Editor’s Note
This announcement highlights a significant partnership in the luxury retail and fintech sectors, as a leading jewelry brand adopts a modern payment platform to power its global expansion strategy.
MONTREAL, August 7, 2025 /PRNewswire/ — Nuvei announced that Chow Sang Sang Holdings International Limited (HKEX: 116), one of the most iconic jewelry brands in Greater China, has adopted its solutions as the next-generation online payment platform for its global growth. Through this partnership, Chow Sang Sang will embark on a full-scale international expansion, starting with its entry into the North American market.
Nuvei recently obtained a Money Services Operator (MSO) license in Hong Kong, enabling it to provide local-level payment authorization and settlement services in Hong Kong, one of the most strategically important markets in Asia. This strengthens Nuvei’s long-term efforts to continuously expand its local presence in the Asia-Pacific region, including Greater China, Japan, Singapore, and Australia.
As Chow Sang Sang accelerates its digital payment transformation, Nuvei will provide seamless, secure, and localized payment experiences to support the brand’s global growth. Through a single integration with the Nuvei platform, Chow Sang Sang can benefit from:
– Local payment authorization in 50 markets
– Support for over 150 currencies and 720 alternative payment methods
– Enhanced authorization rates and minimized payment friction through direct connections with global card networks
This announcement comes amid the trend of the rapidly growing digital luxury market. Global online jewelry sales are projected to grow from USD 105.6 billion in 2024 to USD 166 billion in 2029, representing a compound annual growth rate (CAGR) of 16%. Looking at the US market alone, e-commerce-based jewelry sales are expected to increase from USD 22.5 billion to USD 37.9 billion during the same period, a figure more than three times higher than in 2017 [1].
Chow Sang Sang, which operates over 900 self-operated stores in Mainland China, Hong Kong, Macau, and Taiwan, boasts a beloved brand portfolio including Chow Sang Sang, PROMESSA, MINTYGREEN, and EMPHASIS.
Through this collaboration, Chow Sang Sang joins the ranks of Hong Kong-based companies that have chosen Nuvei for global expansion across various industries, including aviation, hotels, gaming, online travel, parking, and electric vehicle charging. Nuvei is already supporting the Asia-Pacific expansion of industry leaders such as Shein, Temu, and Charles & Keith.
Nuvei accelerates the business growth of customers worldwide. Its flexible, scalable, and modular technology enables leading companies to embrace next-generation payment methods, offer all forms of payment options, and utilize services including card issuing, banking, risk, and fraud management. Nuvei connects businesses and their customers in over 200 markets, with local payment authorization in 50 markets, support for 150 currencies, and 720 alternative payment methods. This allows Nuvei to provide the technology and insights for customers and partners to succeed locally and globally through a single integration.
For more information, visit www.nuvei.com.
Contact: PR Department, [email protected]
[1] https://www.oberlo.com/statistics/online-jewelry-sales-statistics
