Cyber betting group LeoVegas announced this week that they've begun accepting payments through Swish, which serves as a rapid payment processor within Sweden.
More than 6.7 million people in Sweden use Swish, and the liberalization of the online gaming market provides an ample opportunity to use the service. Those interested in using Swish simply have to link their mobile phone number to a bank account, and can therefore get money fast while complying with identification laws. For LeoVegas, the chance to offer faster payouts with lower transaction costs is appealing.
Speaking about the agreement LeoVegas CEO Gustaf Hagman said, "The fact that 63% of all Swedes use Swish every week shows how popular Swish is, and it is therefore extra exciting that LeoVegas is now offering the favourite way of making payments in Sweden. Our teams have worked intensively to be able to launch immediately after the turn of the year."
Swish can be used now but you'll have to be in-country to utilize the service.