Online Gambling's Bwin.party Kalixa Joins with Millicom

Published Saturday, September 13, 2014 - Online-Casinos.com
Online Gambling's Bwin.party Kalixa Joins with Millicom

In May of this year the online gambling service provider Bwin.party Digital Entertainment announced that its wholly owned subsidiary, Kalixa Payments Group had acquired PXP Solutions, a private company with a 27-year track record in the card payment processing sector.

Now Kalixa, has announced it will enter into a joint venture with Millicom Inc. which offers a range of digital services to over 50 million customers primarily under the Tigo brand in 14 markets in Africa and Latin America. Its online partnerships are active in 33 markets. The 50:50 joint venture will develop a payments service provider for emerging markets in Africa and Latin America. Operations are scheduled to begin in Colombia and Brazil later this year with Kalixa and Millicom each making an initial investment of $4m and appointing two directors each to the joint venture’s board. Services will include a payment gateway and point of sale solutions for merchants as well as a one-click payment and e-Wallet provision for online customers. This end-to-end payment solution will offer cross-platform, multi-device services.
 

The joint venture will benefit from Millicom’s existing reach across Africa and Latin America through its high-profile ‘Tigo’ infrastructures. Tigo provides a range of digital services including mobile communications, pay TV and platforms offering entertainment, mobile money, internet and broadband. The joint venture will also draw on Kalixa’s experience of providing a full range of payment services, including issuing, acquiring and acceptance solutions to over 8,000 merchants across 100 markets.

CEO of Kalixa, Ed Chandler, commented, “This joint venture is part of our three-year plan to grow the Kalixa group and leverage its strong technology and payment processing capabilities to increase shareholder value. As developing markets, Latin America and Africa represent a combined $1.78 trillion opportunity for the payments industry.”
CEO and President of Millicom, Hans-Holger Albrecht, also commented, “Working with Kalixa will enable us to offer a complete digital payments service in markets where e-commerce is growing rapidly and where we already have a strong presence. It is a great combination of our respective expertise.”

 

Related news

Return to Latest News