Paysafe enters the bag: here are the latest news

Home » Paysafe enters the bag: here are the latest news

Paysafe enters the bag. This is the big news of the financial group that recently confirmed the joint venture with the Foley Trasimene Acquisition Corpnull The Spac Paysafe merger, or the Special Purpose Acquisition Company was approved in a special meeting of Foley Trasimene shareholders in late March. The new company is called Paysafe Limited And it is listed starting from the end of March to the New York Stock Exchange (NYSE).

At the helm of the new group there will be William P. Foley II, founder and president of Foley Trasimene. These, in fact, will play the role of president of the new Paysafe Board of Directors when he enters the stock exchange. Paysafe's management team Philip McHugh, instead it will be the CEO and therefore will continue to be at the top of the new reality.

Paysafe: a point of reference for the betting sector

Paysafe enters the bag, but what exactly is it? It is a specialized payment platform with millions of customers scattered all over the world. In his holding we find various brands on the financial market very important and used. Among these, for example, it is impossible not to mention Skrill, Neteller e paysafecardnull The first two are e-wallets, while the last one is a payment system based on scratch cards to buy both online and in traditional stores and to be used for virtual purchases.

Are among the most used payment systems also in the world of gambling online, since they allow to maintain maximum confidentiality. Furthermore, they guarantee security thanks to the fact that the players who use them must not disclose their personal and banking datanull It is enough that they insert their email or scratch number regarding Paysafecard.

By now all online casinos have in their range of payment methods these systemic have quickly spread among American players. Now that Paysafe enters the bag Certainly its reliability will continue to grow and more and more players will begin to use its payment systemsnull And this is also the hope of the new president as we will see shortly in his declaration.

The statements about the fact that Paysafe enters the stock exchange

William P. Foley at the end of the Spac Paysafe merger said: "We are excited to complete this merger with Paysafe and I am personally happy to continue working with Philip, Blackstone and CVC and with the entire advice while we continue to implement our growth plan. Paysafe has the right teams, teams and strategy to capitalize on an extraordinary opportunity for the creation of long -term value in the payments sector, especially in igaming that in the United States is really starting to grow significantly”.

Philip Mchugh, CEO of Paysafe, said: "The closure of this transaction and our listing on the New York Stock Exchange represent a milestone for Paysafe and to get to this point today testifies to the hard work and dedication of our team all over the world. We are excited to undertake the new phase of the growth path as a listed company”.

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