back Back

PXP Financial arrives in Canada

By Edlyn Cardoza

April 08, 2022

  • API
  • Canada
  • Card Solutions
Share

 PXP Financial, Sports Betting, Canada, Ontario, New Jersey, Online Gaming, API, Card Solutions, iGaming Ontario, USAPXP Financial Inc., the US subsidiary of PXP Financial Ltd., an expert in global acquiring, payment, fraud, and data analysis services, has recently announced its arrival in Canada.

Ontario is the next key territory for sports betting since New Jersey became one of the first states to legalise sports betting and online wagering after a 2018 Supreme Court decision. As the largest populated province in Canada, representing 40% of the population, it is the ideal base from which PXP Financial can help shape the future of online gaming in the country.

PXP Financial supports sports betting and gaming companies with its expansion plans by providing an all-in-one, full-service gateway solution and service with a single API integration that connects all alternative payment and card solutions across multiple US states and Canada.

This makes managing the payment process across multiple territories simpler while rolling out, as there is no need for various integrations.

Commenting on the announcement, Kamran Hedjri, CEO at PXP Financial, says: “After our success launching across the USA, Canada seems like the next natural step for our continued growth. Sports betting in Canada is expected to increase by billions in the next five years and our launch into Ontario is set to be the blueprint for a new online gaming framework, which will set the trend for overall gaming regulation in Canada.”

The announcement comes as the government of Ontario officially launched its new online gaming market, including online casinos and esports betting sites, on 4 April. iGaming Ontario (IGO), a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO), introduces new standards for gaming operators. Ontario is the first province in Canada to permit private companies to operate online gaming. The provinces of Alberta and Saskatchewan are also taking steps to open up the market to private sector businesses.

Previous Article

April 08, 2022

i2c partners with PingPong to power B2B Mastercard credit offering

Read More
Next Article

April 08, 2022

StepEx has agreed to a world-first deal with Barclays backed Anthemis

Read More








IBSi Daily News Analysis

March 22, 2024

API

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 28, 2024

5 Major FinTech Acquisitions announced in March 2024

Read More

March 28, 2024

Tempo France suspends classical remittances, to focus on DeFi

Read More

March 28, 2024

Qonto unveils its first in-house financing offer, ‘Pay later’

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023