PXP Announce Alliance With US Division Of Tipico

The US subsidiary of PXP Financial Ltd., PXP Financial Inc., has announced its alliance with the US division of Tipico, the multinational sportsbook operator.

PXP has deployed a full-service portal with this collaboration, providing several links to various providers, and a professionally controlled service including reconciliations and a Tipico risk management service.

Tipcio, Managing Director, US Business, Adrian Vella, said: “PXP Financial’s proven experience in the regulated US market has been beneficial as we prepare to officially launch our sports betting app in New Jersey. Their innovative platform, which links our all-digital systems to retail cash-at-cage payments has been especially key.”

PXP has had gaming licences in more than nine US states since 2013, and many more with its solution accepted. Tipico will be able to help its own customers with the company’s awareness of the area and its experience with different payment solutions through an all-in-one operation. The close and intense relationship between Tipico and PXP ensures that in the US brand growth of both parties, the two will be able to support each other.

Allen Ambrogio, Operations Director, US Business, Tipico, added: “With 20 years of expertise processing payments for the gaming sector, the PXP platform will offer our customers the convenient deposit and withdrawal options they’re looking for. This will ensure a seamless experience when placing bets through the Tipico app.”

The collaboration began in October 2020 in New Jersey and PXP will help the company as it expands its business to several states throughout the United States.

The CEO of PXP Financial Inc., Kamran Hedjri, stated: “We have had a great partnership with Tipico’s European branch and so have no doubt that they are also a great partner for us in our US venture. They are a fantastic brand in the industry, and we hope that our work together will bring great results for both companies.”