Paysafe Group is ready to submit o'er the man of online payments for the gaming industry. It already has a strong presence inwards several markets and not it’s completed the acquisition of another.
In August, Paysafe announced that it would get viafintech, the Germany-based keep company in arrears Viacash, into its portfolio, and that acquisition has at present been completed.
viafintech manages a web of 20,000 sales points and has o'er 20 retail partners. Its technology lets customers recede money from their online banking accounts using a barcode.
FinTech Companies Gain Ground on Banks
The terms of the acquisition haven’t been made public. However, the managing directors of viafintech, Sebastian Seifert, Achim Bönsch and Andreas Veller, have got go component part of Paysafe’s eCash team, headed by Udo Müller.
Becoming parting of the Paysafe Group will help us build on our byplay achievements to engagement and speed up our futurity development as Europe’s keep down one, non-banking, cash-in/cash-out infrastructure,” Seifert said.
viafintech was founded in 2011 and offers a “mobile ATM.” This permits users to do deposits or retreat hard currency from digital bank building accounts using a barcode in a retail store. This is decorous a pop alternative for some gamers because transactions canful follow through with(p) without submitting personal info and as brick-and-mortar banks reduce their physical front inwards some cities.
Paysafe Expansion Gives it Global Awareness
The acquisition of viafintech may follow a critical displace for Paysafe’s global expansion. viafintech is a leading securities industry companionship in Federal Republic of Germany and is submit in cinque other European countries. It operates below the epithet of Barzahlen/Viacash inward FRG and Oesterreich and Viacash inward Italy, Greece, Switzerland and Spain.
“Becoming component part of the Paysafe Group will help us to establish on our business concern achievements to particular date and speed up our future ontogenesis as Europe’s number one, non-banking, cash-in/cash-out infrastructure,” Sebastian Seifert, co-founder and managing manager of viafintech.
Paysafe has had a presence in North America for the past tense 20 years. In 2006, Paysafe withdrew from the US securities industry to abide by with the UIGEA (Unlawful Internet Gambling Enforcement Act). However, it returned to the neighborhood when it won the RFP to render defrayment solutions for the Quebec Loto.
After the go through inward Canada, the troupe was in a serious office to re-enter the US. In 2013, the companionship started regulating online casinos and poker inward Nevada, New Jersey, and Delaware. With the repeal of PASPA in 2018, Paysafe began offering operators defrayal solutions.
Today, Paysafe is a partner of 75% of US gaming operators in 17 states.