Chorus Pay agrees payments deal with NetCents

Chorus Pay has entered into an exclusive licensing agreement with NetCents Technology.

Under the deal, Chorus will be able to use the NetCents processing platform to process transactions in the betting and gaming industry.

Chorus Pay said it is the first digital wallet exclusively designed for the betting and gaming market, and has already signed letters of intent with various major brands across the industry.

The firm added that it is due to begin integrations with these companies over the next couple of months and further details will be released in due course.

Anthony Taylor, chief executive of Chorus Pay, said: “The betting and gaming industry is moving to digital payments and we needed a solution that was advanced and adaptable; as well as partnering with someone who really understood digital currency.

“NetCents was a great fit for that. Chorus strongly believes the NetCents platform is uniquely qualified to seamlessly handle all forms of transactions from flat to digital currencies and most importantly Bitcoin and Ethereum.

“This will allow us to execute our vision to alter the way payments are currently processed within the industry.”

Clayton Moore, chief executive of Net Cents, added: “This agreement with Chorus is a perfect fit for us; this agreement will allow the company’s platform to be utilised in a specific market sector that currently process an estimated 1.5 billion transactions per year valued in excess of $46bn (€41.4bn).”