LONDON – 15th March 2016 – Paddy Power Betfair, one of the world’s largest online gaming operators has chosen Worldpay, a global leader in payments, to provide payment processing services and gambling expertise for its online customers.
Understanding the needs of the fast-paced sports betting industry, Worldpay will provide Paddy Power Betfair with payments insights, knowledge and expertise to help grow its business and improve processing efficiencies – as well as supporting its global ambitions.
By working with more than 150 of the biggest names in the industry, Worldpay has accumulated a vast amount of regulatory and gambling industry experience that it has incorporated into its tailored products. This wide breadth of customers has given Worldpay an unparalleled view of consumer betting behaviour, which it uses to help gambling companies benchmark their performance, maximise payment acceptance and minimise fraud risk, all while lowering cost.
Ciarán Scallan, Director of Customer Payments & Fraud at Paddy Power Betfair, said: “It is vital for our customers to deposit and withdraw funds both efficiently and reliably. We continue to see fantastic growth, and with the football season coming to an exciting conclusion and the European Championships coming in the summer we were keen to add a trusted advisor to our payments infrastructure. ”
Scallan added: “We chose Worldpay for their incredible industry expertise and look forward to growing our relationship over the coming months and years.”
Peter Wickes, VP of Business Development for Gambling, Global eCommerce at Worldpay, said: “We process more gambling transactions than any other provider in Europe, and we pride ourselves on the market-leading expertise we offer to the gambling sector. Our ability to process payments at great volume is extremely valuable for bookmakers, and the unique insights we can offer Paddy Power Betfair through deep data analytics will play an important role in helping them secure their position at the forefront of the betting industry in the future.”
The Worldpay eCommerce Press Office: WorldpayeCommTeam@Golin.com
Worldpay is a leading global provider of payment and risk services, processing millions of transactions every day. We provide an end-to-end service including card acquiring, treasury, gateway, alternative payments and risk management, all of which can be provided with a single integration to Worldpay. We make global payments simple for many of the world’s leading organisations.
About Paddy Power Betfair
Paddy Power Betfair plc was formed in 2016 from the merger of two of the fastest-growing online betting operators in the world; Paddy Power plc and Betfair Group plc. Paddy Power is an international multi-channel betting and gaming group widely seen as one of the most distinctive consumer brands in Europe. Betfair is an innovative online betting and gaming operator which pioneered the betting exchange in 2000, changing the landscape of the sports betting industry. Paddy Power Betfair has a market-leading presence in the UK, Ireland, Australia and the USA, as well as a range of B2C and B2B operations across Europe.