Payment solutions providers Paysafe Group and Emerchants have joined forces to provide white-labelled pay-out card solutions to gaming operators in Europe.
Paysafe, a principal member of MasterCard, has been approved by UK’s Financial Conduct Authority to issue e-money in the European Economic Area region.
Paysafe said that its issuing capabilities will help Emerchants Europe deliver Europe’s gaming operators a branded pay-out card, which can be used by consumers to instantly access their online betting winnings.
Further, the pay-out card can also be used by consumers to re-bet instantly by moving funds back to their gaming account in real time.
The card can be used in-store, online, or to withdraw money at ATMs.
Emerchants Europe managing director Stuart Green said: "A quicker, easier pay-out experience increases consumer engagement which in turn boosts customer loyalty and retention. We are therefore delighted to be working with Paysafe as the leading payments provider in the gaming space."