Africa
Betway Provides Solar Powered Kiosks to 10 Fintech Point of Sale Operators in Lagos
Nigeria’s premium online and gaming brand, Betway, is making a significant impact on the lives of entrepreneurs and small business owners in Lagos. The brand has announced its support for 10 Fintech point of sale (POS) operators in the city with solar powered kiosks to aid their businesses. This is part of the company’s commitment to support small businesses and entrepreneurs in Nigeria.
Understanding the pain that these POS operators go through daily due to the power situation in the country and their lean business capital that makes acquiring a power-generating setup a difficult necessity for most of them, the solar-powered kiosks are equipped with a solar panel and inverter to ensure that the Fintech POS operators have access to reliable and efficient power supply. This will enable them to conduct their transactions with ease and provide an enhanced customer experience. The kiosks are also weatherproof and can withstand harsh environmental conditions, making them suitable for use in any location.
Betway has been at the forefront of supporting communities, small businesses, and entrepreneurs in Nigeria. In 2022, the company supported flood-ravaged communities in Bayelsa state with a donation of ₦5,000,000 in food supplies and daily needs products, the distribution of which was coordinated by the Bayelsa State Emergency Management Agency in conjunction with the National Emergency Management Agency. The brand’s CSR initiatives have made a significant impact on the lives of people in these communities.
Otunba Kunle Olamuyiwa, Chief Operations Officer for Betway in Nigeria, said: “We are committed to supporting small businesses and entrepreneurs in Nigeria. Our focus is on empowering these businesses to thrive and contribute to the growth of the economy. The solar-powered kiosks will help these Fintech POS operators to operate more efficiently and serve their customers better.”
Otunba Olamuyiwa further said that many of the POS operators do not have good enough kiosks or shops to do their businesses with lots of them operating under umbrellas and being at the mercy of the weather. He noted that for the beneficiaries of the kiosks, this will be a great upliftment and their businesses will surely thrive better than before.
The Fintech POS operators who have received the solar-powered kiosks expressed their gratitude to Betway for the support. They noted that the kiosks have improved their businesses and enabled them to provide better services to their customers. They also commended the betting company for its commitment to supporting small businesses in Nigeria.
Larry, one of the beneficiaries and a Polytechnic graduate who went into the POS business because he could not secure employment after graduating from the higher institution, said: “I am still in shock, and I have not yet fully realised the fact that I now have a state-of-the-art kiosk to do my business. I saw the video requesting that any POS operator in Lagos who is in need of one should indicate so on Betway’s Twitter handle, and I immediately took the step of faith and asked my friends to support me so I could be selected. I am indeed grateful to Betway for this support.”
Dotun Adepegba, Marketing Manager for Betway in Nigeria said that this initiative is in line with Betway’s Corporate Social Responsibility (CSR) efforts to support the development of small businesses in Nigeria. According to him, the company is committed to making a positive impact in the lives of people in the communities where they operate.
“We did not stop at giving the beneficiaries kiosks to enhance their businesses, we also ensured that they passed through a short financial training program that will allow them run their businesses profitably,” he said.
This is the second contract extension between Kambi and Sunbet.co.za since the partnership was first established in 2017
Kambi, the world’s trusted sports betting partner, has announced a long-term extension to its multi-channel sportsbook partnership with Sun International, a leading African gaming and hospitality company and operator of South African betting brand Sunbet.co.za.
The latest agreement builds upon the successful collaboration in 2017 when the partnership was first established. The extension will see Kambi’s market-leading sports betting technology and services continue to power Sun International’s online sports operations. This will ensure continued support for the operator’s ongoing growth and expansion plans.
Through the extended partnership, Kambi will continue to provide Sun International with its comprehensive suite of cutting-edge sports betting technology and services, including its award-winning sportsbook platform, sophisticated pricing and trading capabilities, and its award-winning Bet Builder product. This will further empower Sun International’s Sunbet.co.za brand to maintain its position at the forefront of the South African online sports betting market.
Veena Dhesi, Kambi’s SVP Partner Success, said: “We are pleased to further extend our successful partnership with Sun International who have established themselves as one of the leaders in the African gaming industry. Since 2017, we have been proud to play a part in supporting their continued success and this long-term commitment is a testament to both the strength of our product and the level of service we can provide to our valued partners.”
