Last updated on October 9th, 2024
Paysafe, one of the top online payment providers, has announced its lucrative partnership with Gaming Innovation Group (GiG) in a collaboration that is set to position Paysafe as a payment platform exclusively endorsed by GiG for operators that use GiG’s CoreX AI solution.
More specifically, Paysafe will now be promoted as a go-to payment platform for operators that have integrated GiG’s CoreX solution across continental Europe, the UK, North America, and Latin America.
CoreX, the brainchild of GiG launched in January 2024, is a dedicated AI-powered player account management platform (PAM) specifically designed to offer flexibility to online casino and sports betting brands who wish to localize operations in regulated jurisdictions.
The partnership between GiG and Paysafe will allow operators using this advanced AI technology by GiG to access the Paysafe Gateaway, and facilitate credit and debit card transactions by relying on Paysafe’s portfolio of local payment methods (LPMs).
This will include the widely-used digital wallets Neteller and Skrill, as well as eCash payment solutions in the likes of Paysafecash and Paysafecard, which is only in addition to more than 30 third-party local payment methods designed to provide market-specific services.
Zak Cutler, President of Global Gaming at Paysafe, commented on the partnership with GiG and expressed his delight to partner with an innovator such as Gaming Innovation Group, highlighting the opportunity to provide their mutual partners with “a competitive edge” in new markets.
We’re delighted to partner with Gaming Innovation Group, which is one of the gaming industry’s true innovators when it comes to player account management platforms. With the global regulated iGaming space increasingly complex, we share GiG’s philosophy of providing operators with the ability to adapt their operations to each unique market while remaining nimble. Together, we look forward to giving our mutual operator partners a competitive edge to support their growth in new and existing markets.”
On the other side, James Coxon, COO of Gaming Innovation Group, stated that by partnering with Paysafe, the company could make an “important step forward” and, more importantly, ensure that their operators use the most cutting-edge payment solutions in the business.
Partnering with Paysafe marks another important step forward in ensuring that our operators have access to the most seamless, flexible and secure payment solutions… Paysafe’s extensive payment capabilities provide the reliability and adaptability that align with our vision of delivering opportunities for growth.
The news regarding this historic collaboration comes after a very successful year for GiG, who earlier in 2024 announced its record-breaking Q2 where the company reported a whopping 39% increase in revenue.
