Online payments company Paysafe going public in SPAC merger Tuesday, Bill Foley says

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Online payments company Paysafe going public in SPAC merger Tuesday, Bill Foley says
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Paysafe, a London-based online payments company, has plans to penetrate the North American gaming market after a SPAC takes it public.

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, billionaire business and sports executive Bill Foley told CNBC Monday.

"Paysafe … is ubiquitous. It's just everywhere in terms of the gaming world and digital wallets, e-cash solutions," he said in a "Foley is the chairman ofPaysafe, which includes brands such as Income Access, Paysafecard, Skrill and Neteller, is backed byand CVC. Companies use Paysafe products to handle credit card, cash and direct-debit transactions digitally. Prepaid cards and digital wallets are other offerings.

The North American gaming market also presents an opportunity as the company hopes to become the "preeminent i-gaming leader" on the continent.

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