Payment technology partner Nuvei Corporation announced an agreement with Wplay, a pioneer in online gaming in Latin America. The provider will offer the platform and acquisition technology for the operator’s Colombian payments and will continue to expand across Latin America.
Wplay was responsible for nearly half of all online gaming revenue in Colombia and incorporated Cashier de Nuvei. With access to more than 450 alternative payment methods, Wplay can offer the most popular options with local gamblers and strengthen player acquisition and retention through faster, more transparent payments and a smooth user experience.
Through the integration, Wplay can also benefit from the company’s value-added services. including fraud prevention and risk management solutions through a single connection.
Wplay offers extensive betting services
Wplay offers a wide range of betting services on its platform, including casino games, betting on world events and a bookmaker for more than 50 traditional sports. C.As a result of the agreement, users of these various services will deposit and withdraw their funds through Cashier, a product that reflects Nuvei’s vast experience in the iGaming industry around the world.
In addition to Visa and Mastercard, users can take advantage of the company’s extensive portfolio of alternative methods. Wplay users also benefit from the company’s real-time charging capability for instant funding.
“Nuvei Cashier has proven that it converts more, increases adoption rates, and makes deposits and payments easier. By accepting local debit and credit cards, as well as alternative local payment options, Wplay can provide its users with easy access to their preferred payment method. “. Said Yuval Ziv, Nuvei’s managing director for digital payments.
“In addition, our integrated risk management solutions and integrated eKYC capabilities for fast onboarding of players enable Wplay to maximize revenue and minimize potential fraud.”
The global online gambling market has grown in recent years
The global regulated online gambling market has grown significantly in recent years with an annual growth rate of more than 10%. Operators in Latin America in particular are seeing rapid volume growth, and KPMG research suggests that the segment is already worth more than $ 2.1 billion. Nuvei’s strong platform and industry expertise was instrumental in preparing Wplay to capitalize on the segment’s explosive growth across Latin America.
“This agreement with Nuvei will help us maintain the security and usability of our platform as we scale and maintain the level of service our customers have come to expect.”said Julio César Tamayo, President of Wplay.
“Now that we are working with a globally recognized payment partner who can also tailor their services to the needs of our local market, we are more confident than ever about our future.”
Wplay was founded in 2017 and was the first company to receive a license from the Colombian gaming authority Coljuegos. Today, Wplay has more than 1,600,000 users in this country, almost half of the total market. With 7,000 outlets across Colombia and sponsorship agreements with eight Liga Águila football teams and the National Olympic Team, the company’s brand is recognized by 35 million sports fans across the country.