Online business is playing an increasingly central role in modern-day life and is growing steadily, with the number of online payments also on the rise worldwide. Acquisition of the payment service provider Euro Payment Group (EPG) in 2014 paved the way to the Gauselmann Group’s entry into the financial services business segment.
EPG, based in Frankfurt am Main, Germany, specialises in globally secure, accredited and customisable online payment options in the areas of online payment, mobile payment and gateway services for online retailers. By extending its portfolio of payment methods, EPG has laid the foundation for further expansion in online retailing and digital entertainment. For example, the payment service provider offers Giropay, “Sofortüberweisung” (instant transfer), paysafecard, Neteller and Skrill as payment methods.
EPG has been certified as an EMI (E-Money Institution) since the beginning of 2018 and thus belongs to the group of electronic money companies. An e-account allows customers to carry out payments and withdrawals, either online or in cash. In addition, EPG offers a company-operated e-wallet in compliance with EU regulations.
The strategic goal of the Gauselmann Group is it to increase the customer benefit of payment transactions for the group’s offerings (online casinos and sport bets) through the integration of EPG’s services.
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