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nuvei Payment Technology Partner Nuvei Announces First Quarter 2021 Results Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards ( " IFRS " ) MONTREAL , May 10 , 2021 - Nuvei Corporation ( " Nuvei ” or the “ Company ” ) ( TSX : NVEI and NVEI.U ) , the global payment technology partner of thriving brands , today reported its financial results for the first quarter ended March 31 , 2021 . " We're very pleased with our results for the first quarter with both continuing momentum in the core business and the acceleration of new client wins contributing to 132 % total volume * growth , 80 % revenue growth and 97 % Adjusted EBITDA ** growth over the first quarter of 2020 , " said Philip Fayer , Nuvei's Chair and CEO . " Our focus on building leading - edge solutions to facilitate and help our clients best connect with their clients continued during the first quarter as we expanded our reach with new markets , added multiple alternative payment methods ( " APMs ” ) and introduced new capabilities like supporting payment in cryptocurrencies . These initiatives coupled with significant volume growth from current and new clients position us extremely well to drive our overall performance and growth this year and into the future . We are proud of our results and raising our financial outlook for the full year 2021. " Financial Highlights for the Three Months Ended March 31 , 2021 • Total volume * increased 132 % , to $ 20.6 billion from $ 8.9 billion О eCommerce represented approximately 87 % of total volume Revenue increased 80 % , to $ 149.9 million from $ 83.2 million • • • • ● • Net income was $ 27.8 million compared to a net loss of $ 62.3 million Adjusted EBITDA ** increased 97 % , to $ 65.5 million from $ 33.3 million Adjusted net income ** was $ 51.2 million compared to $ 9.8 million Net income per share of $ 0.19 compared to a net loss per share of $ 0.74 Adjusted net income ** per diluted share of $ 0.35 compared to $ 0.11 Operational Highlights • Volume growth from current merchant customers and the acceleration of new client wins drove Nuvei's first quarter performance . New eCommerce business more than tripled in the first quarter of 2021 compared to the first quarter of 2020 largely as a result of the Company's ongoing investment in and expansion of its direct distribution channel . • Nuvei expanded its card acquiring coverage launching local processing solutions in Argentina , Chile , Peru and Ecuador , while expanding its acquiring capabilities in Brazil , Colombia and Mexico . The Company now provides local acquiring in 44 markets up from 35 at year end 2020 . • The Company added multiple new APMs including Pix in Brazil , MoMo wallet in Vietnam , PagueloFacil in Panama , Mach in Chile , Kakao Pay in South Korea , TrueMoney in Thailand and Alipay HK in Hong Kong , increasing the Company's portfolio of APMs to 470 at the end of the first quarter of 2021 from 455 at year end 2020 . • The Company recently added pay - in and payout support for nearly 40 of the world's leading cryptocurrencies , including Bitcoin , Ethereum , Bitcoin Cash , Litecoin , NEO and XRP . With this capability , merchants can now accept cryptocurrencies as easily as any other form of alternative payment method at a time when both the number of cryptocurrency users continues to expand and mainstream adoption steadily increases . The Company entered into several new partnerships including one with Universal Air Travel Plan ( " UATP " ) to begin offering full payment services as part of UATP's ongoing effort to expand its offerings to airlines , optimize payment processing , enrich the client experience and lower transaction