Paysafe and Playtech Form Global Payments Partnership
May 09 2022 - 04:00AM
Business Wire
Playtech and Paysafe extend collaboration in the UK and Europe
following success across multiple US states
Paysafe (NYSE: PSFE), a leading specialised payments platform,
today announces a new global partnership with Playtech (LSE: PTEC),
the world’s leading gambling technology company. The new agreement
represents the extension of an existing partnership between the two
companies into the UK and Europe from the US, where Playtech offers
Paysafe’s leading payment solutions to iGaming operator customers
through its technology platform.
Through a single, global streamlined integration with Paysafe’s
API, operators in the UK and Europe will now also be able to
leverage Playtech’s iGaming PAM, Information Management Solution
(IMS) platform to access a range of Paysafe’s payment solutions,
starting with payment acquiring and card processing, with Paysafe’s
digital wallet services set to follow. The integration helps to
maximise consumer choice by providing players with all the ways
they want to pay when betting online.
The partnership extension follows Paysafe and Playtech’s
successful US integration with betPARX®. Paysafe has powered the
gaming operator’s traditional and alternative payment solutions for
its iGaming brand Play Gun Lake in Michigan since Q2 2021 and, from
Q1 2022, for its betPARX iGaming and sportsbook app for both
Pennsylvania and New Jersey.
Both founded in the late 1990s, Paysafe and Playtech bring
together a combined 40+ years of industry experience and a deep
understanding of iGaming regulation across audiences and markets.
With a technology-focused heritage, the two companies are focused
on driving new innovations which offer the ultimate player
experience and are designed to support the growth of partner
businesses.
Paulette Rowe, CEO of Integrated and Ecommerce Solutions at
Paysafe, said: “Playtech is an exciting global gaming brand
committed to offering its operators a frictionless payments
experience. We’ve seen great success in the roll-out of our
collaboration across multiple US state markets and are delighted to
be extending this into the UK and Europe via the same, single
technology integration. Bringing together our respective
capabilities and deep expertise and understanding of the
international iGaming, technology and payments industries
represents an incredibly powerful combination, and I am looking
forward to helping the Playtech team grow their business further in
new European markets.”
Shimon Akad, Chief Operating Officer at Playtech, added:
“Offering our iGaming partners market-leading technologies that
deliver the most seamless and engaging experience to their
customers is absolutely central to our strategy at Playtech.
Payments plays an important role in delivering the ultimate player
journey and requires an experienced team with expert knowledge,
which is where Paysafe comes in as the ideal partner for us. We are
extremely happy with the progress of our relationship in the US and
are truly excited about what we can achieve together in the UK and
Europe.”
About Paysafe Limited Paysafe Limited (“Paysafe”) (NYSE:
PSFE) (PSFE.WS) is a leading specialised payments platform. Its
core purpose is to enable businesses and consumers to connect and
transact seamlessly through industry-leading capabilities in
payment processing, digital wallet, and online cash solutions. With
over 20 years of online payment experience, an annualised
transactional volume of US $120 billion in 2021, and approximately
3,500 employees located in 10+ countries, Paysafe connects
businesses and consumers across 100 payment types in over 40
currencies around the world. Delivered through an integrated
platform, Paysafe solutions are geared toward mobile-initiated
transactions, real-time analytics and the convergence between
brick-and-mortar and online payments. Further information is
available at www.paysafe.com.
About Paysafe iGaming Paysafe brings over two decades of
specialized payments experience supporting the global iGaming and
sports-betting sectors and provides operators with a comprehensive
suite of traditional and alternative payment methods through a
single, streamlined API integration. Paysafe is also a leader in
digital and affiliate marketing technology and services for iGaming
operators through its Income Access business unit.
Since the opening-up of the U.S. iGaming market in May 2018,
Paysafe has consistently stated its ambitions to be the payments
leader in the fast-growing sector, building on its leadership in
Canada and Europe. As of May 9, 2022, the company supports 75% of
operators in the country with payments or marketing solutions
across 21 jurisdictions. In Canada, Paysafe also has a leading
position and partners with the majority of regulated iLottery and
gaming brands.
About Playtech Founded in 1999 and premium listed on the
Main Market of the London Stock Exchange, Playtech is a technology
leader in the gambling and financial trading industries with over
7,000 employees across 24 countries.
Playtech is the gambling industry's leading technology company
delivering business intelligence driven gambling software,
services, content and platform technology across the industry’s
most popular product verticals, including, casino, live casino,
sports betting, virtual sports, bingo and poker. It is the pioneer
of omni-channel gambling technology through its integrated platform
technology, Playtech ONE. Playtech ONE delivers data driven
marketing expertise, single wallet functionality, CRM and
responsible gambling solutions across one single platform across
product verticals and across retail and online.
Playtech partners with and invests in the leading brands in
regulated and newly regulated markets to deliver its data driven
gambling technology across the retail and online value chain.
Playtech provides its technology on a B2B basis to the industry’s
leading retail and online operators, land-based casino groups and
government sponsored entities such as lotteries. Playtech directly
owns and operates Snaitech, the leading sports betting and gaming
company in online and retail in Italy.
Playtech also owns Finalto, a technology leader in the CFD and
financial trading industry that operates both on a B2B and B2C
basis. Finalto has been classified as a discontinued operation
since 31 December 2020.
www.playtech.com
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version on businesswire.com: https://www.businesswire.com/news/home/20220509005303/en/
Anna Birdsall-Strong, VP of Communications, Europe, Paysafe
Anna.Strong@paysafe.com
Nick Say, Senior Manager of Communications, North America,
Paysafe Nick.Say@Paysafe.com
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