Canadian fintech company Nuvei Corporation (TSX:NVEI) has been selected as the exclusive payment technology provider for Le Panier Bleu, an online marketplace platform supporting businesses in the Canadian province of Quebec.
Le Panier Bleu is utilizing Nuvei’s market-leading integrated payments technology, Nuvei for Platforms, to provide access to enterprise-level payments solutions to small and medium-sized businesses through its eCommerce platform.
To compete with global eCommerce giants it is essential Le Panier Bleu merchants are able to benefit from turnkey, efficient, customizable and accessible payment services where the online shopping customer experience can be personally tailored.
Nuvei for Platforms is packaged with the complete functionality of Nuvei’s core modular platform, including merchant onboarding, pay-ins and payouts, optimization, orchestration, fraud prevention, risk management, and much more, all in a single seamless integration.
Initially a non-profit organization supported by the provincial government, and now a private company backed by institutional investors, Le Panier Bleu is an eCommerce portal based in Quebec that promotes and sells goods from the region’s merchants. It has been designed, as its own tagline indicates, to ‘get our economy rolling’.
The marketplace already includes more than 200 Quebec merchants, selling 40,000 products, and is working to triple the number of businesses using the eCommerce hub before the end of the year.
“Le Panier Bleu is dedicated to driving the Quebec economy by helping smaller merchants compete more effectively with bigger companies. We want to be the marketplace platform of choice for our online shoppers while supporting our region’s businesses with their current and future eCommerce needs,” commented Le Panier Bleu General Manager Alain Dumas.
“Smooth, safe and hassle-free payments are integral to that and Nuvei helps us provide seamless transactions between our merchants and their customers,” Dumas said.
“As a disruptive and growing business with our own Canadian heritage, we are proud to support Le Panier Bleu’s new community-centric marketplace and to help businesses in North America and beyond accelerate their growth with our customizable and comprehensive approach to integrated payments,” added Nuvei Chair and CEO Philip Fayer.
