High-risk payment processor PXP Financial provides payment services to BetMGM in the U.S.

PXP Financial website
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FCA-regulated High-risk payment processor PXP Financial Limited is systematically developing its partner network to enter the attractive U.S. market. In December 2020, the company announced a partnership with MoneyNetInt Group, also FCA-regulated, to expand cross-border payments with the U.S. and Europe. Now it has partnered with U.S. gaming operator BetMGM, a joint venture between MGM Resorts and Entain (formerly GVC). PXP Financial used to be part of the British Entain group until December 2016 and is currently a Singapore-based Senjō Group member company.

Senjō Group, a global payments operator and FinTech investment firm, acquired PXP Financial (previously Kalixa) for a total consideration of €29.0 million from Entain in 2016/17. Kalixa was one of the leading high-risk payment processors and processed transactions worth €11 billion annually for more than 800 merchants in 2016. It was rebranded PXP Financial in 2018 and received a new management team in 2019. According to its website, the company processes more than €21.5bn annually for more than 1,000 merchants.

Sources: PXP Financial, The Payers

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