High-end jeweler, Chow Sang Sang, chooses Nuvei to manage online transactions and accelerate global growth plans.
Chow Sang Sang Partners with Nuvei for Global Expansion
In a significant move towards international growth, luxury jewellery retailer Chow Sang Sang Holdings International Limited has chosen Nuvei's global payments platform to power its expansion, particularly targeting North America as the next key market.
Phil Fayer, Chair and CEO of Nuvei, stated that luxury brands like Chow Sang Sang require partners who can deliver intelligent infrastructure that matches their brand sophistication. This partnership is a testament to Nuvei's commitment to empowering such brands with the necessary tools for success.
Through a single integration with Nuvei's platform, Chow Sang Sang gains access to local acquiring in 50 markets, supporting over 150 currencies and 720 alternative payment methods. This extensive support caters to diverse customer preferences worldwide and improves payment approval rates through direct connections to global card networks.
Genevieve Chow, Chief Brands Officer at Chow Sang Sang, expressed that Nuvei's platform, local knowledge, and global reach enable them to deliver the premium experience their customers expect, online and in-store. The partnership ensures a premium, localized, and secure payment experience for customers internationally, critical to Chow Sang Sang's push into North America and its broader global expansion goals.
Chow Sang Sang operates over 900 self-run stores across Mainland China, the Hong Kong Region, the Macau Region, and the Taiwan Region. The brand brings to market a portfolio of beloved brands, including CHOW SANG SANG, PROMESSA, MINTYGREEN, and EMPHASIS.
The global online jewellery sales market is projected to rise from $105.6 billion in 2024 to $166 billion by 2029, a 16% Compound Annual Growth Rate (CAGR). In the U.S. alone, ecommerce sales of jewelry are projected to rise from $22.5 billion to $37.9 billion over the same period. Chow Sang Sang's strategic focus on accelerating its international expansion through a strong omnichannel approach, emphasizing seamless digital payment experiences both online and in-store, positions the brand well for this growth.
Nuvei's long-term commitment to the APAC region is evident, as it continues to expand its on-the-ground presence across Greater China, Japan, Singapore, and Australia. The company recently received a Money Services Operator (MSO) license in Hong Kong, enabling local acquiring and settlement in one of Asia's strategically important markets. This, combined with Nuvei's support for APAC expansion for category leaders such as Shein, Temu, and Charles & Keith, reinforces the company's ability to support the region's most ambitious companies with payments technology built for scale.
This partnership between Chow Sang Sang and Nuvei is a key part of Chow Sang Sang's omnichannel strategy, aligning with the brand's dedication to excellence and digital transformation in payments.
- In order to diversify its market presence, luxury jewellery retailer Chow Sang Sang has turned to technology for assistance, partnering with Nuvei to provide a seamless payment experience in over 50 markets, boosting its business and finance interests in North America.
- Recognizing the need for intelligent infrastructure that matches their brand sophistication, Chow Sang Sang has teamed up with Nuvei, indicating a trend towards integrating technology in the financial aspects of high-end business ventures.
