Paysafe Deepens Strategic Partnership With Eightcap, Pushes Focus On Merchant Solutions Segment
Portfolio Pulse from Khyathi Dalal
Paysafe Ltd. (NYSE:PSFE) and Eightcap are advancing their partnership with the introduction of an Embedded Trading Wallet solution for partners and merchants in the EU, scheduled for late 2023. The solution will bring together compliance expertise and payments and trading capabilities. This follows a 2016 partnership where Paysafe provided various payment options for Eightcap global traders. Paysafe's Q2 earnings showed a 6% Y/Y total revenue growth, with digital wallet use revenue increasing by 5%.
September 06, 2023 | 10:59 pm
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POSITIVE IMPACT
Paysafe's partnership with Eightcap to introduce an Embedded Trading Wallet solution could potentially boost its revenues and strengthen its position in the payments and trading market. The company's recent earnings report showing a 6% Y/Y total revenue growth also indicates a positive trend.
The introduction of the Embedded Trading Wallet solution is a strategic move that could attract more partners and merchants, potentially leading to increased revenues. The company's recent earnings report also shows a positive trend, which could make the stock more attractive to investors.
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