Payment technology providers Worldpay Inc and the Paysafe Group announced that they have entered into a strategic partnership.
This partnership will see both companies come together to develop a new solution for digital payment and security systems for online gaming and sports betting in the US.
The partnership will aim to reduce operating costs and allow universal payment acceptance, thanks to Worldpay’s experience in the sector, credit card processing, fast-fund payouts and payment solutions.
Paysafe will bring its experience with online gambling and gaming digital payment options, including its NETELLER digital wallet and the paysafecard online cash solution.
By coming together, Worldpay and Paysafe aim to develop the US gambling sector’s “breakthrough payment solution,” and provide businesses and consumers with faster transactions, and a variety of payment methods.
Joel Leonoff, President and CEO at Paysafe Group, said: “Through this partnership, Worldpay and Paysafe will be able to champion the needs of US 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.”
Shane Happach, EVP, Head of Global Enterprise eCommerce for Worldpay, said: “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.”