B2B provider of iGaming solutions Aspire Global has partnered with open banking platform TrueLayer in a bid to introduce instant payments to its customers.
The TrueLayer-powered payments will allow players to top up their accounts instantaneously by verifying their bank account details, removing the need for manual input every time a deposit is needed.
Open banking will also allow Aspire to provide instant withdrawals back into those accounts with a single API call, leading to a reduction in the management of failed payment queries.
Gil Tal, Head of Ecommerce & Payments at Aspire Global, commented: “Open banking is creating an opportunity for the industry to embrace innovation and we have recognised the role it can play in increasing brand trust and player retention.
“The partnership with TrueLayer is another step in Aspire Global’s strategy to deliver the best payment experiences to our players.”
The deal states that TrueLayer will operate in the background, with Aspire remaining the sole owner of the end-to-end payment process, which will be completed under the operator’s own brand and the player’s chosen bank.
Roberto Villani, Head of iGaming at TrueLayer, added: “iGaming operators are looking to reduce friction and high fees, as well as failure rates and chargebacks. TrueLayer offers a more efficient and cost-effective option through account to account payments delivered by open banking.
“We have gone further to offer operators instant account funding and instant payouts for players. We’re delighted to be working with the Aspire Global team to create a better player experience for its customers.”