LeoVegas First To Allow Open Banking

LeoVegas first to allow open banking. LeoVegas will be the first in the gaming industry to allow open banking transactions under PSD2 through the proprietary technology platform of the company. This would result in even more reliable and quicker payments for consumers directly from their own bank accounts, lower transaction costs and decreased reliance on other payment service providers for LeoVegas.

Gustaf Hagman, LeoVegas’ Group CEO says “Secure, seamless and fast payments are incredibly important, and the fact that we now – through PSD2 (the Second European Payment Services Directive) – have the opportunity to directly integrate with many European banks, will provide a superior customer experience offered by security and speed,”

“Conducting transactions via open banking is also considerably more cost-effective compared with traditional payment methods. There is a high level of activity in our product and technology development organisation, and it is exciting to see all of the innovations we are delivering to our customers. We are first out in the industry with this pioneering payment solution, which will change the entire payments industry in the years ahead.” Hagman adds.

The UK is the first market in which LeoVegas has already launched payments via open banking. Customer data from the initial weeks show that 10% of all new customers already are choosing to initiate their payments via open banking. The solution will be successively rolled out across several of the company’s core markets in Europe.

[image: Shane Rounce]

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