LeoVegas is implementing open banking on its platform to allow consumers to share their transaction history with businesses. This will lead to more secure and faster payments, lower transaction fees, and reduced reliance on third-party payment providers.
Open banking has become an option through the Second European Payment Services Directive (PSD2), and so far, around 10% of LeoVegas customers have chosen to use this payment method.
Gustaf Hagman, LeoVegas’ group CEO, highlighted the importance of secure and seamless payments and expressed excitement about the innovations being delivered to customers. He also predicted that open banking will have a significant impact on the gaming industry.
The company plans to launch open banking in the UK first, with future plans to expand across Europe.
