Paysafe Limited Stock Price, News & Analysis

Paysafe (NYSE:PSFE) has successfully acquired viafintech, a leading German fintech company, enhancing its position in the alternative payments sector across Europe. This acquisition allows Paysafe to expand its eCash offerings, integrating viafintech's innovative solutions, like mobile ATM services, into its portfolio. This strategic move is aimed at capitalizing on the consumer shift from traditional banking to digital solutions, positioning Paysafe as a key partner for challenger banks globally.

Paysafe Limited (NYSE:PSFE) will announce its third quarter 2021 financial results on November 10, 2021, before market open. A live webcast will follow at 8:30 a.m. ET, hosted by CEO Philip McHugh and CFO Izzy Dawood. Investors can access the webcast and additional information through the Investor Relations section of the Paysafe website. Paysafe is a leading payments platform with an annualized transactional volume of $100 billion in 2020, facilitating transactions in over 40 currencies.

Paysafe (NYSE: PSFE) has partnered with Bitrise, a Mobile DevOps company, to enhance its digital wallets Skrill and NETELLER. This collaboration automates core mobile processes, significantly improving app build efficiency and reducing costs by up to 50%. It allows Paysafe to release updates faster while maintaining high security standards. A survey revealed that 75% of sports bettors would change payment methods for quicker payouts, underscoring the importance of speed in iGaming. The partnership aims to optimize operational workflows, enhancing user experiences in payment processing.

Paysafe (NYSE: PSFE) has partnered with PlayUp to enhance player acquisition and retention in New Jersey and Colorado. By integrating Paysafe’s payments technology, PlayUp can provide diverse payment options for bettors, including digital wallets and eCash solutions. This partnership follows PlayUp's recent market entry in New Jersey and aims to leverage an affiliate program powered by Income Access. Paysafe's research indicates that U.S. bettors prioritize swift, seamless payments, positioning this collaboration as crucial for growth in the competitive online sports betting sector.

Paysafe (NYSE: PSFE) announced an upgrade to its Skrill USA digital wallet, enhancing the user experience for sports betting during the 2021 NFL season. Key improvements include instant deposits and payouts, streamlined registration, and a revamped interface designed for both casual and VIP players. The upgrades respond to findings that U.S. sports bettors prioritize seamless payment processes over brand loyalty. The new features aim to boost customer acquisition and retention for iGaming operators, positioning Skrill USA as a competitive player in the rapidly evolving U.S. market.

Paysafe (NYSE: PSFE) has expanded its partnership with ZEN.COM, allowing cash deposits via Paysafecash in 25 European countries. Users can deposit cash into their ZEN.COM accounts through a unique barcode generated in the app, valid for 72 hours, and credited within minutes. This cash loading option is designed to meet increasing consumer demand for secure and straightforward payment methods. The collaboration enhances ZEN.COM's offerings, already integrating Paysafe's prepaid solution, paysafecard, and the digital wallet, Skrill.

Paysafe (NYSE: PSFE) has partnered with INTRALOT to enhance payment options for Sports Bet Montana. This integration allows users to make deposits and withdrawals through a single API, offering various payment methods including credit and debit cards, ACH, and the Skrill USA digital wallet. The collaboration aims to optimize payment acceptance and increase revenue for the Montana Lottery's sportsbook. Paysafe's platform provides advanced reporting tools and robust security features, ensuring safe transactions for users.

Paysafe (NYSE: PSFE) announced a partnership with Fubo Gaming to integrate its payment solutions into the upcoming Fubo Sportsbook, expected to launch in Q4 2021 pending regulatory approvals. This collaboration will allow users to deposit and withdraw funds via various methods, including credit/debit cards and digital wallets like Skrill USA. The partnership aims to enhance the betting experience by combining user data from fuboTV with the sportsbook, transforming passive viewers into active participants, while expanding market access in several states.

Skrill USA has launched its first U.S. campaign featuring Diego Boneta, star of Netflix's Luis Miguel: The Series, promoting its zero-fee Skrill Money Transfer service to Mexico. Boneta appears alongside his siblings and adopted dog, highlighting the service's ease of use. The campaign emphasizes fast international transfers at competitive exchange rates, allowing users to send money to several countries, including Spain and Portugal. Skrill boasts a high user rating, with plans to leverage Boneta's fame to increase brand recognition.