PXP Financial’s full-service gateway will be supporting the expansion of BetMGM across the U.S. after the two companies inked a new agreement.
PXP Financial Expands US Reach
PXP Financial Inc., announced on Wednesday this week that it inked a partnership agreement with BetMGM, the joint venture between Entain and MGM Resorts. PXP Financial Inc. is in fact the US subsidiary of PXP Financial Ltd. The company is an expert on the global market in terms of acquiring payment, data analysis, and payment services.
Previously, PXP Financial supported the expansion plans of the sports betting operator and provided a state-of-the-art, all-in-one payment solution, and service. Now, under the new agreement, PXP will be providing its full-service gateway which will ease the expansion of BetMGM on the U.S. market.
Furthermore, BetMGM’s single API integration is supported by PXP Financial which allows the seamless connection of all alternative payment and card solutions in multiple U.S. states. This process eases the launch of BetMGM’s offering in multiple states without the need for additional integrations. So far, BetMGM has launched the full-service gateway by PXP across seven states including Michigan, Indiana, Pennsylvania, Tennessee, New Jersey, Colorado, and West Virginia.
A Rewarding Partnership
In a statement, Kamran Hedjri, CEO at PXP Financial Inc., deemed the partnership with BetMGM as “rewarding“. He added that PXP has worked incredibly easy with BetMGM given that the two companies are pushing “against the tight deadlines we outlined for ourselves“. In conclusion, Hedjri said that there are exciting new things on the horizon and that PXP is looking forward to having a bright future with this partnership.
“Our partnership with BetMGM has been a very rewarding undertaking for us.”
Kamran Hedjri, PXP Financial Inc. CEO
Recently, PXP Financial expanded its presence in the U.S. market by inking multiple strategic partnerships with gaming companies. Early in November, the company announced a partnership with the global sportsbook operator Tipico. Under the partnership, PXP deployed its full-service gateway for Tipico. Furthermore, again in November, PXP announced another key partnership with Penn International.