Chorus Pay, a digital wallet exclusively designed for the betting and gaming industry, has entered into a licensing agreement with Canada-based online payments processing platform NetCents Technology.

Under the agreement, NetCents will provide Chorus with its payment technology to process online transactions for its customers.

NetCents Technology CEO and founder Clayton Moore said: “This agreement with Chorus will allow the company’s platform to be utilized in a specific market sector that currently processes an estimated 1.5 billion transactions per year valued in excess of $46 Billion.

“This licensing agreement is the first of several such agreements that NetCents will be entering into with strategic partners so as to leverage their expertise in a variety of verticals. Licensing and White Label opportunities are both integral parts of NetCents’ global growth strategy.”

Chorus Pay CEO Anthony Taylor said “The betting and gaming industry is moving to digital payments and we needed a solution that was advanced and adaptable; as well as partnering with someone who really understood digital currency.

“Chorus strongly believes the NetCents platform is uniquely qualified to seamlessly handle all forms of transactions from flat to digital currencies and most importantly, Bitcoin and Ethereum. This will allow us to execute our vision to alter the way payments are currently processed within the industry.”