Nio invests in payment solutions provider Easy Payment Gateway
Gibraltar, April 24th 2015 - Easy Payment Gateway (EPG) and Nio Inc.’s subsidiary Gaming Innovation Group (GIG) have reached an agreement that will make the listed Norway company, part of the EPG shareholding. Under the agreement, GIG will invest GBP 500,000 and get a 10 percent ownership in EPG, furthermore GIG has an option to acquire an additional 15 percent of the EPG shares within 2 years. The first EPG investment is expected to be completed during May 2015. Following the investment, GIG can offer an integrated industry leading payment solutions with its iGaming Cloud software platform.
In a rapidly growing industry handling millions of transactions, it is a strategic advantage to be able to include an industry leading payment management platform in its industry offering. Furthermore, the EPG payment solution will now become a part of the Company’s gaming sites betspin.com and guts.com.
GIG regard EPG as one of the worlds best online payment gateways. The individuals behind EPG have extensive experience of more than 15 years in building high availability, high capacity software systems for the online industry and the payment solution is developed internally in EPG.
In total the introduction of and partnership with EPG is considered to improve GIG’s competitive position significantly. “EPG has developed the most attractive payment solutions in the gaming industry. Through this investment we will be able to add this solution to our iGaming Cloud platform. Furthermore our offering will become integrated with more than 100 banks and finance institutions which will further strengthen Guts and Betspin, and our industry Cloud offering”, says managing director Robin Reed of Gaming Innovation Group.
“I am extremely excited and pleased about the possibilities of working together with GiG. Robin and I believe this to be an excellent opportunity for both Easy Payment Gateway and GiG. By combining our technologies we will be able to cater for many gaming operators by offering the best gaming platform and the most versatile and state of the art payment management tools, all via one integration. With this joint venture Easy Payment Gateway will increase its fantastic portfolio of share holders which already includes some of the most experienced individuals such as Angel Investor RanTushia, Optimizer Invest and Bentworth Holdings and now GiG. The possibilities are endless.”, says CEO and Founder Alex Capurro of Easy Payment Gateway.
EPG has its headquarters in Euro Suites 4.3.01 & 02, Eurotowers, Gibraltar and has a team of 20 with vast experience in both gaming and payments, lead by Alex Capurro as CEO & Founder, Ruben Fernandez as the CTO, Jesus Cervan Development Manager, Rob Duthie as VP of Payments and Jose Manuel Peral as COO.