The iGaming industry’s upward trajectory shows no signs of slowing down, with the sector continuing to ride the wave of technological innovation.
Advancements in payment processing technology have driven the global iGaming boom, helping to create a safe and secure landscape for players to make deposits and withdrawals.
When online slots and other popular games first arrived on the scene, payment fraud was a common theme. Fast forward to today and the landscape is very different.
Reputable digital payment options such as PayPal have completely transformed how players fund their iGaming activities in recent years.
However, as payment technology becomes increasingly sophisticated, more companies are bidding to jump on the lucrative bandwagon.
The past few weeks has seen a significant spike in the number of payment providers muscling in on the action. Read on as we take a closer look.
Zimpler targets iGaming growth
Sweden is at the forefront of the push to revolutionise payments in the iGaming industry, with several firms battling for supremacy there.
These include Zimpler, who recently made several key strategic appointments designed to boost their chances of becoming a major player in the sector.
Co-founder Johan Friis has been appointed as the firm’s new Head of iGaming, having previously established numerous commercial partnerships in the industry.
Friis initially set-up the company as PugglePay alongside Kristofer Ekman Sinclair in 2012 and his expertise has been crucial in driving the company forward.
Zimpler has also confirmed the appointments Annamaria Anastasi as Commercial & Sales Director and Marie Fogmark as Business & Product Director for iGaming.
The pair boast extensive experience in the iGaming market and their skills will help Zimpler achieve their strategic aims over the next few years.
Hawex hoping to bring crypto to the masses
Although cryptocurrency has long been tipped to be the ‘next big thing’ in digital payments, it has yet to truly become a mainstream financial option.
Wildy fluctuating values and regulatory issues are among the main reasons why many consumers remain wary about using crypto to pay for goods and services.
As European citizens still grapple with digital assets and decentralised finance, Hawex has positioned itself as a platform which consumers can trust.
Hawex takes the mystery out of using crypto by simplifying how people own the currency and the way they use it to facilitate digital payments.
The company’s commitment to streamlining financial processes and enhancing security has naturally attracted significant interest from the iGaming sector.
Several European operators are exploring the possibilities offered by Hawex, and the firm could quickly become a key player in the sector.
DIMOCO bidding to leverage mobile tech to their advantage
While the iGaming industry has benefited massively from advancements in mobile technology in recent years, there are some areas ripe for development.
These include carrier billing payments, which could be utilised to circumvent issues surrounding regulation, complex payment channels and privacy concerns.
Austrian company DIMOCO Payments is bidding to fill the gap by becoming one of the leading providers of carrier billing services in the European iGaming industry.
These allow players to make iGaming deposits instantly, with the payment amount added to their mobile phone bill by their carrier at the end of the month.
DIMOCO claim this method negates the need for any other payment option ? users simply need their mobile phone number to make a deposit.
With many potential players reluctant to share payment details with iGaming operators, this option opens the door for them to seamlessly immerse themselves into their favourite games.
