PXP Financial Celebrates Three Consecutive Quarters of US Growth and Expands into New States

  • Payments
  • 20.09.2021 12:00 pm

PXP Financial, the global expert in acquiring and payment processing services, today celebrates three successful quarters of growth in the US iGaming and Sports Betting market.

At the end of 2020, PXP Financial was licensed to process payments in nine US states and now, following nine months of activity, the company has boosted that number to 15. Having been licensed in just one state in January 2020, this shows PXP’s remarkable drive for growth, with future plans for further states to be added to its growing portfolio. The latest states that PXP Financial now operate within include Arizona and Wyoming.

When launching in Wyoming, PXP Financial was able to enter the market and operate with immediate effect as soon as regulations in the state allowed it. In order to achieve this, PXP Financial utilised its experience operating in the country to fully prepare its payment service gateway and secure a state license ahead of the regulation launch. This meant any partner or customer of PXP Financial aiming to operate in Wyoming could do so as soon as it was legally allowed.

When discussing the growth of the US market, CEO Kamran Hedjri commented: “The US gaming market keeps on moving at an unbelievable speed and we at PXP Financial are at the forefront of this journey. The recent launches are another milestone on our mission to provide the biggest coverage and best payment solution to US gaming operators and their customers. To further this, in early 2022 we will be releasing an updated version of our cage deposit solution with new UI and optimised for mobile, amongst other features we will share soon.

Our strong focus on collaboration with our partners and clients has been the key to achieving our remarkable success.”

This celebration follows on from the recent partnership announcement between PXP Financial and B2B iGaming technology provider EveryMatrix. This partnership gives the latter access to PXP Financial’s wide portfolio of over 200 alternative payment methods and financial services, while introducing PXP to a new selection of Gaming Operators to help in the expansion of its US operations.

With more states on the horizon, PXP Financial is on track to break through all of its projected growth targets for the region.

To find out more about PXP Financial, visit: https://www.pxpfinancial.com.

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