ONLINE GAMING PAYMENT SOLUTIONS
Gigadat celebrates five-year partnership with Hexopay
Canadian payment solution giant, Gigadat, has been specialising in the digital finance for more than 35 years and have developed a prominent stature in the Canadian Market. Since, they have collaborated with internal companies to expand their operations overseas, including UK-based payment orchestrators, Hexopay.
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ince 2019, the partnership between Gigadat and Hexopay has flourished in providing advanced payment solutions for merchants in Canada, which sparked through Gigadat’s release of their trusted payment method, Interac e-Transfer and Interac Online. Deriving from these two methods, Interac2Pay was born, covering electronic and online payment method services, and becoming a top financial service provider of hundreds of online Canadian Casinos.
Specialising in gambling and managed risk sectors since 2017, Hexopay are committed to ensuring digital payments are easier and safer for international buyers and sellers. It has been acquiring connections through global markets to suit the needs of every desired payment method, including Canada’s best known local debit network, Interac. As well as that, Hexopay hold a useful Electronic Money Institution (EMI) license, which recognises them as a single-layer payment platform, with a unified, all-in-one solution for merchants.
The eGaming and social gaming industry is a rapid expanding market and is a global business which requires extensive attention for businesses to offer customised merchant accounts. Specifically, gamers are constantly looking for sites and solutions to process their online banking payment solution needs without the worry of digital fraud, which is an ever-so growing hurdle for online businesses. With both parties looking into their respected futures, Guy Fietz, Group CEO at Gigdat Inc commented: “Our continuing relationship with Hexopay Is a cornerstone of our commitment to offering secure and recognised Canadian payments experiences, we look forward to working together for many more years, while expanding our respective client bases. “We are confident in their extensive online payment experience and are looking forward to the synergies between our global management teams to maximise conversions for all their merchants.” Ensuring secure transactions and developing new payment solutions are on both companies’ agendas, Hexopay’s contribution to the
Canadian market, also highlights their efforts to progress globally. “We are proud to partner with Gigadat to offer our payment solutions in the North American markets,” stated Bryan Blake, Founder and CEO at Hexopay. He also further commented on Hexopay’s vision to ‘professionally expand their efficient payment orchestration platforms for a range of partners and clientele.’
Amid the online gaming industry, every company is actively trying to integrate new online payment solutions to keep their marketplaces secure. However, the rising issue of online fraud lingers throughout the industry. AU10TIX released insights from Q1 of its Global Identity Fraud Report 2024, which states that the online gaming industry’s share of fraud has increased by more than 250% since the end of 2023. This significant trend in large-scale organised identity fraud, highlights the importance of implementing a flexible and secure online payment solution. Hence, businesses will be fighting against chargebacks and will be trying to ensure consumers safety.
“Our collaboration with Hexopay has been instrumental in solidifying our leadership in the iGaming industry,” said Fietz, commenting on Gigadats’ iGaming involvement. “For years, we have provided innovative, secure, and efficient payment solutions that cater specifically to the unique demands of this sector. This partnership enables us to continually enhance our services, ensuring that our iGaming clients can offer a seamless and reliable payment experience to their customers. We are excited to further our contributions to this dynamic industry through our ongoing work with Hexopay.” There are several factors that have been growing the demand for companies to strengthen their digital payment software and collaborations, such as the rise of e-commerce and mobile payments, as well as contactless payments becoming ever-so convenient following the pandemic. There is a key word used there, convenience. This not only relates to the consumers seeking a quick and effortless process, using their digital wallets, nor are they just trying to stay hygienic. It is also prominent for businesses through the speed of transactions and reduced cost of streamlining transactions through digital payment solutions.
10 JUNE 2024 GIO
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