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bwin.party’s Kalixa forms JV to target Africa and Latin America

11th September 2014 7:51 am GMT

London-listed online gaming operator bwin.party digital entertainment has agreed a joint venture partnership between its payment processing subsidiary Kalixa and Millicom, the Swedish telecommunications firm.

The 50:50 joint venture will offer business and consumer payment processing services in Africa and Latin America, with Colombia and Brazil set to be the first markets to begin operations later this year.

Under the terms of the JV, each party will invest an initial $4m into the venture and appoint two [...]

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