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Friday, March 31, 2023

Paysafe (NYSE: PSFE) Appoint J.P. Morgan as Core Banking Provider

Paysafe Limited (NYSE: PSFE) has confirmed the appointment of J.P. Morgan as its core banking provider. The global financial services firm’s work for Paysafe will be driven by its Payments business, which brings together cash management, payment solutions, and merchant services for corporate clients, financial institutions, and governments.

J.P. Morgan will assist Paysafe in offering reliable and scalable payment gateway and acquisition services to companies in a variety of industries where Paysafe has specialized solutions and expertise. Paysafe has created new and inventive methods to provide businesses with flexible and personalized services as the travel industry continues to reopen following the pandemic.

Furthermore, Paysafe also revealed that its global partnership with J.P. Morgan is strengthening as the two companies expand their collaboration across numerous contact points. In the areas of payments, lending, capital markets, trade finance, and escrow, the bank has established itself as a significant and valued banking partner for both companies. Working with J.P. Morgan’s unrivaled global integrated payments system made perfect sense for them, given their long history together.

In addition, scheme payment settlements, merchant payment flow management, foreign exchange, and multi-currency settlements, as well as better data insights and analysis, are among the established solutions that J.P. Morgan will supply to Paysafe. The services are built to be scalable to accommodate future growth and expansion.

J.P. Morgan Payments expressed its excitement at being chosen as Paysafe’s banking partner since the company would be able to use its innovative payment solutions to give the best payment options for their customers. J.P. Morgan is happy to be always innovating to meet the changing world of payments technology.

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