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Paysafe appoints Chirag Patel to lead its Digital Wallets division

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Paysafe appoints Chirag Patel to lead its Digital Wallets division
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Former Santander and Amazon executive brings additional digital payments experience to the Paysafe leadership team

Paysafe, a leading specialized payments platform, today announced it has appointed international payments executive, Chirag Patel, as CEO of its global Digital Wallets business.  Patel will report directly into Group CEO, Philip McHugh, when he joins the company in early September.

Paysafe’s digital wallet solutions, which include Skrill and NETELLER, enable consumers to store, withdraw and make purchases in over 40 currencies from a virtual account as well as buy and sell interests in cryptocurrency and make international money transfers.   They are used by 3.5 million consumers around the world and generated $20.4 billion total payment volume in 2020.

Patel brings over 20 years’ experience of working in payments for high profile, global organisations.  He joins Paysafe from Santander Group where he was Global Head of Payments.  While there, he launched a global payments platform and significantly increased usage of the bank’s payments products and services.  Before Santander, Patel was Amazon’s Head of Payments, Europe and International Expansion, where he was responsible for the company’s product roadmap for emerging payments technologies and international payment expansion.  Before Amazon, he held senior executive roles in payments and financial services for other well-known financial institutions including Softcard (acquired by Google), American Express Services Europe Limited and Merchant Services Group Int.

Philip McHugh, Paysafe’s CEO, commented: “Chirag has an awesome track record as a high-performing payments’ executive and has successfully launched and grown multiple consumer-facing and B2B payments products and services around the world.  I’m thrilled to have someone of his caliber and energy-level to take our Digital Wallets business to the next level of growth.”

Chirag Patel commented: “I am really looking forward to joining the Paysafe team next month and to be given the opportunity to lead its exciting Digital Wallets business.  I believe there is enormous potential to extend the offering to more and more customers given Skrill and NETELLER’s worldwide presence, combined with Paysafe’s great technology and talented team.”

Patel replaces former Digital Wallets CEO, Lorenzo Pellegrino, who is stepping into a strategic advisory role for Skrill Limited.

McHugh added: “I’d like to add my sincere thanks to Lorenzo for the immense passion and drive he has shown over the past 15 years as he launched our digital wallet solutions around the world.  We now offer two of the most popular and sophisticated digital wallet brands on the planet and have strong foundations to continue building on as we grow the business.”

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Compliance Updates

NSoft’s MGA Recognition Notice: A Catalyst for Continued Growth and Innovation in iGaming

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NSoft's MGA Recognition Notice: A Catalyst for Continued Growth and Innovation in iGaming
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The European Gaming Congress (EGC) returns to Warsaw for 2024 on 15-16 October, and organizer HIPTHER is proud to introduce the conference’s esteemed Sponsors – trailblazing companies and accomplished professionals that help make the magic happen!
We are proud to introduce Pen and Paper Sponsor of the #EGC2024NSoft, and their MGA Recognition Notice – the catalyst for continued growth and innovation in iGaming!

The European Gaming Congress is now live in Warsaw at the Polonia Palace Hotel, and NSoft’s Senior Legal Adviser, Zora Vidmar Kurtović, is with us and looking forward to connecting with all attendees!

NSoft, a leading software solutions provider in the iGaming industry, has held the Malta Gaming Authority (MGA) Recognition Notice. Now, you might be wondering, “What’s the big deal about this recognition?” This esteemed recognition has been instrumental in NSoft’s sustained expansion into new markets and the successful launch of innovative gaming products. It’s been like a secret ingredient in their recipe for success.

 

The Significance of the MGA Recognition Notice

The MGA Recognition Notice is a formal acknowledgment by the Malta Gaming Authority of a B2B license issued by another competent authority within an EU member state. Holding this recognition signifies that NSoft adheres to the stringent regulatory standards set forth by one of the most respected regulators in the global iGaming industry. It reinforces NSoft’s reputation for integrity, compliance, and excellence in delivering high-quality gaming solutions.

