Global payment technology providers Worldpay, Inc. (NYSE: WP; LSE: WPY) and Paysafe Group announced on Monday they have formed a new strategic partnership, with sights set on establishing an industry-leading standard in iGaming and Sports Betting digital payments acceptance and security in the U.S.
According to the duo, this partnership will enable seamless transactions, reduce operating costs and allow universal payment acceptance, leveraging Worldpay’s sector expertise and optimized credit card processing, fast-fund payouts, and a range of treasury and payment solutions – alongside Paysafe’s proven online gambling and gaming digital payment options, including its NETELLER digital wallet and Paysafecard, its online cash solution. While sharing more details about the partnership, Joel Leonoff, President and CEO at Paysafe Group, stated:
“Through this partnership, Worldpay and Paysafe will be able to champion the needs of U.S. iGaming operators and their players by providing a secure, cost-effective and highly configurable payments platform that delivers an unparalleled player experience. Our innovative approach means we can support all transactions, no matter how the player wants to pay. We’re very excited to once again get behind a new and growing sector.”
Shane Happach, EVP, Head of Global Enterprise eCommerce for Worldpay, went on to add:
“As a leading payments provider for iGaming companies, state lotteries and land-based casinos, Worldpay is excited about the enhancements this partnership will bring when it comes to maximizing payment acceptance, enabling new digital wallets, as well as minimizing fraud risk and lowering cost. Our combined strengths and capabilities will simplify payments for gaming operators, while also continuing to show our attentiveness to responsible gaming and our mission to protect the integrity of every transaction.”