LeoVegas to Offer Open Banking Transactions

This story was published more than 3 years ago.

Online betting group LeoVegas has announced that they'll begin allowing open banking transactions, which will be faster and feature lower transaction fees.

The option will allow users with European bank accounts to choose the option to implement their own account to the casino, which in turn will provide faster transactions with more options for punters. Thus far, LeoVegas says that they've had about 10% of their customer base opt to use the open banking option with more likely to join on in the future.

Commenting on the offering LeoVegas CEO Gustaf Hagman said, "Secure, seamless and fast payments are incredibly important, and the fact that we now - through PSD2 - have the opportunity to directly integrate with many European banks, will provide a superior customer experience offered by security and speed.

"Conducting transactions via open banking is also considerably more cost-effective compared with traditional payment methods.

"There is a high level of activity in our product and technology development organisation, and it is exciting to see all of the innovations we are delivering to our customers. We are first out in the industry with this pioneering payment solution, which will change the entire payments industry in the years ahead."

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About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.