Paysafe Announces Purchase of Income Access

Discussion in 'Good News - Bad News!' started by Marina, Sep 5, 2016.

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  1. Marina

    Marina Administrator Staff Member

    The leading provider of payment solutions, PaySafe said in a press release this week that it had acquired the affiliate technology provider, Income Access Group.

    Paysafe said that the $30 million purchase would greatly expand its product capability. Paysafe provides digital payments and transaction
    solutions to business and customers around the globe, enabling fast and secure transactions via digital wallets, pre-paid solutions and other products.

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    Income Access is a global technology and digital marketing business which services the gambling and gaming market at every level – from internet casino gambling to mobile gaming brands.
    Over 25,000 affiliates use Income Access’s multi-channel software to carry their marketing campaigns.

    The divisional chief executive officer of PaySafe, who heads the company’s Skrill and Neteller brands, Lorenzo Pellegrino said the Paysafe was always looking for ways to enhance the breadth
    of its product offering. He explained that by integrating Income Access’s industry-leading expertise within the company’s business, Paysafe would be able to expand its global affiliate network
    and embed its payment capabilities more deeply into the merchants it currently works with, and those that it will work with in the future.

    Also commenting for Paysafe was the company’s President and CEO, Joel Leonoff who said: “By adding Income Access’s affiliate technology to our product suite alongside our Skrill and Neteller
    brands and deepening our merchant relationships, this transaction delivers on Paysafe’s strategic objectives to provide relevant payment solutions that serve the evolving needs of our merchants.”

    Leonoff said that Income Access was an excellent fit for Paysafe’s business, predicting that the acquisition would help extend Paysafe’s leadership in niche-orientated payment solutions as the
    group adds value for its merchants and redefine the role of a payments provider in an increasingly competitive industry.

    The founder and chief executive officer of Income Access, Nicky Senyard was also available to comment on the lucrative deal signed between the two giants. Senyard said that Income Access’s
    technology and global affiliate network, combined together with Paysafe’s vast payments offering had the potential to create a winning combination for the benefit of existing and new partners.

    Despite the fact that PaySafe has acquired Income Access, this does not mean that it is the end of the road for Senyard as part of his company. It was announced in the press release that Senyard
    will remain on as Managing Director of the firm.

    Income Access has business relationships with some of the biggest names in the online gambling industry, among them Coral, Sportingbet, Betfred, Bet Victor and Jackpotjoy Casino.
    The company boasts award-winning software and works across all digital and offline channels.

    Paysafe, another big brand in the business provides services in over 200 countries around the world, allowing the transfer and management of money through over 100 payment types
    and 40 different currencies. Among the group’s brands, you will find Neteller, Skrill, MeritCard, PaySafecard, Payolution and FANS Entertainment.
     
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