So, what exactly is this MGA Recognition Notice? “Think of it as a gold star from the strictest teacher in school. The Malta Gaming Authority is kind of a big deal in the iGaming world, and when they give you a nod, everyone sits up and takes notice. This recognition basically says, ‘Hey, NSoft is legit. They’re playing by the rules and delivering top-notch gaming solutions’”, explains Zlatan Omerspahić, Head of Legal & Compliance at NSoft.

 

How the Recognition Notice Benefits NSoft

Now, you might be thinking, “Okay, but how has this actually helped NSoft?” Great question! This recognition has been opening doors left and right for them.

“It’s like having a VIP pass in the iGaming world. We have been able to expand into new markets smoothly, and all the big-shot operators out there love working with companies that have this kind of recognition. It’s all about trust, you see,” Omerspahić explains.

 

Sustained Credibility and Compliance

With the MGA Recognition Notice in place, NSoft has consistently demonstrated its commitment to upholding the highest operational standards. This longstanding recognition assures partners and clients that NSoft operates with full compliance to international gaming regulations, fostering trust and reliability in all business dealings.

Strategic Market Expansion

The recognition has been pivotal in enabling NSoft to:

  • Efficiently Enter New Markets: Streamline licensing procedures across multiple jurisdictions by leveraging the MGA’s esteemed recognition.
  • Forge Strong Partnerships: Collaborate with reputable operators who value regulatory compliance and premium gaming content.
  • Enhance Global Presence: Expand its reach to a wider audience, solidifying its position as a global leader in the iGaming sector.

 

Facilitating the Launch of Innovative Gaming Products

But NSoft isn’t just resting on its laurels. No sir! They’ve been busy cooking up some pretty cool games. The MGA Recognition Notice has allowed NSoft to seamlessly introduce a variety of cutting-edge gaming products to the market. Have you heard of:

Virtual Drag Races: Offering players an exhilarating virtual racing experience that captures the excitement of real-world drag racing.

Crash Cash Online: An engaging game that combines elements of strategy and chance, providing thrilling opportunities for substantial wins.

Casino Slots like Gold of Egypt and Fishy Guy: Immersive slot games that transport players to captivating worlds filled with adventure and rewards.

“The best part? Thanks to MGA Recognition Notice, we can roll out these games faster than you can say “jackpot.” Operators are quick to snap them up because they know they’re getting quality stuff that follows all the rules,” Omerspahić says.

 

Advantages for Product Deployment

Regulatory Assurance: Operators can confidently integrate NSoft’s games, knowing they meet the MGA’s rigorous standards.

Market Receptivity: Players in MGA-recognized jurisdictions are more inclined to engage with games from trusted providers like NSoft.

Swift Market Entry: The recognition facilitates faster introduction of new games to the market, enhancing competitiveness.

 

Ongoing Growth and Future Prospects

Building on the foundation provided by the MGA Recognition Notice, NSoft continues to experience robust growth, particularly in the areas of casino slots and virtual games.

“This MGA Recognition Notice isn’t just a piece of paper for NSoft. It’s more like a launchpad. It’s helped us build trust, expand our reach, and keep pushing the boundaries of what’s possible in iGaming,” Omerspahić notes.

The company remains dedicated to:

  • Innovation: Investing in research and development to create next-generation gaming experiences.
  • Industry Leadership: Pursuing awards and recognitions that highlight excellence in game design, technology, and customer satisfaction.
  • Expanding Collaborations: Establishing strategic partnerships to further extend its market reach and influence.

NSoft remains committed to leveraging the advantages of the MGA Recognition Notice to push the boundaries of what’s possible in iGaming. With a focus on quality, compliance, and innovation, the company is poised to continue its trajectory of success, bringing unparalleled gaming solutions to markets around the world.

