Nigerian online gambling soars to $500 million! Smartphones + financial technology leverage Africa's largest growth market.

In 2025, Nigeria's online gambling market is experiencing a historic boom. According to the latest industry report, the market size for online gambling alone is expected to reach $500 million this year, with a year-on-year growth rate of 16%, an increase of $100 million from 2023. This astonishing g

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Paysafe launches its first digital wallet in Latin America, with Peru as the strategic pilot, focusing on instant payments and QR code transactions.

Paysafe, a payment technology company, has officially launched its first digital wallet product in Latin America, "PagoEfectivo Wallet," in Peru, marking a key step in its digital financial layout in the region. This product supports user top-ups, shopping, peer-to-peer transfers, and instant paymen

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Three more companies have obtained gambling supplier licenses in the UAE.

According to local media in the UAE, three more companies have obtained gambling-related supplier licenses in the UAE.As of now, the UAE Commercial Gambling Regulatory Authority (GCGRA) has issued such licenses to five companies.Aristocrat is the first international slot machine and online technolog

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OKTO and Microgame partner to boost recurring payments in the Italian PVR market

OKTO is pleased to announce a strategic partnership with Microgame, a leading provider of online gaming platforms in Italy. This collaboration extends OKTO's innovative open-loop solution, OKTO.WALLET, to the PVR (Punto Vendita Ricariche) market, offering Microgame's operator partners a fully compli

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Paysafe's revenue increased by 9% to $439.9 million in the second quarter.

Paysafe released its financial data for the second quarter of 2024, demonstrating overall growth across the business.Second Quarter PerformanceThe payment platform reported a revenue of $439.9 million for the period, up 9% year-over-year, with all business segments experiencing growth.Merchant Solut

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BetMGM – In an interview, Liron Warhaftig stated that payment innovation is the "most promising" financial innovation.

Liron Warhaftig, Vice President of Payments, Risk, and Fraud Prevention at BetMGM, stated that instant payments and digital wallets remain the most "promising financial innovations" in the igaming sector.Warhaftig gave an interview to a payments expert prior to the SBC Summit in Lisbon, which he wil

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Skrill announced as the official partner for Chelsea Football Club's preseason tour.

Payment provider Paysafe announced that its digital wallet brand Skrill has become the official sponsor of Chelsea Football Club’s preseason tour. Originally established in 2001, and part of the Paysafe Group, the payment platform aims to enhance its brand visibility on the North American cont

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Indonesian Minister Setiadi takes firm stance to eradicate online gambling

Indonesian Minister of Communications and Information Budi Arie Setiadi announced that his department has blocked 1.9 million online gambling websites from July 17, 2023, to May 21, 2024. The Ministry of Communications and Information also asked the Financial Services Authority (OJK) and

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