Worldpay and Paysafe will jointly develop online iGaming solutions
Worldpay and Paysafe combine to provide a comprehensive payment solution to operators and users of the online gambling industry in the United States.
Leading payment technology providers Worldpay, Inc. and the Paysafe Group have announced a strategic partnership to create a leading digital payment security standard in the online gaming and sports betting industry. The solution will be available to operators in the United States.
The partnership will ensure smooth transactions, reduce transaction costs and make it possible to accept universal payments based on Worldpay's experience in this sector, as well as optimized credit card processing, quickly transferred funds and a number of other payment and budget solutions. For its part, Paysafe offers reliable digital payment options for online gambling and gaming, including their popular NETELLER digital wallet and the award-winning paysafecard solution.
“Thanks to this partnership, we will be able to meet the needs of US online gaming operators and their customers by providing a secure, economical and well-configured payment platform. Our innovative approach means that we can support all transactions regardless of which payment method the customer chooses,” - said Joel Leonoff, CEO and President of the Paysafe Group.
Online gaming is in a state of rapid development after the Supreme Court has transferred the right to regulate the sector into the hands of the governments of each state. Potential market opportunities for online gaming in the United States are large-scale. According to the American Gaming Association, it is predicted that the cost of the sports betting market here will reach $ 150 billion. Thus, the gross gambling profits of the online and offline segments can make the American market of sports betting the largest in the world.
“As a leading payment provider for online gaming companies, state lotteries and land-based casinos, Worldpay is pleased with the improvements that will come from this collaboration in maximizing payment acceptance, availability of new digital wallets, and minimizing the risk of fraud and price reductions. Together, we will simplify payments for gaming operators, but at the same time continue to demonstrate our attention to responsible gaming and our mission to protect the integrity of each transaction,” - said Shane Huppah, executive vice president of Worldpay.
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