The payment expert’s latest US partnership is the US division of European sportsbook operator Tipico.
New York, NY, 2 November 2020 - PXP Financial Inc,. the US subsidiary of PXP Financial Ltd., the expert in global acquiring, payment, fraud and data analysis services, has today announced its partnership with the US division of the global sportsbook operator, Tipico.
Tipico is an existing partner of PXP Financial Ltd. in Europe. With both companies growing existing US portfolios it felt natural to extend the partnership to include the region. With this partnership, PXP Financial Inc. has deployed a full-service gateway, offering multiple connections to different providers, and a full managed service including reconciliations and a risk monitoring service for Tipico.
PXP Financial Inc. has gaming licenses in more than nine US states since 2013, and its solution is approved in even more. The company’s knowledge of the region and its experience with multiple payment solutions in an all-in-one service will allow Tipico to support its own clients. The close and intensive relationship between Tipico and PXP Financial Inc. means the two will be able to support each other in both parties US brand expansion.<
“PXP Financial’s proven experience in the regulated U.S. market has been beneficial as we prepare to officially launch our sports betting app in New Jersey,” said Adrian Vella, Managing Director, U.S. Business, Tipcio “Their innovative platform, which links our all-digital systems to retail cash-at-cage payments has been especially key.”
“With 20 years of expertise processing payments for the gaming sector, the PXP platform will offer our customers the convenient deposit and withdrawal options they’re looking for,” said Allen Ambrogio, Director of Operations, U.S. Business, Tipico. “This will ensure a seamless experience when placing bets through the Tipico app.”
The partnership launched in New Jersey in October 2020 and PXP Financial will be supporting the company as it expands its business into multiple states across the US.
Kamran Hedjri, CEO at PXP Financial Inc., says: “We have had a great partnership with Tipico’s European branch and so have no doubt that they are also a great partner for us in our US venture. They are a fantastic brand in the industry, and we hope that our work together will bring great results for both companies.”
To find out more about the PXP Financial family of companies please visit: pxpfinancial.com.
ENDS
About PXP Financial Inc.
The end-to-end payment platform: PXP Financial Inc. provides a single unified payments platform to accept payments online, on mobile and at the point of sale. Powered by inhouse global acquiring, 200+ alternative payment methods & financial services, PXP Financial family of companies processes globally over EUR 21.5 billion annually through our unified gateway. Whatever your business needs today or tomorrow, PXP Financials’ innovative payment platform will support your business growth with all the payment services you will ever need from one source, wherever your business takes you. To find out more about PXP Financial family of companies , visit: pxpfinancial.com.
About Tipico
Tipico is a U.S. sportsbook originally founded in Europe in 2004. As the leading sports betting provider in Germany and one of the top sports betting companies worldwide, the company offers digital and mobile betting entertainment across 30 different sports and invests heavily in the development of technologies that make the sports betting experience better and safer, placing the highest value on player protection. Tipico Group Ltd. employs over 1,800 people worldwide and another 4,200 people working in the Tipico associated franchise network. In the United States, Tipico is regulated by the New Jersey Division of Gaming Enforcement and has established U.S. operations and business headquarters in Hoboken, New Jersey. Tipico has partnered with Ocean Casino and Resort in Atlantic City for New Jersey licensing. In Colorado, Tipico will be regulated by the Colorado Division of Gaming, and has partnered with Century Casinos for licensing. For more information, please visit www.tipico.com/us, or www.tipico-group.com.
