Making Transactions Smoother with Innovative Banking Solutions

Groove Gaming, a tier-one online casino aggregator and solutions provider is taking payments to a higher level, thanks to a strategic agreement with Praxis. Determined to help companies achieve sustainable growth through more reliable payment tools, Praxis offers a range of handy solutions for improved efficiency in transactions.

It’s interesting to mention that the two companies have been collaborating for several years. This deal represents just the result of their mutual efforts in bringing more value to consumers. Both parties are committed to incorporating innovations into all sectors, especially payments, which is why this partnership confirms that they are an excellent match.

Milestone Partnership with Excellent Potential

As a result of the agreement, operators powered by Groove Gaming will gain access to Praxis’ payment library, which encompasses a wide spectrum of banking options, customizable payments, and advanced risk management tools. By utilizing those, companies will be able to maximize their revenue potential.

Yahale Meltzer, COO and co-founder at Groove noted that this alignment is the best proof that “working together is a WIN:WIN”. As he explained, the cooperation between the iGaming industry and the Fintech sector can contribute to building a positive business environment with continuous growth.

Meltzer concluded:

“As we scale further in 2023 we expect to see additional take-up on more sophisticated products that complement our robust technology."

Creating a Seamless Payment Experience for Customers

Offering over 525 PSPs and 1000+ APMs, Praxis enables businesses to take control of their operations and facilitate their payments seamlessly at the same time maximizing profits and cutting down costs.

By reducing high-risk processing difficulties, its smart cashier software speeds up business transaction approval rates. As Praxis’ tool handles payments, companies have more room to focus on other important aspects of their business.

Amit Klatchko, Co-Founder and Director of Praxis commented on the deal as follows:

“We look forward to making our smart cashier accessible to Groove's operators seeking to benefit from a complete payment solution that runs seamlessly on Groove’s enhanced technology stack. We are delighted that a major force like Groove sees the value in Praxis software."

Unstoppable Growth

At the time being serving over 500 casino brands, Groove Gaming joined the industry in 2016. Representing a one-stop shop for iGaming B2B, the company has an impressive portfolio composed of a next-generation platform, advanced technology solutions, and an easy-to-use self-service ecosystem.

Teamed up with over 100 top-performing studios, Groove Gaming offers a colorful selection of slots, table games, poker, and live casino products. Ensuring clients can enjoy a tailored experience, GG offers localized content. Some of the studios the aggregator cooperates with include the likes of EveryMatrix, iGP, Digitain, Spinomenal, Skywind Group, Revolver Gaming, BetConstruct, Alea, Progress Play, Evoplay, CT Interactive, and many more.

Confirming that security is among its top priorities, Groove was awarded an ISO27001 certificate. This acknowledgment demonstrates the company’s commitment to maintaining the highest level of sensitive data protection. Also, a couple of years ago, Groove was recognized as one of the 10 Best Technology Solution Providers of 2020.

Source:

“Groove partners with Praxis”, Groove Gaming press release, April 3, 2023.