Betsson has purchased a 50% stake in JDP Tech, a software development business that owns a proprietary technology platform for handling payments in Latin America.

Agreed through the operator’s Betsson Perch Investments subsidiary, the acquisition deal is worth €8.8m (£7.6m/$10.6m), with Betsson to settle this in shares.

Betsson said the purchase will secure customer payment flows for its continued expansion efforts in Latin America.

The deal marks Betsson’s latest acquisition in Latin America, having also purchased a 75% stake in Brazil-facing Suaposta in late 2019, as well as 70% of Colombian operator Colbet in the third quarter of last year, granting it market access in the country.