In recent years, both payments and gaming have enjoyed a period of significant changes including an increase in size, revenue and innovation.
With operators realising now more than ever the importance of a strong payments system, CasinoBeats Malta Digital explored the role of PSPs and how they can evolve within the sector, as experts came together for the ‘future of PSPs’ panel.
Paul Bolton, CEO Payment Strategy ushered in the discussions by emphasising: “I don’t think there’s a perfect PSP at the moment, I think they are all compromised. If you look back at PSPs five years ago compared to PSPs now, they’ve come a long way and those compromises are ever-diminishing and ever-shrinking.
“So the natural course of things will see that in five years time PSPs will be less of a compromise, you won’t have to pick between service or price, you’ll be able to have all of them in near the perfect PSP.”
Parimatch’s Olga Golikova underlined the idea that usually when speaking of payments, it’s only really Visa and Mastercard. However, the conversation has evolved – especially in Europe – with the importance of net banking and specific solutions being elevated.
Liutauras Varanavičius Head of Business Development, ConnectPay also highlighted his belief that the industry is once again on the cusp of significant growth, emphasising that there will be some PSPs that go onto becoming full-scale banks, while some will hone in on their niche.
He also added that some partnerships and consolidations will likely be on the cards as PSPs continue to adapt their offering and adjust to the climate.
Isabelle Delisle, Global Head of Payment Solutions at Pinnacle, concluded the opening statements by highlighting GDPR as a case study, affirming the importance of service and questioning whether PSPs that struggled with adopting efficient GDPR strategies, will be able to now adjust to new compliance regulations.
CasinoBeats Malta Digital, delivered in association with Gaming Malta, takes place from 30 June to 2 July 2020 and features 40 virtual exhibitors, numerous networking opportunities, 130 leading speakers, and countless business opportunities for 3,000 senior decision-makers from operators, suppliers, affiliates and other industry stakeholders.
Alongside the exhibition, networking and conference, all delegates also gain access to the full range of entertainment on offer, including free-play slots, daily competitions and a selection of prizes such as iPads and cash.
Find full details of CasinoBeats Malta Digital, including information about how to register and the discounts available on company group passes, at the event’s official website: https://sbcevents.com/casinobeats-malta-digital/