactions under full regulatory supervision.
🇬🇷 IRIS Payments is now mandatory for Greek businesses. Businesses that fail to integrate with IRIS or connect their POS and cash systems to AADE risk significant fines. Penalties vary based on the business type and location. Initial enforcement includes a transitional period, with recommendations provided, especially in cases of technical issues.
🇦🇺 YouTrip launched in Australia, expanding its footprint to a third market. YouTrip said many travellers continue to lose value through inflated exchange rates and hidden fees from traditional cards and money changers. Read more
🇰🇷 South Korea's NH NongHyup Bank pilots blockchain-based cross-border payments. The pilot executes transactions based on realistic cross-border payment and foreign currency liquidity management scenarios for the Korean market, validating key technical capabilities such as system interoperability, message processing accuracy, and real-time settlement functionality.
🇧🇷 Noh launches credit cards for managing finances as a couple. With the Visa Infinite logo, the card initially arrives in a virtual version and seeks to bring transparency and control to shared expenses. According to Ana Zucato, CEO and co-founder of Noh, the credit card has always been at the top of users' requests.
🇬🇧 MRI Software selects GoCardless to offer flexible payments for tenants. The integration will enable property professionals and finance teams to offer flexible payment options for tenants, making the experience of renting more convenient and user-friendly.
🇧🇷 Mercado Pago enables the use of the tool for tourists in Brazil. Argentinian tourists can now use Pix to make payments at establishments through their digital account. This feature allows for instant payments in Brazilian reais from a balance in pesos, without the need for currency exchange or an international card.
🇧🇷 dLocal now offers global merchants access to Brazil’s “Pix with Biometrics”, redefining the mobile payment experience. The feature allows users to confirm Pix payments with a face or fingerprint scan directly inside a merchant’s checkout, removing one of the biggest friction points in mobile commerce: redirection to a banking app.
OPEN BANKING NEWS
🇬🇧 TrueLayer hits 20 million users. The achievement reflects growing consumer and merchant momentum behind Pay by Bank, with more businesses choosing real-time account-to-account payments to deliver smarter, safer and faster checkout experiences.
DIGITAL BANKING NEWS
🇮🇳 India relaxes rules for digital banking operations. Banks can now display products and services after customers log in to digital platforms. They can showcase government schemes and third-party financial products if these are also available in physical branches.
🌍 Revolut is rolling out "Street Mode" to secure customer funds during the holiday season. A new security feature designed to help protect customers from theft in the event of phone snatching or assault to force a transfer, Street Mode offers an additional, customizable, location-based layer of fund protection when customers are on the move.
🇧🇷 PicPay launches a marketplace and makes its debut in online retail. The new platform integrates financial services and online retail, with technological support from OmniK, and reinforces the company's strategy to expand monetization and engagement.
BLOCKCHAIN/CRYPTO NEWS
🌎 Binance launches Deleted Account Service Tool. It is designed to allow past users of the exchange to quickly and securely download their transactional reports. Binance says it is a push to make privacy rights more accessible and transparent for users.
🌍10 major European banks team up to launch Euro stablecoin Qivalis. The project, presented at a press conference in Amsterdam, is one of the most coordinated attempts yet by European financial institutions to push back against U.S. leadership in digital payments and dollar-backed tokens.
PARTNERSHIPS
🇨🇦 Nuvei expands partnership with Microsoft to scale global payments infrastructure to support more than 10,000 transactions per second. By migrating core services to Azure, Nuvei gains enhanced elasticity, faster performance, and more consistent global reliability, while refreshing key components and reducing reliance on third-party technologies.
🇨🇴 Bancamía has partnered with Pomelo to launch a fully app-managed debit card. The card allows users to request, activate, block, and manage it entirely from their phones, reducing reliance on physical branches and improving security. Bancamía says the initiative strengthens financial inclusion and helps small businesses build a transactional footprint to support growth.
🌍 HSBC partnered with French start-up Mistral AI to accelerate the bank’s use of generative AI. The bank says the partnership will boost efficiency and support future customer-facing innovations, including improved lending, onboarding, and fraud prevention.
🌎 Zepz launches stablecoin-linked Visa cards. Zepz’s Sendwave Wallet will now let users pay with stablecoins, which Bridge, Stripe’s recently acquired infrastructure provider, will convert into local currencies for merchants. The partnership will also support Zepz’s expansion into the US, Canada, and Australia.
DONEDEAL FUNDING NEWS
🇺🇸 Nevis announces $40m from Sequoia Capital, ICONIQ and Ribbit as it emerges from stealth to build AI for wealth management. Nevis automates end-to-end administrative workflows for financial advisors, aiming to solve the industry’s chronic capacity bottleneck.
🇬🇧 NatWest takes a stake in small business finance start-up Bourn as part of a £3.5m funding round aimed at expanding the start-up’s Flexible Trade Account, a modern, data-driven alternative to business overdrafts that embeds flexible working-capital access directly into SMEs’ existing bank accounts and platforms.
M&A
🌍 ID-Pal acquires regtech NorthRow. The acquisition adds native end-to-end KYB checks to the ID-Pal ecosystem. By combining NorthRow’s verification solutions with its own award-winning capabilities, ID-Pal can now deliver one perpetual risk view on both individuals and companies.
🇺🇸 Crypto firm Kraken acquires Backed Finance in a tokenization push. Kraken already offers stocks and ETFs issued by Backed, and after the deal, plans to integrate those products more tightly into its platform, Kraken Co-Chief Executive Officer Arjun Sethi said in an interview.
🇺🇸 Fern has been acquired by Rain. As part of the acquisition, the multiplex will be integrated directly into Rain’s platform, strengthening routing, liquidity abstraction, and the foundation for future global on/offramp connectivity. Keep reading
🇺🇸 Stripe is acquiring Metronome, one of the strongest usage-based billing platforms in the market. Joining Stripe, the company says, will accelerate its mission while maintaining its focus on customer obsession, a value it has upheld since inception and one it sees reflected strongly in Stripe’s own culture.
MOVERS AND SHAKERS
🇺🇸 Fiserv appoints Walter Pritchard as Senior Vice President, Head of Investor Relations. Pritchard brings more than 25 years of experience in investor relations, corporate strategy, finance and equity research. Keep reading
🇮🇹 Scalable Capital appoints Michele Raisoni as Branch Manager Italy. In his new role, Raisoni will work alongside Alessandro Saldutti, Country Manager Italy, in managing the domestic market, contributing to strengthening the local infrastructure and ensuring adherence to the highest compliance and operational standards.
🇬🇧 Droit appoints RegTech veteran Jean-Marie Mamodesen to boost European sales. Jean-Marie brings over 20 years of experience in sales and leadership roles specifically focused on regulatory reporting. This appointment comes at a critical time as financial institutions implement updated regulatory reporting obligations across the globe.
🇺🇸 Lightspark has appointed Davi Strazza as its new Chief Business Officer. Strazza is expected to help drive adoption of Lightspark’s platform, including Lightspark Grid and Spark, as the company pushes toward its vision of faster, open, and global payments.
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