Innovation in the financial sector keeps revealing new opportunities in developing industries. As some forms of online gambling spread in Australia, there’s a need for reliable payment solutions to process online transactions. Few business methods require taking custody of customer funds, so it’s crucial that inbound and outbound transfers are fast, easy, and convenient.
Purchasing the PaySafe Card prepaid voucher to casino online in Australia has become one of the most popular payment options in the gambling sector. Paysafe, being the parent company of Skrill and Neteller, positions itself as a digital wallet provider. No wonder it has become the global payments leader in the iGaming industry. By supporting gambling sites like AussieOnlineCasino, sportsbooks, and esports resources, it has established brand-new partnerships with sports betting companies in Australia and all over the world. Just let us prove that it’s true.
Paysafe’s Big Opportunity
Gambling is a controversial industry, which makes the Australian authorities hesitant to loosen restrictions on its practice. But offshore online casinos feel pretty comfortable operating on the local market. They are not subject to stringent restrictions, with no legal acts forbidding them so far.
Altogether, online gambling in Australia gives one billion of revenue. And it’s expected to get even bigger by 2026. Some of the largest online casinos in the world offer Paysafe’s Skrill and Neteller products as valid payment methods.
In 2021, Paysafe increased its commercial partnership with Flutter Entertainment to integrate Skrill and Paysafecard into its Fox Bet subsidiaries. Over the last decade, Paysafe has strengthened online transactions for Flutter’s global brands like Pokerstars and Betfair.
The company is also monitoring new entrants as well. Skrill is strengthening payments for Australia-based bookmaker PointsBet. And Paysafe has already taken over the U.S iGaming payments segment. It seems that Paysafe developers are pretty active in their business affairs.
Financial Nuances
Paysafe became public in 2020 after a successfully submitted deal with Foley Trasimene Acquisition Corp. II. This is when the company’s revenue demonstrated expiring growth in the major digital segments.
The company’s expansion into the world gambling industry encouraged 66% growth. At the same time, its eCash segment provided 60% revenue growth within the same period, determined by a partnership with Microsoft’s Xbox platform.
Why Should You Go for It?
The Australian government is not planning to place online gambling into a legal field. So, local players have to deal with offshore resources that remain at their disposal. For these purposes, Paysafe remains a great long-term payment platform, especially since the stock is down 25% since it went public.
With the market cap reaching almost $8 billion, Paysafe is expected to provide a profit of $0.06 per share this year. It’s incredibly close to break-even efficiency. Meanwhile, experts claim that the earnings growth will reach 200% in 2022.
After all, Paysafe can be viewed as an experienced payments company that’s already dealing with the biggest online providers in the world. Being well-equipped, it can easily benefit from the growth in the digital gambling and gaming community. And this is what makes it a great choice for future prospects.
Of course, you can check the best 10 online casinos that accept POLi payments in Australia. If you are not satisfied with Paysafe at OnlineCasinoAussie, it’s good to have some smart alternatives.
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