Industry News
Paf adopts Swish for faster customer transactions in Sweden
Paf adopts the popular payment method Swish used by 6.7 million Swedes. In the first month of the newly-regulated Swedish gaming market Paf has adopted what is said to be the fastest payment method available in Sweden.
Swish uses mobile telephone numbers to make transfers and is currently used by around 6.7 million Swedes and 180,000 business.
Paf CEO Christer Fahlstedt says: “Swish is without doubt the favourite way for Swedes to transfer money. Our site already offers Swedish players games they can’t get anywhere else. And now our Paf gaming account also offers the speediest payments available. We fully expect the strong growth we experienced in Sweden in 2018 to continue.”
Paf has been operating online in Sweden for 18 years and was granted the maximum possible 5 year licence for the newly-regulated market beginning 1 January 2019.
About Paf:
Paf is a Nordic gaming company founded on Åland in 1966 to generate profit for the benefit of society. We were one of the very first gaming companies to go online in 1999. Many of our games on Paf.com are exclusive to Paf and developed by our in-house Games Studio. We are an award-winning industry leader in responsible gaming. Our physical gaming operations include over 30 cruise ships criss-crossing the Baltic and North Seas.
Paf has roughly 400 employees representing over 30 nationalities. Our offices are located on Åland, in Helsinki, Stockholm, Riga, Tallinn, Oslo, Norrköping and Madrid. Paf (Ålands Penningautomatförening) is licensed and controlled by the Government of Åland.
In 2017, the Paf Group had a total revenue of 116.5 million euros and a profit of 29.4 million euros.
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