What's Going On With Paysafe Stock?

Paysafe Limited PSFE shares traded higher on Monday. The company announced a new partnership with micro-betting app Betr.

What To Know: American professional boxer and social media influencer Jake Paul's Betr app allows players to place bets on the results of every individual moment in a sporting event.

With the integration of Paysafe's payment gateway, players in Ohio and Massachusetts can now securely deposit funds into their account using a complete range of payment methods.

"We're proud to partner with Betr, which shares Paysafe's own dedication to product innovation and driving the broader evolution of the U.S. sports-betting space," said Zak Cutler, President of Global Gaming at Paysafe.

"We look forward to supporting the growth of Betr in Ohio and Massachusetts as well as future states by providing the operator and its customers on-the-go with an unparalleled payment experience that befits the impressive UX of the Betr app."

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PSFE Price Action: Shares of PSFE closed Monday up 4.41% at $12.30, according to Benzinga Pro.

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