Provider of payment solutions Paysafe Group Plc (LON:PAYS), which earlier this week joined the FTSE 250 index, has partnered with provider of prepaid payment technology and solutions Emerchants Ltd (ASX:EML) to deliver white-labelled pay-out card solutions to gaming operators in Europe.
Emerchants, which has gaming operators such as Ladbrokes, William Hill and Sportsbet amid its clients, offers an innovative prepaid payment technology platform with processing and program management services. Paysafe is a Principal Member of MasterCard and authorised by the UK Financial Conduct Authority to issue e-money in the European Economic Area (EEA) region.
Leveraging Paysafe’s issuing capabilities, Emerchants Europe will offer gaming operators in Europe a branded pay-out card that enables consumers to access their online betting winnings instantly, thus removing the need for them to wait three or more days. The card can be used in-store, online, or to withdraw money at ATMs. Consumers can also use the card to re-bet instantly by moving funds back to their gaming account in real time.
Stuart Green, Managing Director of Emerchants Europe, comments:
“A quicker, easier pay-out experience increases consumer engagement which in turn boosts customer loyalty and retention. We are therefore delighted to be working with Paysafe as the leading payments provider in the gaming space.”
Andrea Dunlop, CEO of Card Solutions and Acquiring at Paysafe, added:
“Emerchants has strong credentials and extensive experience of managing gaming programmes. The combination of our technology creates an incredibly powerful offer for gaming operators.”