The specialists in global acquiring, payment, fraud and data analysis services, will link with BetMGM, the joint venture between MGM Resorts and Entain, in order to elevate the firm’s expansion ambitions.
Kamran Hedjri, CEO at PXP Financial, stated: “Our partnership with BetMGM has been a very rewarding undertaking for us. BetMGM has been incredibly easy to work with as we both push against the tight deadlines we outlined for ourselves. There is a lot of exciting stuff on the horizon and we look forward to a very bright future for this partnership.”
The partnership comes after PXP Financial, earlier in the year as it supported the operator’s growth with all-in-one payment solution and service, the expansion of the partnership means the firm will now be utilising its full-service gateway to support further expansion across the US.
PXP’s full-service gateway has already been deployed with BetMGM across seven US states including Tennessee, Indiana, New Jersey, Colorado and West Virginia, Pennsylvania and Michigan.
Increasing its presence in the US gaming market since 2013, PXP Financial has recently announced a stream of other strategic partnerships with gaming companies including Penn International and Tipico.
At the Betting on Sports America – Digital Conference, Hedjri was asked about the difference between the US and the European market, he outlined his belief ‘one of the things is in the US as we touched upon it is the different regulations and also the number of the payment options in Europe there are more varieties of the alternative payments options to the US.’
He added: “The US has got maybe a card and a wallet and a few others, once that we have on the horizon, that’s something that is picking up and there is going to be more. The other one is actually the issue around the conversion rates on the card processing and the rejections of the cards.”