Paysafe Limited Stock Price, News & Analysis

Paysafe has appointed Bruce Lowthers as the new CEO, succeeding Philip McHugh, effective May 1, 2022. Lowthers, a seasoned leader from FIS, aims to scale the company and enhance its payment offerings. Under McHugh's leadership, Paysafe went public and strengthened its operations. The firm reaffirms its revenue and adjusted EBITDA guidance for Q1 and full year 2022. Lowthers emphasized growth opportunities and delivering value to customers and shareholders as key focuses moving forward.

Paysafe (NYSE: PSFE) has expanded its partnership with betPARX, enhancing payment options for betPARX mobile apps in Pennsylvania and New Jersey. This collaboration allows users to make deposits using credit or debit cards via Paysafe's payment gateway. Additionally, betPARX users can utilize alternative payment solutions like Skrill USA and Paysafecash for transactions. The partnership aims to improve customer conversion and retention in key U.S. iGaming markets. Paysafe continues to establish its presence in the growing U.S. iGaming sector.

Paysafe (NYSE: PSFE) has officially launched its services in Ontario's new private iGaming market, providing payment solutions to operators. This comes after establishing a significant presence in Canada, with over 20 years of experience in online payments. The Ontario market, expected to generate gross revenues of C$1.86 billion by 2026, will allow players to use various payment methods, including credit and debit cards. Paysafe plans to introduce new iGaming payment products soon, signaling growth potential in North America's competitive gaming sector.

Paysafe (NYSE: PSFE) has partnered with Resorts World New York to process payments for its new mobile sports-betting app, Resorts WorldBET. This integration allows players to make deposits via debit cards and ACH while also facilitating quick payouts. Paysafe's platform enhances the mobile betting experience, catering to players' needs in New York. CEO Zak Cutler emphasized the partnership's potential to expand customer acquisition and revenue. The mobile app aims to tap into the growing sports-betting market, supporting events like college basketball playoffs and local NBA and NFL games.

Paysafe (NYSE: PSFE) has appointed J.P. Morgan as its core banking provider to enhance international payments settlement. This partnership will leverage J.P. Morgan's expertise in payments solutions, supporting Paysafe’s Integrated and Ecommerce Solutions business across the UK and Europe. Services will include multi-currency settlements and enhanced data analytics, aimed at boosting growth in key sectors like travel as it rebounds post-pandemic. Paysafe aims to create efficiencies and synergies with this collaboration, emphasizing a strong banking infrastructure for scalable solutions.

Paysafe Limited (NYSE: PSFE) announced that CEO Philip McHugh and CFO Izzy Dawood will participate in the Wolfe FinTech Forum on March 9, 2022, at 9:45 a.m. ET. The event will feature a virtual fireside chat, which can be viewed live on the Paysafe Investor Relations website. Paysafe is a specialized payments platform with over 20 years of experience, handling an annual transactional volume exceeding $120 billion in 2021. Their services include payment processing, digital wallets, and online cash solutions across 100 payment types in over 40 currencies worldwide.

Paysafe Limited (NYSE: PSFE) announced the appointment of Daniel Henson as non-executive chairman of its board effective March 1, 2022. Henson, with over 30 years of experience in capital markets and technology, succeeds William P. Foley II, who stepped down to focus on other commitments. Henson aims to leverage Paysafe’s specialized payment offerings for future growth. Under Foley’s leadership, Paysafe has made significant strides since its NYSE listing, and Henson is expected to elevate the company further.

Paysafe Limited (NYSE: PSFE) reported its Q4 and full-year 2021 financial results, with Q4 total payment volume at $31.5 billion, a 20% increase, and revenue of $371.7 million, nearly flat year-over-year. For the full year, total payment volume rose 22% to $122.4 billion, while revenue increased by 4% to $1,487 million. The company achieved a net income of $90.3 million in Q4, recovering from a loss in the previous year. However, the full-year net loss was $111 million. Paysafe has launched new partnerships and enhanced its market position in North American iGaming and crypto. Financial guidance for 2022 indicates revenue of $1.53 - $1.58 billion.

Paysafe (NYSE: PSFE) has announced a strategic partnership to facilitate online credit and debit card payment processing for Hard Rock Online Casino New Jersey. This collaboration enhances the gaming experience for New Jersey players, allowing secure and quick funding of player accounts. Additionally, through Paysafe’s integration with third-party ACH services, customers can access their winnings in real-time. The partnership highlights Paysafe's commitment to the iGaming sector and its ongoing relationship with Hard Rock as they explore further market opportunities.