Paysafe Completes Core Payments Infrastructure Overhaul, Targets 50% of iGaming Deposits in Key European Markets

Paysafe, the payments technology company best known in the iGaming sector for its Skrill and Neteller e-wallets and its paysafecard prepaid product, has confirmed the completion of a multi-year core infrastructure upgrade that it says will materially improve processing reliability, transaction speeds, and cross-product integration across its iGaming-focused payment suite.

The infrastructure overhaul — which began in 2023 and involved a full migration of Paysafe's core payment processing stack to a cloud-native architecture — was completed in Q4 2025. The company says the new infrastructure reduces average transaction processing times by 65% and improves system resilience through active-active redundancy across multiple data centres.

Paysafe CEO Bruce Lowthers, speaking at the company's Q1 2026 investor presentation, set an ambitious commercial target: processing 50% of online gambling deposits in the UK, Germany, and Sweden by end of 2027. Achieving this target would require Paysafe to significantly grow its market share in all three countries, where it currently estimates its combined e-wallet and prepaid share at approximately 22-28%.

"iGaming is and will remain our primary vertical. We have built the technology platform. Now we grow the market share," said Lowthers.

Paysafe has also announced the launch of a new instant bank transfer product for the UK market — Paysafe Pay Direct — that uses open banking infrastructure to compete with Trustly and other account-to-account payment providers that have taken significant share in the iGaming deposit market over the past three years.

The company's shares have risen approximately 34% year-to-date in 2026 following the infrastructure completion announcement and the positive reception to its market share targets.