Cashless payments innovators Marker Trax and Koin recently announced a significant new phase in their partnership with Euronet, a leading global financial technology solutions and payments provider. This development is marked by Euronet’s recent second investment in the partnership in the past two years.
The partnership will leverage Euronet’s extensive global payments network, which includes 1.9 billion wallet customers and connections to more than 4.2 billion personal bank accounts. Additionally, Euronet owns one of the world’s largest remittance payments companies in Ria Money Transfer. Finally, Euronet operates in more than 200 countries and territories, providing a valuable footprint for Koin and Marker Trax to expand their global reach and capabilities.
“Euronet was among the first major technology partners to realize the full significance of the transformative effect Marker Trax was set to have on the gaming industry,” said Marker Trax President Charlie Skinner. “They immediately saw what we had achieved and showed tremendous confidence in our future growth. They’re one of the world’s most influential and forward-thinking financial and technology companies and extending our partnership will yield significant benefits for all parties.”
“We’re changing how people think about digital payments in the resort environment. Our partnership with Euronet indicates the progress we’ve made, but more importantly, of how well we’re positioned to transform the digital payments landscape,” Koin President Gary Larkin added. “Supported by Euronet’s payments expertise and strong global presence, we’re set to take a leading role in the ongoing transformation of payments within the gaming and hospitality industries.”
With this significant investment and strategic alliance, Koin and Marker Trax are poised for accelerated growth and innovation. Koin, a global leader in cashless solutions for gaming and hospitality, and Marker Trax, a U.S.-based pioneer in credit assessment and digital marker issuance, will leverage Euronet’s payments network and technologies to optimize transaction speed and enhance user experiences.
Euronet’s Ren payments platform, known for its scalability and cloud-native architecture, has already facilitated Marker Trax’s expansion in North America through Euronet’s initial investment. The latest investment and partnership promise to drive further innovations and international aspirations for Marker Trax and Koin. This collaboration represents a major milestone for the companies and a significant step in transforming the digital payments landscape.
