Trustly Partners with Light & Wonder for Cashless Payments in Canada
Trustly, a renowned name in the payment industry, has inked a deal with Light & Wonder, a leading provider of gaming content. This collaboration aims to introduce in-person deposits to casinos in Canada through Light & Wonder's innovative RAPIDPLAY™ technology.
The partnership between Trustly and Light & Wonder signifies a significant step forward in enhancing the payment experience within the sportsbook and gaming sectors, particularly in the realm of land-based casinos.
Key Details of the Collaboration
Utilizing Trustly's cashless in-person deposit solution, powered by the Open Banking network, promises to streamline payments by eliminating the need for cards, sign-ups, or app downloads. With Trustly ID, the solution ensures compliance with Anti-Money Laundering (AML) regulations through robust Know Your Customer (KYC) verification in less than 10 seconds.
The introduction of cashless, in-person deposits is poised to revolutionize the casino industry, enhancing operational efficiency and reducing reliance on cash. This move is anticipated to resonate positively with players, offering a seamless and convenient payment solution.
Furthermore, the collaboration will extend to secure online login processes on various devices, further enhancing convenience for users. Cashless payments represent a key innovation in the iGaming industry, reflecting its evolution towards greater simplicity and efficiency.
Insights from Trustly and Light & Wonder
John Parsons, VP of Gaming at Trustly Inc., expressed excitement about the collaboration, highlighting Light & Wonder's position as a leader in the gaming industry. He emphasized the innovative potential of RAPIDPLAY™ in enabling direct funding of games from player bank accounts via personal devices.
Jon Wolfe, President of Global Systems and Services at Light & Wonder, commended Trustly's expertise in banking payments and its track record in the sports betting market. He underscored the significance of cashless solutions in shaping the future of in-person gaming, expressing confidence in their ability to drive innovation.
About Trustly and Its Vision
Trustly offers a secure and convenient payment option, serving as an alternative to traditional methods such as cards or checks. With its emphasis on direct transactions from bank accounts, Trustly prioritizes user security and convenience. Its pre-filling system further enhances the payment experience, ensuring simplicity and efficiency for users across various online platforms.
As Trustly continues to expand its reach, users can expect a seamless payment experience characterized by simplicity, encryption, and robust security measures. Whether in online casinos or sportsbooks, Trustly remains committed to delivering innovative payment solutions that meet the evolving needs of users.
Sasuke12345678 Finally, some sensible limits! Protecting younger players with lower stake caps is a smart move, though I do wonder if high-stakes enthusiasts will simply migrate to less regulated platforms.
YellowKetch Great move by LeoVegas! Excited to see how this transition improves the sportsbook experience. Hope they bring better odds and more live betting options!
yellowpine I really don’t understand how the government can make these changes without proper safeguards in place. Northern Ireland already has one of the highest gambling addiction rates, and now we’re increasing the risks with higher stakes. Where’s the plan to protect vulnerable players? It feels like the government is prioritizing revenue over public health.
TheHereTom It's mind-blowing how these gambling giants rake in massive profits while their customers, often struggling with addiction, lose everything. The tax payments might be high, but what about the social impact? It’s time for tighter regulations to protect vulnerable players.
YellowThundy It's great to see Turkey taking a strong stand against illegal gambling. Ontario could definitely benefit from a similar crackdown to protect players and ensure the integrity of the gambling market.
PaulTheYouthful It's disappointing to see Virginia’s online gambling proposal shelved for further review. The state was making strides towards expanding gambling options, which could bring in significant tax revenue and provide more entertainment options for residents. Hopefully, lawmakers will reconsider sooner rather than later.
CarolThePassionate It's disappointing to see sports organizations like UFC and WWE promoting gambling so aggressively. These events should be about athleticism and entertainment, not pushing risky behaviors onto fans, especially younger ones. Where’s the responsibility?
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It's great to see companies like Trustly and Light & Wonder pushing the boundaries of innovation in the gaming industry. Cashless payments are the way forward, and I'm eager to see how they enhance the overall gaming experience.
Love the focus on convenience and security with Trustly's payment solution. Excited to see how this collaboration with Light & Wonder will shape the future of in-person gaming experiences!
Cashless payments in casinos? Sign me up! Trustly's solution seems like a convenient and secure way to handle transactions. Can't wait to try it out during my next casino visit.
Trustly's reputation for secure payments paired with Light & Wonder's innovative technology - sounds like a winning combination! Looking forward to seeing the impact of this partnership in the Canadian gaming scene.
Exciting news for gamers! This collaboration between Trustly and Light & Wonder sounds like a game-changer for the casino industry. Can't wait to see how cashless payments revolutionize the gaming experience!