AptPay and NRT unveil casino payment solution

Canadian payment process AptPay work with NRT technology and MasterCard to allow casinos and online gaming sites to instantly distribute winnings to guest or player bank accounts, mobile wallets or prepaid cards.

Businesses announcement the launch of smartSEND in a press release on Friday October 1, indicating that it was scheduled to launch at the Global Gaming Expo on October 5. smartSEND uses Mastercard send, a global push payment platform that sends funds securely in near real time to any payment card or account.

Citing data from Accenture, the companies said nearly 420 billion transactions, valued at $ 7 trillion, could shift from cash payments to card and digital payments by 2023. By the end of over a decade, that figure could reach $ 48 trillion.

“In an ever-changing payment ecosystem, the end goal has always been to make payments faster and more secure, AptPay has been able to do both with our direct connection to networks,” said Suganthan Vishnu Krisnarajah, president of AptPay. “We have combined the approach of a FinTech and a RegTech, where compliance is essential to protect both consumers and businesses.”

The companies note that as payments change, so do the gaming and gaming industries, with global gaming revenues expected to reach $ 525 billion by the end of 2023. As the industry grows more digital, players at land-based sites will want services that are personalized and offer greater efficiency.

“This is one of the many key strategic initiatives for NRT. Expanding our payments ecosystem is a priority as we work to continually improve the customer experience around payments and information intelligence ” Michel dominelli, said the president of NRT.

“Our smartSEND solution is integrated with various casino touchpoints within the customer journey and removes the friction traditionally associated with payout of winnings by enabling instant and easy payouts. “

Read more: Betcris expands its payment platform for games and betting with the SafetyPay partnership

The announcement comes just a day after Latin American payments giant SafetyPay and top gaming and sports company Betcris revealed their own collaboration, allowing players to make online deposits and cash payments using banks or cash pick-up points.

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NEW PYMNTS DATA: TODAY’S SELF-SERVICE PURCHASE JOURNEY – SEPTEMBER 2021

On: Eighty percent of consumers want to use non-traditional payment options like self-service, but only 35 percent were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a PYMNTS and Toshiba Collaboration, analyzes more than 2,500 responses to find out how merchants can address availability and perception issues to meet demand for self-service kiosks.

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