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Conferences in Europe

Your Platform, Your Way: GR8 Tech Presents Customized iGaming Solutions at SiGMA Europe

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Your Platform, Your Way: GR8 Tech Presents Customized iGaming Solutions at SiGMA Europe
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GR8 Tech, an award-winning high-performance sportsbook and iGaming platform provider, will exhibit at SiGMA Europe on November 11-14, delivering a more exciting experience than ever before. Attendees can visit GR8 Tech at booth 2163, featuring an immersive, enhanced setup with a second floor dedicated to VIP meetings.

The business-focused team will showcase GR8 Tech’s ecosystem of solutions, including the flagship GR8 Sportsbook, the GR8 Casino, and a range of innovative standalone products such as CRM, Sportsbook iFrame, Feed, and Payment Gateway. Live demos will also be available, giving visitors a firsthand look at the capabilities and potential of GR8 Tech’s cutting-edge technology.

GR8 Tech will demonstrate the customization capabilities of its GR8 Sportsbook, highlighting the value it delivers to operators through a variety of options, including platform customization with widgets, geo presets, margin management, and more. Attendees will learn how GR8 Tech’s advanced recommendation models enhance the sports betting experience by offering personalized suggestions for events, bets, and content tailored to player preferences. GR8 Tech’s team will also show how operators can customize their platform with features like widgets, providing greater flexibility and control to optimize the user experience.

Secure your meeting with GR8 Tech in advance and explore how its high-performance, geo-tailored technology can elevate your iGaming operations.

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Australia

A-Leagues extends with Stats Perform, adds Opta Stream and Opta Search to deepen fan engagement and grow sponsor inventory for men’s and women’s competitions

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The A-Leagues, the top level of football in Australia and New Zealand, has extended its official media data partnership with sports AI and tech giant Stats Perform and added the new Opta Search and Opta Stream to unlock new sponsor inventory and deepen engagement for fans of its flagship men’s and women’s competitions.

Stats Perform’s trusted Opta data feeds, widgets and tools will continue to power A-Leagues’ official fan platforms including aleagues.com.au, the Official A-Leagues app and A-Leagues social media channels, including its popular YouTube videos.

The extended partnership sees the addition of Opta Stream, which is set to supercharge fan engagement and sponsorship across A-Leagues’ match centres by providing rolling, automated, sponsored visuals of real-time game stats, live text commentary, milestones and insights, powered by Opta data feeds.

It also includes Opta Search, the third part of OptaAI Studio, Stats Perform’s set of tools to put advanced sports storytelling at the fingertips of sports content professionals. Opta Search will enable A-Leagues’ editors, presenters and communications teams to enrich their coverage with enthralling milestones and insights across games, teams and seasons from Opta’s enormous statistics database.

Stats Perform’s products will be used across the Isuzu UTE A-League Men which begins on October 18, and the Ninja A-League Women which kicks off on November 1.

“Our leagues are rich in stories that Stats Perform and Opta make it easy for us to tell our fans, connecting them more deeply to our teams and players,” said Ned Negus, Chief Commercial Officer at the A-Leagues. “By leveraging Opta’s real-time data, insights and products, our content team will be able to showcase key statistics, player performances and milestones in a visually stunning and informative manner, and our commercial teams are delighted with the additional high quality inventory created for our sponsors.”

“We’re pleased to meet A-Leagues’ requirements for detailed, trusted, reliable data and products to drive fan and sponsor growth across the Isuzu UTE A-League Men and Ninja A-League Women,” said Steve Xeller, CRO at Stats Perform. “I’m particularly excited about their addition of Opta Stream and Opta Search – they’re among our newest AI-powered products and have already broken records for customers in Europe, boosting them to the top of search engines and attracting enormous user numbers. We can’t wait to see what they achieve for A-Leagues,” he added.

Opta Search is part of Stats Perform’s new OptaAI Studio, which also comprises Opta Graphics and Opta Live, used by pro teams, colleges, media and broadcasters across the world.

Together with Opta Stream, Opta Search leverages Stats Perform’s detailed, trusted Opta data feeds to help tell more vivid stories and uses automation and AI to empower large and small teams to be more productive, whilst growing sports audiences and sponsors.

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