VeliTech expands global reach with South African launch

The company enters South Africa at a time when the country’s iGaming market is experiencing explosive growth. 

South Africa.- iGaming technology provider VeliTech has launched its products in South Africa.

With the market entry, VeliTech can now partner with approved operators in the jurisdiction to deliver its cutting-edge AI-powered solutions.

One notable product the company will be introducing in the region is its payment gateway, which has over 400 PSP integrations to ensure smooth and secure transactions. According to VeliTech, this payment system handles over 8,000 daily transfers, offers seamless wallet integration that supports cryptocurrency transactions and enables flexible withdrawal options.

VeliTech’s portfolio also features a multi-currency bonus engine that delivers 100,000 weekly rewards and boosts player engagement. The company’s suite of tools enables operators to make data-driven decisions with 360-degree player insights and real-time analytics.

Operators can also integrate VeliTech’s sports betting solution, which covers 100+ sports, 2,500 markets and more than 80,000 events. The company’s omnichannel capability ensures players enjoy real-time experiences across all platforms, including desktop, mobile, retail and POS/terminals.

VeliTech enters South Africa at a time when the country is experiencing explosive growth in its iGaming market. Statista projects that South Africa’s gaming industry will hit $431m in revenue this year with a 4.71% annual growth rate to reach $518m by 2029.

The launch enables VeliTech to expand its global footprint and strategically position itself in the burgeoning African market.

Petro Magos, VeliTech South Africa regional representative, said: “South Africa is on the brink of an iGaming metamorphosis, and VeliTech is here to fuel the momentum. With world-class, tech-driven solutions, operators will be able to scale rapidly and offer unparalleled gaming experiences.

“Our local knowledge ensures that every solution aligns with the technological and operational requirements of the South African market, driving exponential growth and allowing companies to innovate.”