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Nuvei has expanded its strategic partnership with Loop Global, a prominent provider of electric vehicle (EV) charging infrastructure, to improve payment experiences for drivers throughout Canada. This collaboration builds on a successful U.S. initiative, integrating Nuvei’s direct local acquiring capabilities into Loop Global’s turnkey unattended EV charging terminals. These terminals are deployed across Canadian commercial properties, workplaces, municipalities, and public infrastructure, ensuring faster and more reliable transactions for EV users.
Key Highlights
- Nuvei’s unattended solution powers Loop Global’s EV charging terminals, offering higher approval rates and reduced complexity for operators.
- Canada’s EV market is growing rapidly, with zero-emission vehicles (ZEVs) comprising 15.4% of new registrations in 2024 and over 724,000 ZEVs registered since 2020.
- The Canadian EV and charging infrastructure market is projected to nearly double from USD 6.56 billion in 2024 to over USD 12 billion by 2029.
- Loop Global’s stations utilize WizarPOS’ secure Android-based unattended smart terminals, seamlessly integrated with Nuvei’s modular platform for enterprise-grade payments.
- The partnership includes a joint global growth strategy, extending to the United Arab Emirates (UAE) before the end of 2025.
This expansion underscores both companies’ ambitions for global growth in the evolving EV sector. By processing transactions domestically through Nuvei, Loop Global enables EV drivers to enjoy seamless charging while terminal operators benefit from greater predictability in interchange costs. Phil Fayer, Nuvei Chair and CEO, emphasized the partnership’s role in supporting fast-growing industries like sustainable transportation. He highlighted how Nuvei’s local acquiring in Canada, combined with Loop Global’s infrastructure and WizarPOS’ Android payment technology, simplifies EV operations for consumers regardless of payment method.
Son Dang, Chief Product Officer and Co-Founder of Loop Global, noted that the collaboration ensures reliable, secure, and convenient charging experiences for drivers, while remaining cost-effective for site hosts. Nuvei’s direct acquiring empowers Canadian businesses to handle domestic transactions locally, bypassing third-party processors for improved approval rates. This is complemented by advanced alternative payment method (APM) connectivity and omnichannel solutions, helping businesses streamline payments, boost sales, and enhance customer satisfaction.
Loop Global stands out as a leader in comprehensive EV charging solutions worldwide. The company delivers a full suite of hardware, software, and services through its aesthetic, reliable charging stations focused on uptime and user convenience. Employing a consultative, portfolio-based approach, Loop Global assists customers from deployment to operation, fostering long-term relationships with clients like AvalonBay Communities, Reem Mall, and AMLI Residential. For more details, visit http://www.loopglobal.com.
Nuvei accelerates business growth globally with its modular, scalable technology. It enables companies to accept next-generation payments, manage payouts, and access card issuing, banking, risk, and fraud services. Operating in over 200 markets with local acquiring in 50, supporting 150 currencies and 720 alternative payment methods, Nuvei facilitates success through a single integration. Learn more at www.nuvei.com.
This partnership positions Nuvei as a preferred payments partner for Canadian enterprises, particularly in the booming EV ecosystem. As adoption of electric vehicles surges, innovations like these drive efficiency and sustainability, making EV charging more accessible and economically viable across diverse locations.
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