Selina Partn Hotel Brand – GuruFocus.com

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Montreal, Aug. 02, 2022 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (NVEI) (TSX: NVEI), the payment platform of tomorrow, today announces that it has partnered at Selina, the fast-growing experiential hospitality brand targeting the remote worker and digital nomad.

Nuvei is Selina’s payments provider offering local card acquiring services in Europe and Israel, and soon also in several territories including the United States, Latin America and Australia. Adding alternative payment methods is also on the roadmap for delivery in 2022.

Selina’s lifestyle brand was developed specifically for Millennials and Gen Z travelers who spend approximately $350 billion a year on travel, according to Selina estimates.

“We seek to redefine the future of accommodation by building a brand and curating experiences that resonate strongly with our customers,” said Elad Nir, Managing Director of Global Marketing at Selina.

“Millennials and Gen Z travelers are looking for authenticity and premium experiences at every step, and that extends to how they pay. We are confident that by partnering with Nuvei, we will be able to deliver the frictionless, next-generation payment experiences our target markets want, regardless of location,” added Nir.

Commenting on the payments collaboration, Nuvei President and CEO Phil Fayer said, “We are seeing firsthand how the millennial and Gen Z population is redefining what good looks like in payments. in a variety of key verticals. We are excited to work with Selina to bring the future of payments to their tech-savvy customers today. »

Selina has steadily expanded its geographic reach by leveraging proprietary technology to identify underperforming hotels and transform them into cultural hubs through partnerships with local artisans, designers, and food and beverage suppliers. Selina’s properties provide a global home for the remote worker and digital nomad, providing a comprehensive experience that should continue to drive demand for Selina’s offerings.

Nir added, “We expect to continue to benefit from the rise of remote working and the prioritization of health, wellness and an experiential lifestyle among millennial and midlife travelers. Generation Z, which means growth is firmly on the agenda. To realize our plans, we need a payment partner to help us fuel our growth and we believe that Nuvei is the right partner for us.

AboutNuvei

Nuvei (NVEI) (TSX: NVEI) is the payment platform of tomorrow. Designed to accelerate customer business, Nuvei’s modular, flexible and scalable technology enables large enterprises to accept next-generation payments, offer all payment options and benefit from card issuing, banking , risk and fraud management. Connecting businesses to their customers in over 200 markets, with local acquisitions in over 45 markets, 150 currencies and over 550 alternative payment methods, including cryptocurrencies, Nuvei provides the technology and insights to enable customers and partners to succeed locally and globally with a single integration.

For more information visit www.nuvei.com

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About Seline

Selina is one of the world’s leading hospitality brands designed to meet the needs of millennial and Gen Z travelers, combining beautifully designed accommodation with coworking, leisure, wellness and local experiences . Tailor-made for today’s nomadic traveler, Selina offers customers a global infrastructure to seamlessly travel and work abroad. Founded in 2014, each Selina property is designed in partnership with local artists, designers and tastemakers, breathing new life into existing buildings in interesting locations around the world – from urban cities to secluded beaches and jungles. Selina’s portfolio includes over 155 open or secured properties in 25 countries and 6 continents. On December 2, 2021, Selina entered into a definitive merger agreement with BOA Acquisition Corp. (:BOAS), the closing of which, which is subject to customary conditions, will make Selina a publicly traded company.

For more information about Selina, visit www.selina.com or check out @selina on Instagram, Twitter or Facebook.

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