PXP Financial Inc, the US subsidiary of PXP Financial Ltd, a provider of global acquiring, payment, fraud, and data analysis services, has expanded its presence into Canada.
As the largest populated province in Canada, PXP Financial notes that Ontario is the ideal base from which it can “help shape the future of online gaming” in the country.
Kamran Hedjri, CEO at PXP Financial, commented: “After our success launching across the USA, Canada seems like the next natural step for our continued growth.”
PXP Financial delivers a “state-of-the-art, all-in-one, full-service gateway solution and service” to sports betting and gaming firms with a single API integration that links all alternative payment and card solutions across multiple territories, making the payment process simpler to roll out since there is no need for multiple integrations.
“Sports betting in Canada is expected to increase by billions in the next five years and our launch into Ontario is set to be the blueprint for a new online gaming framework, which will set the trend for overall gaming regulation in Canada,” added Hedjri.
Back in January, Hedjri provided SBC Americas with three predictions for the US sports betting and igaming industry in 2022, including an uptake in regulation, bigger investments leading to better tech, and igaming continuing to ‘boom’.