{"id":2705884,"date":"2025-05-19T07:00:00","date_gmt":"2025-05-19T11:00:00","guid":{"rendered":"https:\/\/pymnts-com-develop.go-vip.net\/?post_type=nw_announcement&p=2512652"},"modified":"2025-05-19T07:00:00","modified_gmt":"2025-05-19T11:00:00","slug":"nuvei-enhances-b2b-payments-capabilities-for-the-high-growth-construction-vertical","status":"publish","type":"nw_announcement","link":"https:\/\/www.pymnts.com\/newswire-announcements\/nuvei-enhances-b2b-payments-capabilities-for-the-high-growth-construction-vertical\/","title":{"rendered":"Nuvei Enhances B2B Payments Capabilities for the High-Growth Construction Vertical"},"content":{"rendered":"

MONTREAL, MAY 6, 2025<\/strong>\u00a0\u2013 Nuvei, the global payments accelerating business, today announced the strategic expansion of its B2B payments capabilities for the U.S. construction sector \u2013 a high-growth vertical projected to reach $1.54 trillion by 2028. \u00b9 The move reinforces Nuvei\u2019s vertical market strategy, enabling the company to deepen its footprint in construction by embedding payments into the software platforms most critical to industry operations.<\/p>\n

This expansion includes new integration support for Sage Intacct Construction Real Estate (CRE), enhancing Nuvei\u2019s existing support for Sage 100 Contractor and Sage 300 CRE. The move reinforces Nuvei\u2019s vertical market strategy, enabling the company to deepen its footprint in construction by embedding payments into the software platforms most critical to industry operations.<\/p>\n

Construction businesses leveraging this new integration can improve cash flow and reduce administrative friction, with:<\/p>\n

\u2022 Real-time payment processing
\n\u2022 Automated invoicing
\n\u2022 Seamless reconciliation
\n\u2022 Surcharging capabilities to recover credit card processing costs and improve profitability without increasing prices<\/p>\n

These capabilities are designed to address the unique payment complexities of the construction industry, including multi-tiered subcontractor relationships, lien waiver compliance, tax workflows, and project-based billing cycles, which have traditionally resulted in delayed payments, manual processes, and strained cash flow.<\/p>\n

The U.S. construction market is expected to grow at a 5.0% CAGR from 2024 to 2028\u00b9, with digital payment adoption among contractors, subcontractors, and suppliers accelerating amid ongoing digitization of project finance operations. Nuvei is uniquely positioned to address these industry-specific challenges with its specialized payment solutions that eliminate manual work, improve operational efficiency, and accelerate cash flow \u2013 critical factors for success in the construction sector. Its platform is backed by expert consulting and support teams with decades of industry experience, ensuring clients receive both technological and practical expertise.<\/p>\n

Philip Fayer, Nuvei Chair and CEO, commented on the announcement: \u201cThe construction industry has historically been underserved when it comes to payment technology. With our latest integration into Sage Intacct CRE, we’re enabling thousands of firms to reduce complexity and accelerate cash flow. This is a prime example of Nuvei\u2019s strategy to create value by aligning deep vertical expertise with embedded payments infrastructure.\u201d<\/p>\n

\u00b9 Source: U.S. Construction Outlook, ResearchAndMarkets.com, 2024<\/em><\/u><\/a><\/p>\n

About Nuvei
\nNuvei is the Canadian fintech company accelerating the business of clients around the world. Nuvei\u2019s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.<\/p>\n

For more information, visit www.nuvei.com<\/em><\/u><\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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