The payment expert will power Esports to take bets on competitive video games in the US

PXP Financial Inc, the expert in acquiring and payment services, today announces a new partnership with Esports Entertainment Group, a full stack esports and online gambling company fuelled by the growth of betting on competitive videogames and the ascendance of esports with new generations.

Esports Entertainment Group is an integral part of the global esports betting market which is expected to exceed $205bn by 2027. It has recently been approved by the state of New Jersey to become the US’ first betting company for competitive video games.

PXP Financial will offer gateway services including cards and cash at cage options allowing Esports customers to deposit or withdraw cash from an online real money gaming account. Adding to this, PXP Financial will also introduce a plethora of Alternative Payment Methods (APMs) for provisions such as instant bank-to-bank payments for pay-ins and pay-outs. PXP Financial’s acquiring services ensure that customers are connected to card schemes directly, without any intermediaries or excessive administrative efforts.

Betting within competitive video games is a section of the gaming industry that PXP Financial is well-equipped to be entering following its almost decade long experience supporting US gaming operations. The company’s consultative customer first approach, regulatory knowledge, and hands on service, along with sharing a similar approach to the industry play a key part in the partnership success to date.

Kamran Hedjri, CEO at PXP Financial Inc., says: “As betting on competitive video games is becoming increasingly popular, we are extremely excited to mark an industry first with our partner Esports Entertainment Group. They share our passion for innovation and ambition to offer the smoothest and most personalised services to the wide-reaching gaming community. As we continue our expansion into the US esports betting space, we will strengthen Esports Entertainment Group’s growth by supporting them with our advice and in-depth knowledge of the payments industry.”

Grant Johnson, CEO of Esports Entertainment Group, adds: “We couldn’t be more delighted to be working alongside the PXP Financial team with their vast knowledge of gaming payments and experience in the US market. We are confident, their services will take betting in gaming to the next level for our customers.”

Following the rising interest in congress for a separate esports bill, the next stop for the two companies will be in Ohio where Esports Entertainment Group will be the first and only operator to offer esports wagering in that state too.