TrueLayer partners with CopyBet to boost payments security 

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Fintech TrueLayer has forged a new partnership with London-based sports betting provider CopyBet to introduce instant deposits and withdrawal payments for UK customers.

Through TrueLayer, players on the CopyBet platform now have the option to choose Instant Bank Payment, allowing them to instantly deposit funds into their account via the CopyBet website or mobile app. Likewise, this option enables them to swiftly transfer their winnings to their bank account.

Anton Ivanov, Business Development Director of CopyBet UK, said: “We are always looking for ways to improve our customer experience, and this is a crucial partnership to take the CopyBet Sportsbook to the next level. By using TrueLayer technology, we can offer customers a best-in-class payment solution that is reliable, protected, and user-friendly.” 

TrueLayer enables payments authenticated directly by the customer’s bank, ensuring compliance with PSD2 and SCA standards to reduce the risk of fraud and unauthorised transactions.

The London-based fintech was founded in 2016 by Founder and CEO Francesco Simoneschi and CTO Luca Martinetti. Since its establishment, TrueLayer has expanded its operations through strategic partnerships, such as this one.

In a similar partnership, last year, the fintech agreed a deal with William Hill, enabling instant payouts and deposits for UK players.

Additionally, earlier this year, the company partnered with OpenPayd. Through the collaboration TrueLayer leveraged its Open Banking platform to help improve OpenPayd’s instant account-to-account (A2A) payments offering

Roberto Villani, VP of igaming at TrueLayer, said: “Providing fast, frictionless pay-ins and payouts is key to winning and retaining players. We’re proud to partner with CopyBet to help provide the instant experience customers demand.”