Paysafe Strengthens US iGaming Solution with Pay by Bank Launch
Portfolio Pulse from Benzinga Newsdesk
Paysafe (NYSE:PSFE) has launched Pay by Bank for iGaming, a solution enabling U.S. online bettors to fund deposits and cash out winnings directly from their online bank accounts. This expands Paysafe's Gateway, enhancing its iGaming payments solution by connecting U.S. operators to a wide range of payment methods through a single integration.
April 29, 2024 | 8:04 am
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Paysafe's launch of Pay by Bank for iGaming could significantly enhance its position in the U.S. iGaming market by offering a direct, secure method for bettors to manage funds, potentially increasing user adoption and transaction volumes.
The introduction of Pay by Bank for iGaming by Paysafe directly addresses the demand for more secure and convenient payment options in the rapidly growing U.S. iGaming sector. By simplifying the deposit and withdrawal process, Paysafe is likely to attract more operators and users, potentially increasing transaction volumes and revenue. This strategic move could positively impact investor sentiment and PSFE's stock price in the short term.
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