London UK, 21th April 2021 – Checkout.com, the leading global cloud-based payments provider, has been selected by award-winning online game developer and publisher, Wargaming, as one of the partners for online card payments.
Wargaming flagship products include World of Tanks, World of Warships and World of Tanks Blitz. Over 200 million players enjoy Wargaming’s titles across all major gaming platforms. The company generates revenue from premium accounts, in-game currency and various in-game items, so fast, stable payments are a cornerstone of its business model. Wargaming chose Checkout.com to support card payments for its PC games on specific markets. The integration with Checkout.com enables seamless and reliable transactions for Wargaming’s customers, so they can minimise time away from the action when making purchases.
Wargaming accepts payments from more than 150 countries, as it is determined to offer payment in local currencies to improve the gamer experience. Currency conversion is, therefore, an important feature of Checkout.com’s partnership with the company. Checkout.com’s platform leverages real-time FX currency conversion, to convert each payment into Wargaming’s preferred currency at the point of transaction, rather than relying on batched conversion at the end of each day for settlements. This unlocks more value from every transaction and increases processing efficiencies, in line with Wargaming’s wider payments strategy of optimisation and growth.
Fraud prevention technology was also a component for Wargaming in selecting a gaming payment gateway, and the company will benefit from Checkout.com’s proprietary fraud technology, Fraud detection. Thanks to Fraud detection, Wargaming can detect fraudulent activities and stop fraudsters in their tracks.
Makis Savvides, Director of Global Payments at Wargaming said: “Gamers can play our titles from anywhere in the world – the only requirement is internet access. Given the truly global nature of our business, we need a payment solutions provider that has built-in flexibility and can easily integrate with our systems – so that we optimise the revenue we generate from every market and across every platform.”
“The level of service the Checkout.com team is currently giving us is invaluable and is enabling us to focus on delivering legendary online games globally.”
Commenting on the partnership, Antoine Nougue, Checkout.com’s Head of Commercial for Europe, said: “We’re proud to announce our partnership with Wargaming. The video gaming industry transcends borders and faces unique payments challenges as a result. Our mix of payments solutions helps companies like Wargaming to not only tackle these challenges but to thrive and pursue growth.”
Global videogame revenue is expected to reach $179.7 billion in 2020, up 20% from the previous year according to IDC. Lockdowns across the world have driven increased demand for gaming, as people spend more time at home. Innovation in the industry has also fuelled growth, with digital-copy and streaming game services on the rise, enabling cross-platform gaming. The rise of freemium games, leveraging in-app purchases has also unlocked video gaming to new demographics for the first time. Checkout.com is the payment services provider of choice for progressive digital businesses, who value fast, reliable, and seamless payment processing and the Videogaming industry represents a fast-growing market globally.
*ENDS*
Checkout.com press contact: Lewis Jones, Communications Manager, +44 799 0068 671, lewis.jones@checkout.com
About Checkout.com
Checkout.com empowers businesses to adapt, innovate, and thrive with the payments services they deserve. The company’s technology makes payments seamless. Flexible solutions, granular data, and instant insights help global enterprises launch new products in new markets and create outstanding customer experiences. They provide the fastest, most reliable payments in more than 150 currencies, with in-country acquiring, world-class fraud filters and reporting, through one API. And they can accept all major international credit and debit cards, as well as popular alternative and local payment methods. Checkout.com launched in 2012 and now has a team of 1000 people across 17 offices worldwide, offering local expertise where it’s needed. Find out more at www.checkout.com
About Wargaming:
Wargaming is an award-winning online game developer and publisher headquartered in Nicosia, Cyprus. Operating since 1998, Wargaming has grown to become one of the leaders in the gaming industry with 5,500 employees and offices spread all over the world. Over 200 million players enjoy Wargaming’s titles across all major gaming platforms. Their flagship products include the massively popular free-to-play hit World of Tanks and the strategic naval action game World of Warships.
Official website: www.wargaming.com