Praxis Tech formed a partnership with Stake to handle payment processing across the operator’s global markets. The deal covers multiple continents where Stake operates.
Praxis Tech runs a payment orchestration platform. Stake operates under parent company Easygo.
The partnership puts Praxis behind Stake’s transaction processing in markets worldwide. Both companies say the focus is speed and localisation.
Why Payment Processing Matters for Global Operations
Fast payment systems make a difference when operators run sites in different countries. Each market has its own rules and preferred payment methods.
Stake operates at what Amit Klatchko calls “a pace that few can match.” He’s Co-Founder and Director at Praxis Tech. The company positions itself as supporting “world-leading iGaming brands” in what Klatchko termed “payment excellence on a global scale.”
Players expect quick deposits and withdrawals. But compliance requirements vary by country. A payment setup that works needs both speed and proper regulatory handling.
What the Partnership Covers
The collaboration aims to make transactions faster and more reliable for Stake’s players. Praxis will provide what Brais Pena describes as “fast, flexible and secure transactions across all regions.” Pena serves as Chief Strategy Officer at Easygo.
Stake’s been expanding aggressively. The operator launched in Brazil’s newly regulated market this January, bringing in Kambi’s turnkey sportsbook.
They’d already entered Colombia back in May 2024. Peru followed in August 2024.
Stake Brazil recently ran an integrity workshop with football club Juventude. The session covered match-fixing risks and ethical conduct for players and staff.
How Regulatory Challenges Shape Growth Strategy
Not every market’s going smoothly for Stake. California banned sweepstakes casinos in October through Assembly Bill 831.
The state also filed a civil lawsuit against Stake.us in August. The complaint alleges breaches of unfair competition laws and false advertising violations.
These US regulatory issues stand in contrast to Stake’s Latin American expansion. The operator’s clearly focused on regulated markets where licenses exist. But the California situation shows the risks when regulatory frameworks shift.
Pena emphasised Stake’s commitment to “maintaining reliability and trust” for players. That becomes harder when some jurisdictions close their doors while others open up. The Praxis partnership addresses one piece – making sure payments work smoothly in markets where Stake can operate.
