PXP Financial Inc., the US subsidiary of PXP Financial Ltd., has announced its partnership with the US division of the global sportsbook operator, Tipico.
With this partnership, PXP has deployed a full-service gateway, offering multiple connections to different providers, and a fully managed service including reconciliations and a risk monitoring service for Tipico.
Adrian Vella, Managing Director, US Business, Tipcio, said: “PXP Financial’s proven experience in the regulated US market has been beneficial as we prepare to officially launch our sports betting app in New Jersey. Their innovative platform, which links our all-digital systems to retail cash-at-cage payments has been especially key.”
Since 2013, PXP has had gaming licenses in more than nine US states and with its solution’s approved in even more. The company’s knowledge of the region and its experience with multiple payment solutions in an all-in-one service will allow Tipico to support its own clients. The close and intensive relationship between Tipico and PXP means the two will be able to support each other in both parties’ US brand expansion.
Allen Ambrogio, Director of Operations, US Business, Tipico, added: “With 20 years of expertise processing payments for the gaming sector, the PXP platform will offer our customers the convenient deposit and withdrawal options they’re looking for. This will ensure a seamless experience when placing bets through the Tipico app.”
The partnership launched in New Jersey in October 2020 and PXP will be supporting the company as it expands its business into multiple states across the US.
Kamran Hedjri, CEO at PXP Financial Inc., stated: “We have had a great partnership with Tipico’s European branch and so have no doubt that they are also a great partner for us in our US venture. They are a fantastic brand in the industry, and we hope that our work together will bring great results for both companies.”