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J.P. Morgan Payments has made a strategic investment in the game payment platform Sightline Payments. The two organizations will collaborate to create an integrated omnichannel solution for resort and online gaming enterprises. J.P. Morgan Payments stated that the investment will enable it to become a leading merchant acquirer of Sightline’s Play+ ecosystem, facilitating consumer access to games and entertainment at US-licensed online gaming businesses.
Sightline co-founder and co-CEO Omer Sattar said in a press release: “We are confident in our strategic partnership with J.P. Morgan Payments to provide gaming industry customers with a unique mobile user experience and drive the digital transformation of gaming operators. make it possible.”
Sightline said he will expand its Play+ product in 2021 to support cashless gaming at casinos. The offer allows consumers to deposit funds into a secure account for use with over 80 Sightline partners in the sports betting, lottery, horse racing, online and brick-and-mortar casino markets. Sanjay Saraf, his Head of eCommerce and Marketplace at J.P. Morgan Payments. “This investment will bring J.P. Morgan Payments to gaming and resort spaces in the coming months.”
Sattar said in her PYMNTS interview with Karen Webster, published in August 2021, that the entire live and online gaming metaverse will converge, with Sightline enabling a variety of real-time, touchless payments and withdrawals over time.
“If you have a single mobile app with a single account tied to your loyalty, you can spend your money on sports and games,” Sutter said, adding that consumers can access sports arenas, slot machines and games. He added that money could be spent at the table.Retail merchandise or food and beverages.