DIMOCO Payments extends igaming links with STS deal

DIMOCO Payments extends igaming links with STS deal

Polish betting market leader STS is seeking to overhaul its payments capabilities via a partnership with DIMOCO Payments, an Austrian mobile transactions provider.

The duo are targeting a ‘significant transformation’ for Polish igaming through the commercial collaboration, specifically by enhancing carrier billing in a bid to strengthen payment innovation throughout the nationwide betting market.

DIMOCO has noted increased rates of mobile betting in the Polish sector, a trend visible across much of the European gambling industry, and hopes that other national markets will ‘follow suit’ once carrier billing is rolled out in Poland.

Bettina Sommer, Senior Vice-President of Sales at DIMOCO Payments, said: “With more and more people making bets on their mobile devices, allowing them to pay with them is the logical next step. With STS now offering carrier billing to its users, it cements its relevance in the igaming market.” 

Based in Vienna and active for over 20 years, DIMOCO merged its payments and carrier billing service into unified offering in summer 2022, and now seems to be targeting an enhanced profile in European igaming, having signed a deal last year with German betting trade association DSWV and now one this year with STS.

As stated above, STS is the clear market leader in Polish betting and gaming, recording year-on-year revenue growth of 17% from PLN 296m (€64.5m) to PLN 346m (€75m) in its H1 2023 results. 

The company looks to update its payments capabilities during a transformational period in its operating history as it is integrated into the international portfolio of global operator Entain, which acquired the firm earlier this year.

Mateusz Juroszek, STS CEO, commented: “This partnership with DIMOCO Payments highlights our innovative spirit, which is what has consistently set us apart from other brands in Poland. 

“We are a modern operator, which has built its position on the Polish market with numerous investments in technology, products based on proprietary solutions, and cooperation with leading suppliers.”