Paysafe and Playtech Make Partnership Global
Paysafe, the popular payment method, has announced a new global partnership with Playtech, the gambling technology giant. The new partnership is an extension of an existing agreement between the two companies that will take them into the UK and Europe from the US, where Playtech already offers Paysafe’s solutions to iGaming operator customers through its platform.
The deal means that operators in the UK and Europe will be able to make use of Playtech’s iGaming PAM, Information Management Solution (IMS) platform to access a number of Paysafe’s payment solutions. At first, it will be limited to payment acquiring and card processing, and Paysafe’s digital wallet services will be added in the near future.
The partnership extension comes after Paysafe and Playtech successfully integrated with betPARX in the US. Paysafe has been providing the operator with payment solutions for its iGaming brand Play Gun Lake in Michigan since Q2 2021 and for its betPARX iGaming and sportsbook app in both Pennsylvania and New Jersey since Q1 2022.
Playtech is an exciting global gaming brand committed to offering its operators a frictionless payments experience. We’ve seen great success in the roll-out of our collaboration across multiple US state markets and are delighted to be extending this into the UK and Europe via the same, single technology integration. Bringing together our respective capabilities and deep expertise and understanding of the international iGaming, technology, and payments industries represents an incredibly powerful combination, and I am looking forward to helping the Playtech team grow their business further in new European markets.
Shimon Akad, the Chief Operating Officer at Playtech, explained that payments are an important part of the player journey and require an “experienced team with expert knowledge”. He said that Paysafe is the ideal partner and that they “are extremely happy with the progress of our relationship in the US and are truly excited about what we can achieve together in the UK and Europe.”
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