Worldpay secures payment services agreement with Paddy Power Betfair

FTSE listed global payments provider Worldpay has secured a major services agreement with newly merged online betting/gaming enterprise Paddy Power Betfair.

The agreement will see Worldpay service payment processing services for Paddy Power Betfair assets. Furthermore, Worldpay management stated that the operator would use its services to gain additional payment insights, user learnings and operational efficiencies.

Worldpay a leading payment provider within the European igaming and betting, secures its first major services agreement since floating on the London Stock Exchange this March

Peter Wickes, VP of business development for Gambling, Global eCommerce for Worldpay commented on the Paddy Power Betfair agreement

“We process more gambling transactions than any other provider in Europe, and we pride ourselves on the market-leading expertise we offer to the gambling sector,”

“Our ability to process payments at great volume is extremely valuable for bookmakers, and the unique insights we can offer Paddy Power Betfair through deep data analytics will play an important role in helping them secure their position at the forefront of the betting industry in the future.”

Ciarán Scallan, director of Customer Payments & Fraud at Paddy Power Betfair;

“We chose Worldpay for their incredible industry expertise and look forward to growing our relationship over the coming months and years.”

“We continue to see fantastic growth, and with the football season coming to an exciting conclusion and the European Championships coming in the summer we were keen to add a trusted advisor to our payments infrastructure,”