CINCINNATI and LONDON, Nov. 26, 2018 /PRNewswire/ --
Leading global payment technology providers Worldpay,
Inc. (NYSE: WP; LSE: WPY) and Paysafe Group (Paysafe)
announced today 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 United States (U.S.).
The partnership will enable seamless transactions, reduce
operating costs and allow universal payment acceptance, leveraging
Worldpay's deep 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 popular NETELLER digital
wallet and paysafecard, its award-winning online cash
solution.
iGaming is in a phase of significant growth after the U.S.
Supreme Court put the legislative power to authorize sports
gambling in the hands of states earlier this year. The potential
market opportunity for iGaming in the U.S. is massive. According to
the American Gaming Association the sports betting market in the
U.S. is forecast to be worth $150
billion in gross online and offline gaming revenue and could
become the largest sports betting market in the
world.1
"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," said
Joel Leonoff, President and CEO at
Paysafe Group. "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."
Combining Paysafe's and Worldpay's capabilities in the Gaming
sector will ultimately help to boost the player's payment choices
leading to better conversion and retention. Through the creation of
this breakthrough solution, the two leaders will provide seamless
connectivity, via a single point of integration, to wide-ranging
payments solutions and services such as credit card processing,
digital wallets, cash payment solutions, ACH and near instant
push-to-card payouts tailored for the U.S. market.
"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," said Shane Happach, EVP, Head of Global Enterprise
eCommerce for Worldpay. "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."
About Paysafe
Paysafe Group is a leading global
provider of end-to-end payment solutions. Its core purpose is to
enable businesses and consumers to connect and transact seamlessly
through industry-leading capabilities in payment processing,
digital wallet, card issuing and online cash solutions.
With over 20 years of online payment experience, an annualized
transactional volume of over US$80
billion and approximately 3,000 employees located in more
than 12 global locations, Paysafe connects businesses and consumers
across 200 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.
Visit us at www.paysafe.com.
About Worldpay, Inc.
Worldpay, Inc. (NYSE: WP; LSE:
WPY) is a leading payments technology company with unique
capability to power global omni-commerce. With an integrated
technology platform, Worldpay offers a comprehensive suite of
products and services, delivered globally through a single
provider. Worldpay processes over 40 billion transactions annually,
supporting more than 300 payment types across 146 countries and 126
currencies. The company is focused on expanding into high-growth
markets and customer segments including global eCommerce,
integrated payments and B2B. Visit us
at www.worldpay.com.
For media inquiries, please contact
Kate Aldridge, Corporate
Communications, Paysafe Group
email: kate.aldridge@paysafe.com
tel : +44 203 934 9197
Adam Kiefaber, Corporate
Communications, Worldpay
email: adam.kiefaber@worldpay.com
tel : +1 513-900-5098
Emily Lahey, Corporate
Communications, Worldpay
email: emily.lahey@worldpay.com
tel : +44 (0)203-664-5663
1
https://www.sbcnews.co.uk/sportsbook/2018/03/12/aga-speaks-illegal-us-sports-betting-industry/
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SOURCE Worldpay, Inc.
