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Paysafe dismisses “factually inaccurate” report after shares nosedive

14th December 2016 10:43 am GMT

London-listed Paysafe Group has dismissed a report by Spotlight Research which claimed that the payment solutions provider enabled illegal gambling and Chinese capital control evasion, sending shares in the company down by as much as 38 per cent Tuesday.

The report named Paysafe’s biggest customer as bet365, which it described as operating a business that “appears to facilitate and engage in illegal gambling". It also presented evidence claiming that Payasafe's Asian e-wallet operation Quick Access had continued [...]

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