JPMorgan invests in two gaming payments companies

Content Team 1 year ago
JPMorgan invests in two gaming payments companies

JPMorgan said it’s investing in two gaming organisations – Tilia and Sightline – to demonstrate its “commitment within the space and vision for the future.”

JPMorgan prioritising next-generation technology and payments in gaming sector

Both companies operate within the payment space. JPMorgan didn’t provide financial details of the investment.

“Businesses can use integrated payment solutions to grow greater marketplace experiences, resulting in a higher quality and quantity of third-party providers and more options for consumers by enabling faster, safer and lower-cost virtual wallet transfers,” the official announcement said.

Sanjay Saraf, Head of eCommerce and Marketplaces Solutions added that sector-specific contextual software is critical in order to fuel any payments ecosystem to create a unique user experience and also to transform the revenue potential for buyers.

Tilia is an all-in-one payments platform that handles payment processing, in-game transactions and payouts to creators within games, virtual worlds, and mobile application development. 

JPMorgan said it will collaborate with Tilia in order to boost its current capabilities throughout its all-in-one payments processing platform.

Completion of a funding round following JPM strategic investment

Sightline specialises in payments technology for the regulated gaming industry.

“As part of this deal, Sightline will work with JPM Payments to develop an integrated omnichannel solution for resort and online gaming companies, serving the resort, entertainment, and lodging ecosystem,” the companies said in the press release. 

JPMorgan confirmed that “this is only one part of a multi-channel payments deal the company is planning within the gaming and resort space in the coming months. 

Sightline Co-founder and Co-CEO Omer Sattar said the company should always work on protecting clients’ money and that a strategic relationship with JPMorgan Payments will enable it to deliver a unique mobile-user experience for gaming industry patrons and to power the digital transformation for gaming operators.

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