Worldpay clinches Paddy Power Betfair payments deal

CMA grants clearance to Betfair-Paddy Power mergerGlobal payments provider Worldpay has entered into a services partnership with recently merged betting operator Paddy Power Betfair.

Under the deal, Worldpay will provide service payment processing services for the company’s various assets.

Worldpay, which began floating on the London Stock Exchange this month, will also enable Paddy Power Betfair to use its services to gain further insight into payments, user learnings and operational efficiencies.

“We chose Worldpay for their incredible industry expertise and look forward to growing our relationship over the coming months and years,” Paddy Power Betfair’s director of customer payments and fraud, Ciarán Scallan, said.

“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.”

Peter Wickes, vice-president of business development for gambling, global e-commerce at Worldpay, added: “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.”

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