Paysafe Completes Acquisition of Germany’s viafintech
Paysafe Group is ready to occupy over the human race of online payments for the gaming industry. It already has a strong front inward several markets, and at present it’s completed the acquisition of another.
In August, Paysafe proclaimed that it would land viafintech, the Germany-based fellowship behindhand Viacash, into its portfolio. That acquisition has now been completed.
viafintech manages a web of 20,000 sales points and has over 20 retail partners. Its technology lets customers retreat 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 make become division of Paysafe’s eCash team, headed by Udo Müller.
Becoming component of the Paysafe Group will help us build on our business organization achievements to date and quicken our future tense ontogenesis as Europe’s number one, non-banking, cash-in/cash-out infrastructure,” Seifert said.
viafintech was founded inward 2011 and offers a “mobile ATM.” This permits users to urinate deposits or move back hard cash from digital bank accounts using a barcode inward a retail store. This is comely a popular alternative for some gamers, because transactions can follow through without submitting personal information. It’s also handy, as brick-and-mortar banks reduce their physical front in some cities.
Paysafe Expansion Gives it Global Awareness
The acquisition of viafintech may live a vital relocation for Paysafe’s worldwide expansion. viafintech is a leading marketplace society in Deutschland and is pose inwards fivesome other European countries. It operates under the identify of Barzahlen/Viacash inward Federal Republic of Germany and Austria, and Viacash inward Italy, Greece, Switzerland, and Spain.
“Becoming division of the Paysafe Group will help us to build on our business organization achievements to engagement and speed up our futurity development as Europe’s number one, non-banking, cash-in/cash-out infrastructure,” Sebastian Seifert, cofounder and managing managing director of viafintech.
Paysafe has had a presence inward Frederick North America for the yesteryear 20 years. In 2006, Paysafe withdrew from the US market to comply with the UIGEA (Unlawful Internet Gambling Enforcement Act). However, it returned to the realm when it won the RFP to provide defrayal solutions for the Loto-Québec. That’s a provincial top corp mandated to control businesses which are nonessential to the military operation of a State casino inwards the responsibility of Quebec, Canada.
After the go through inwards Canada, the society was in a salutary attitude to reenter the US. In 2013, the company started regulating online casinos and poker game inward Nevada, New Jersey, and Delaware. With the repeal of the Professional and Amateur Sports Protection Act (PASPA) inwards 2018, Paysafe began offering operators defrayment solutions.
Today, Paysafe is a partner of 75% of US gaming operators in 17 states.
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