Nuvei, a Montreal-based payments company, said it completed the acquisition of SafeCharge International Group Ltd. for $889 million. 

Nuvei said the acquisiton complements its focus on the U.S. and Canadian SMB market, while Safecharge has a solid foothold in Europe, Asia and Latin America. 

"This marks the dawn of an exciting new journey for Nuvei," Philip Fayer, chairman and CEO of Nuvei, said in a company release. "Thanks to SafeCharge's technology platform, we've enhanced our ability to deliver powerful payment solutions to our technology partners, merchants and resellers."

Cover photo: Courtesy of Nuvei