Euronet Worldwide has signed an agreement granting it minority ownership in Las Vegas-based fintech company Marker Trax
Euronet Worldwide has signed an correspondence granting it minority ownership inwards Las Vegas-based fintech fellowship Marker Trax.
Marker Trax offers a digital gambling casino marking system, providing a cashless alternative to the traditional cassino marker.
But spell this comes amid a full general trend towards cashless payments, Euronet is predicting bounteous things for this keep company inward particular, whose digital marker system it claims is “disrupting the multibillion-dollar gaming industry.”
And this financial statement isn’t without grounds. Marker Trax claims to experience signed contracts or live in “advanced discussions” with more than 150 casinos.
This in style(p) investment funds doubtless comes as a voter turnout of trust from Euronet, who antecedently licensed its REN payments political program to Marker Trax inwards September, powering the company’s system of rules during its initial deployments
“Euronet and REN have ever thrived inwards transaction-rich environments and this opportunity with Marker Trax provided a strategic opportunity for us to spread out our stage business as comfortably as theirs,” said Kevin Caponecchi, Executive VP and CEO, epay, Software and EFT Asia Pacific Ocean Division at Euronet.
“From the beginning, we experience treated our relationship with Marker Trax as a partnership and not only as a technology licence.
“Watching the rapid adoption of the Marker Trax solution has been real exciting and we are even out to a greater extent enthused to follow an invested player inwards their futurity success.”
The Marker Trax answer includes a peregrine app and website which casino patrons tin enjoyment to go for for a marker, replacing the manual marker-issuing unconscious process casinos have got historically used.
Gary Larkin, Chief Strategy Officer at Marker Trax, said: “Despite the tremendous demand for this production and extremely large size of it of the market, our confidence to encounter our customers’ needs has ne'er been higher because of the velocity and scalability the REN payments political platform provides to the Marker Trax solution.”