Nuvei, a global payment technology company, has recently announced a multi-year partnership agreement with the Mercedes-AMG Petronas Formula One Team. This partnership marks an exciting collaboration between two leaders in their respective industries, bringing together Nuvei’s innovative payment solutions and Mercedes-AMG Petronas’ unparalleled expertise in Formula One racing.

The partnership will see Nuvei becoming the official payment technology partner of the Mercedes-AMG Petronas Formula One Team, providing a range of payment processing services to enhance the team’s operations both on and off the track. Nuvei’s advanced payment technology will streamline payment processes for the team, allowing for quicker and more secure transactions across various channels.

In addition to payment processing services, Nuvei will also benefit from branding and marketing opportunities through its partnership with the Mercedes-AMG Petronas Formula One Team. The company’s logo will be prominently featured on the team’s race cars, driver uniforms, and other team assets, allowing Nuvei to increase its brand visibility on a global stage.

Speaking about the partnership, Phil Fayer, Chairman and CEO of Nuvei, expressed his excitement about collaborating with the Mercedes-AMG Petronas Formula One Team. He stated, “We are thrilled to partner with such a prestigious and successful team like Mercedes-AMG Petronas. This partnership aligns with our commitment to innovation and excellence, and we look forward to supporting the team with our payment technology solutions.”

Toto Wolff, Team Principal and CEO of the Mercedes-AMG Petronas Formula One Team, also commented on the partnership, saying, “We are delighted to welcome Nuvei to the Mercedes-AMG Petronas family. As a team, we are always looking for innovative partners who share our commitment to excellence, and Nuvei’s cutting-edge payment technology will be a valuable asset to our operations.”

Overall, the partnership between Nuvei and the Mercedes-AMG Petronas Formula One Team is set to be a winning combination. With Nuvei’s advanced payment technology and Mercedes-AMG Petronas’ expertise in Formula One racing, this collaboration promises to bring new levels of performance and efficiency to both parties. Fans of the team can look forward to seeing the Nuvei logo on the track as the partnership unfolds in the coming seasons.