Paysafe strengthens Canadian iGaming presence with Ontario launch

Paysafe, a leading specialized payments platform, has announced that it has gone live in Ontario’s expanded regulated online gaming market, which launched on April 4, to provide payment support to private iGaming operators in the province.

Paysafe has longstanding payments partnerships with the majority of Canadian provincial government-operated iLottery and gaming brands, and is now powering payments for leading operators in Ontario’s new private market.

The company, which has roots in the city of Montreal and over two decades of experience in iGaming payments, has processed online payments for the Ontario Lottery and Gaming Corporation (OLG)’s since its launch in 2015.

Now, it has bolstered its presence in Canada’s most populous province by extending its multi-state U.S. payment partnerships with a range of operators into the Ontarian market. Among others, these partners include PointsBet Canada and theScore Bet, both of which launched their offerings once the curtain was raised in Ontario on April 4.

Through a single, streamlined integration with Paysafe, these online sports betting and casino brands will be able to offer Ontarian players deposit options via credit and debit card, with all transactions processed seamlessly by Paysafe’s payment gateway. The gaming brands’ connectivity to Paysafe will also allow them to offer players the full suite of the company’s alternative payment methods, including its eCash solutions.

Paysafe is scheduled to unveil new iGaming payments products and operator partnerships for the Ontario market in the coming weeks. Its integrated platform offers solutions geared toward mobile-initiated transactions, real-time analytics, and the convergence between brick-and-mortar and online payments.

Zak Cutler, CEO of North America iGaming at Paysafe, said in a news release: “Today’s launch of the new, expanded Ontarian iGaming market marks a milestone for the North American industry and our global company, which has its origins in Canada. Ontario will likely rival the largest U.S. state iGaming jurisdictions when it reaches maturity, and we look forward to facilitating payments for operators and their Ontarian customers to help the market grow to its full potential.”

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