Russian mobile game developer Playtox has announced an agreement with WorldPay. Under the terms of agreement the payments processor will offer a payment gateway and merchant acquiring services to Playtox.
Playtox develops multi-platform browser-based multi-player mobile games for various devices and mobile operating systems. It is the largest gaming portal in Russia with over 23m million registrations. CEO Artem Zinoviev has put the decision to partner WorldPay for processing down to a need for reliable services and a need for expertise in the market.
“As consumer demand for alternative payments increases, Playtox’s employment of WorldPay’s alternative payments and gateway service provides the perfect foundation to grow internationally,” said Phil McGriskin, chief product officer for WorldPay.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more