Nov. 26, 2018
Worldpay Inc. and Paysafe Group are partnering to develop payments solutions in the booming online sports betting business in the U.S.
Worldpay, formed in January of this year after its acquisition by Vantiv Inc., and Paysafe plan to combine their respective technologies to offer secure payment solutions to the U.S. sports gaming market, according to a press release. The market is estimated to grow to $150 billion, making it potentially the largest sports betting market in the world.
"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 and unparalleled player experience," said Joel Leonoff, president and CEO of Paysafe Group, in the release.
As noted in a Nov. 20th blog post by Neil Erlick, executive vice president, business development, at Paysafe, the company has an existing relationship as the payments processor for fantasy sports firm DraftKings, which takes bets through a mobile app.
Topics: Gaming, Mobile Apps, Technology Providers, Transaction Processing
Companies: Worldpay, Inc., Paysafe Group
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