Nuvei Corporation and 888 Holdings have expanded their already successful collaboration to the United States. Expansion on the American market has been essential for 888, and strong payment capabilities help progress that goal. According to the payment processor’s statement, 888 gets local payment options and boosted card acquisition.
This partnership isn’t new to the parties, as they’ve partnered since last year. Their first collaboration targeted the licensed Ontario, Canada, market. Nuvei’s technology, instantaneous bank-to-bank payments, deep regulated market knowledge, and optimized risk management are mentioned among the strengths 888 has found helpful.
Besides accepting deposits, 888 now supports instant withdrawals on its US gambling platform. Players can request an instant cashout from 888 to their banking card or Nuvei Instant Bank Transfer. It’s interesting to note that Nuvei’s solution is the first one that enables instant account-to-account transfers in and out of casino accounts in the US.
Industry experts haven’t been surprised by this new partnership.
These two companies have maintained a close relationship for over five years. In fact, Nuvei has supported 888 payments in Europe since 2018. In 2022, they expanded their collaboration on the Canadian market. More precisely, Nuvei assisted the 888 launch on the freshly regulated Ontario iGaming scene.
Nuvei is a Canadian fintech helping clients maximize their profit potential through seamless payment solutions. It’s present in over 200 markets and supports over 600 alternative payment options alongside 150+ currencies.
Noam Klivitzky, VP of US Marketing at 888, commented on the partnership expansion. He highlighted the importance of seamless and secure casino deposits and withdrawals for US consumers.
Klivitzky explained how 888 was committed to offering comprehensive iGaming experiences. That’s why they were excited to add the card-acquiring capabilities and Instant Bank Transfer solution supplied by Nuvei. The VP concluded his statement by pointing out that Nuvei had a “rich heritage” of helping operators maximize payment performance.
Philip Faye commented on Nuvei’s behalf. The company’s CEO and Chair expressed delight in continuing their relationship with 888. Faye further explained how Nuvei was thrilled to support 888’s American as well as global expansion.
Like Klivitzky, Nuvei’s CEO highlighted the importance of convenient payments and payouts regarding customer acquisition. Of course, he didn’t fail to mention the company’s decades of experience in this segment
While strengthening its position on the legal US market remains essential in the 888 Holdings strategy, global expansion is equally important too.
On August 1, the company announced that 888Africa had taken over BetLion as part of its growth plans for the African continent. BetLion has operated as a licensed operator in Zambia and Kenya since 2019. The brand is established among African consumers and had more than 3 million registered users at the time of the acquisition.
888 Holdings also revealed that Per Widerström will take over the Chief Executive Officer (CEO) position starting October 16, 2023. According to the group’s official statement, Widerström was the perfect candidate to support the brand’s growth plans.
888 Holdings is among the best-known gambling and betting companies in the world. Besides the flagship 888 brand, it owns the reputable Mr Green and William Hill products.
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With years of experience in the gambling industry, Milena is knowledgeable in the field of the casino world. She is responsible for most of the content that is written on AllOnlineCasinosList and her main goal is to provide casino players with the best information and recommendations to help users enhance their experience.