SafetyPay, Latin America’s largest payment network, has joined forces with Betcris, the region’s biggest sport betting and iGaming company.
The two companies announced the partnership Thursday (Sept. 30), saying SafetyPay’s alternative payment methods will let players make online deposits and cash payments using banks or cash collection points.
“More regions legalizing sports betting, combined with the COVID-19 pandemic forcing casinos to close and many people to stay at home, sparked a sharp rise in online games and betting in all forms,” the companies said in a news release. “It is projected that the global online gambling market will be valued at more than $92.9 billion in 2023, almost doubling the current market size: $59 billion.”
SafetyPay says it gives online casino operators a quick, convenient payment method to non-card holders and customers who choose not to share their credit card details online out of concerns about fraud.
The partnership will give Betcris players the option to pay for games or bets through a bank transfer or cash instead of using a debit or credit card, without having to share personal information or details.
“By accepting alternative forms of payment powered by SafetyPay, Betcris expands its customer base by providing access to people around the world that either do not have credit cards or have them but do not want to use them online,” Gustavo Ruiz Moya, CEO of SafetyPay, said in the news release.
“Powering secure payments is a core focus for SafetyPay,” Moya said. “Using the latest technology, we’re able to better protect our customers — both consumers and merchants — and provide the best experience when they transact online.”
SafetyPay operates in 18 countries and runs the largest payment network in Latin America, integrated with more than 90% of the region’s banks.
Read more: Digital Payment Firm SafetyPay Teams With LatAm’s Rappi
Last year, the company announced a partnership with Rappi, an eCommerce firm that provides customers in Latin America with a marketplace for a wide range of products, including meals, beverages, tech merchandise, supermarket items and medicine.
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