Simon Gregory, Sunbet CEO, added: “Sunbet is delighted to continue our journey with Kambi. Their best-in-class sportsbook technology has been instrumental in our growth as one of South Africa’s leading online sportsbooks. This extended partnership will provide us with the technology and support we need to keep innovating while offering our customers a leading betting experience.”
The post Kambi Group plc agrees long-term sportsbook partnership extension with Sun International appeared first on European Gaming Industry News.
SOFTSWISS, a leading software supplier for the iGaming industry, announces its successful South African certification. The company has secured a Letter of Certification (LoC) from the National Regulator for Compulsory Specifications (NRCS) for its Casino Platform and Sportsbook, now certified under the South African B2B manufacture licence.
This licence was initially obtained by Turfsport, a seasoned South African software supplier with 35 years of industry experience. Earlier this year, SOFTSWISS strategically acquired a major stake in Turfsport, aligning their product portfolios. With this certification, SOFTSWISS expands its offerings in the burgeoning South African market.
Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, comments: “South Africa will be one of the key markets for SOFTSWISS in the coming years. It has immense potential, driven by increasing internet penetration, lower mobile internet costs, and affordable mobile devices. Additionally, the local audience shows a strong interest in gambling, which further supports our decision to expand here.”
According to the InfoQuest survey, sports betting is the most common form of gambling in South Africa, with people placing bets on sports about 12 times a month on average. Casino gambling and horse betting are most popular on weekends, while lottery and online betting happen throughout the week because they are easily accessible online. The survey also reveals that the average gambler engages in three different types of gambling multiple times a month, underscoring the significant role of gambling in South African society.
The recently published SOFTSWISS South African market review highlights a growing interest in esports and fantasy sports, particularly among younger, tech-savvy demographics. Statista reports that 51% of South African survey participants are interested in esports betting, while the National Gambling Board (NGB) notes that 39% are inclined towards fantasy sports betting, especially in popular sports like soccer, cricket, and rugby. These trends align with global patterns and suggest a promising future for these sectors in the region.
The comprehensive SOFTSWISS South African market review is available for free and offers valuable insights into these emerging trends.
About SOFTSWISS
SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform, and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.
The post SOFTSWISS Expands in South Africa with New Certifications appeared first on European Gaming Industry News.
Golden Matrix Group, a leading developer and licensor of online gaming platforms, systems, and gaming content, has announced that its subsidiary, Meridianbet, has been granted a sports-betting license in South Africa.
The Western Cape Gambling and Racing Board issued Meridianbet a Bookmaker License, a Bookmaker Premises License and a Manufacturer License.
These licenses will enable Meridianbet to operate online sports betting across South Africa, showcasing the company’s regulatory compliance and fit-and-proper status within South Africa’s stringent licensing regime. The Manufacturer License also permits Meridianbet to license its proprietary sports betting software within the Western Cape region.
Expansion into South Africa
“We are thrilled to enter the South African market, and this new license presents a significant opportunity for us to continue to scale our operations,” said Zoran Milosevic, CEO of Meridianbet. “Expanding our reach into South Africa will provide new opportunities to grow our user base in an entirely new jurisdiction, underscoring our ongoing commitment to growing our industry-leading brands around the world.”
A Growing Market
The South African digital gambling market has exhibited significant recent growth, with total revenue projected to reach $828.50 million by the end of 2024, according to Statista. The market is expected to grow at a compound annual growth rate (CAGR) of 5.77% from 2024 to 2029, resulting in a projected market volume of $1.1 billion.
Market Impact and Economic Contribution
This market expansion supports Meridianbet’s consistent operational growth and dedication to innovation within the global iGaming sector. The South African market is positioned as a significant player in the global landscape, with the sports-betting sector contributing significantly to the country’s economy, accounting for 50% of gross gambling revenue. In the 2023 fiscal year, gross gambling revenue (GGR) in South Africa totaled $2.42 billion, according to Moneyweb.
The post Meridianbet (Golden Matrix Group) Granted South African Sports-Betting License appeared first on European Gaming Industry News.
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