SOFTSWISS fuels global strategy with new South Africa licence

SOFTSWISS is making strides into the South African market thanks to a new certification for its casino platform and sportsbook offering. 

Both of SOFTSWISS’s verticals are now licenced under a Letter of Certification (LoC) issued by the National Regulator for Compulsory Specifications (NRCS), allowing the company to compete in the country’s B2B marketspace. 

This comes months after SOFTSWISS announced that it has completed the strategic acquisition of a major stake in South African software supplier Turfsport, positioning itself for success in the regional market prior to being granted the licence. 

A survey conducted by market analyst InfoQuest shows that the most common form of gambling in South Africa is sports betting, with locals placing around 12 bets per month on average. Casino gambling on the other hand takes first place in terms of popularity during the weekends.

Another review of the South African market, this time released by SOFTSWISS, reveals that there is also a growing interest in esports and fantasy sports, especially among the younger generation  

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, commented: “South Africa will be one of the key markets for SOFTSWISS in the coming years. It has immense potential, driven by increasing internet penetration, lower mobile internet costs, and affordable mobile devices. 

“Additionally, the local audience shows a strong interest in gambling, which further supports our decision to expand here.”