Paysafe Limited Stock Price, News & Analysis

Paysafe (NYSE: PSFE) has expanded its payment processing and affiliate services into the Louisiana and Oregon mobile sports betting markets. The company's partnerships with major sportsbooks like Caesars Entertainment (NASDAQ: CZR) and DraftKings (NASDAQ: DKNG) are set to capitalize on a projected annual market handle of $5.1 billion in Louisiana. By leveraging its affiliate software, Paysafe aims to enhance customer acquisition and revenue growth for sportsbook operators, marking its presence in 20 states including Washington, D.C.

Paysafe Limited (NYSE:PSFE) will announce its fourth quarter and full year 2021 financial results on March 2, 2022, before the market opens. The company will host a live webcast discussing the results at 8:30 a.m. ET that same day, accessible via their investor relations site. With over $100 billion in annualized transactional volume in 2020 and a strong workforce of approximately 3,400 employees, Paysafe continues to innovate in payment processing, digital wallets, and online cash solutions.

Paysafe (NYSE:PSFE) has completed the acquisition of SafetyPay, enhancing its position in the rapidly growing Latin American eCommerce market. This strategic move follows its recent purchase of PagoEfectivo, positioning Paysafe as a leading provider of open banking and eCash solutions in the region. SafetyPay's extensive bank network, covering over 90% of banks and over 180,000 cash collection points in 11 countries, will create significant cross-selling opportunities across Paysafe's business units, driving long-term growth.

Paysafe (NYSE: PSFE) has expanded into New York's regulated sports-betting market, enhancing its role as a leader in North American iGaming payments and affiliate marketing. This follows significant growth in 2021 and the upgrade of its Skrill USA digital wallet for iGaming. The New York market is projected to reach $1 billion in annual revenue, contributing to a broader strategy of supporting gaming brands across 18 U.S. states. The recent changes aim to strengthen Paysafe's competitive position as the online gaming industry continues to evolve.

Paysafe (NYSE: PSFE) reveals that 55% of crypto owners in the U.S. and U.K. prefer receiving their salaries in cryptocurrency, driven by investment sentiment and financial flexibility. The research indicates a growing belief in crypto as the future of finance, with 54% of respondents agreeing on its dominance. However, 70% have faced doubts, and 59% feel the lack of practical applications limits crypto's potential. Optimistically, 60% expect broader online acceptance of crypto payments in the next year. The insights come from a survey of 2,000 crypto owners.

Paysafe Limited (NYSE: PSFE) disclosed that Cannae Holdings, Inc. (NYSE: CNNE) purchased approximately 5.7 million shares of its common stock for about $22.2 million in December 2021. This acquisition increased Cannae's holdings to 59,758,641 shares, representing 8.26% of Paysafe's outstanding shares. The announcement follows a previous report of Paysafe leadership purchasing approximately 737,000 shares in late 2021. The transaction aims to reflect Cannae's confidence in the direction of Paysafe.

Paysafe Limited (NYSE: PSFE) announced significant stock purchases by its executives, including CEO Philip McHugh, who acquired approximately 290,000 shares for around $1 million on December 3, 2021. Additionally, other executive officers and independent Board members bought about 447,000 shares totaling approximately $1.8 million between November 12 and December 3, 2021. These purchases indicate confidence in Paysafe's future, aligning with its mission to enhance payment solutions globally, boasting a transactional volume of $100 billion in 2020.

Paysafe (NYSE: PSFE) reports that 71% of U.S. small and mid-sized businesses (SMBs) now have eCommerce checkouts, with 19% diversifying online during the pandemic. Despite the rise of contactless payments, 89% still accept cash, with 90% planning to continue. The research reveals that 73% of SMBs accept contactless payments while 12% have begun accepting cryptocurrencies. CEO Afshin Yazdian emphasizes the need for SMBs to diversify payment options to meet consumer demand. The report suggests an ongoing preference for physical stores even as online sales increase.

Paysafe Limited (NYSE: PSFE), a specialized payments platform, announced that CEO Philip McHugh and CFO Izzy Dawood will participate in the Cannae Portfolio Conference on December 8-9 in Las Vegas.

Paysafe is scheduled to present on December 8 at 11:40 a.m. PST. A live webcast of the event will be available on the Paysafe Investor Relations website and archived for a limited period. With over 20 years of experience and $100 billion in annualized transactional volume in 2020, Paysafe supports over 70 payment types in more than 40 currencies globally.