PXP Financial to Power Kindred with Fintech
PXP Financiala global procurement, payment, fraud and data analytics specialist, has announced a new partnership with the leading gambling operator Family group.
Under the agreement, Kindred, which operates 9 gaming brands, will leverage PXP Financial solutions to strengthen its business. The payment processes provided by PXP Financial are robust, reliable and, according to the company, never degrade the gaming experience.
PXP Financial offers a single unified payment platform to accept payments online, on mobile and at the point of sale. Its solutions are powered by proprietary procurement, over 200 alternative payment methods and financial services, which allow it to process over 22.7 billion euros a year.
PXP Financial currently has a significant market share in the US. Bolstered by the rapid growth of the region’s gambling industry, the company now offers seamless and reliable payment solutions to a range of gambling operators.
PXP Financial believes that smooth transactions are integral to gambling and noted that statistics show that 49% of players tend to deposit more if they have better withdrawal options.
The deal will expand PXP Financial’s presence in the US
Kamran HedjriPXP Financial’s CEO, speaking about the deal with Kindred, said his team is “ideally placed” to help Kindred Group cut costs and improve revenue while increasing player satisfaction.
Hedjri added that the current deal is a big opportunity for his team since Kindred is one of the most influential players in the United States.
Kindred Group is an extremely well-respected brand in the industry and this partnership is not only an opportunity to meet all payment needs, but further expand our footprint in the US.
Kamran Hedjri, CEO, PXP Financial
Michael Marceau, Kindred Group’s director of payment solutions, also commented on the deal. He said that PXP originated in the gambling industry and is therefore a reliable platform that will help Kindred make its payments flexible, instant and global.
We have been working with PXP Financial for some time and have been impressed by their team’s proactivity and gambling expertise. We are now excited to get the partnership underway and see how it can improve the customer journey.
Mickael Marceau, Director of Payment Solutions, Kindred Group
Speaking of Kindred, the company just launched its proprietary platform in New Jersey. The launch will support the company’s US-facing operations, as Kindred plans to roll out the platform in other states where it also has a presence.
