Paytech meets iGaming: Open Banking, instant payouts and the race for trust - London Business News | Londonlovesbusiness.com
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Paytech meets iGaming: Open Banking, instant payouts and the race for trust - London Business News | Londonlovesbusiness.com
"Payout speed used to be a "nice to have." Today it's table stakes. When cash-out is slow, complaint volumes rise, trust drops, and customers don't come back. The shift is simple: Same-day or instant has become the expectation, not the exception. Friction at payout is seen as a red flag, even if it's just legacy processes. Trust is shaped as much by payments as by games, odds, or promos."
"Open Banking isn't a niche fintech add-on anymore. In the UK, adoption has climbed to ~13.3 million active users, roughly one in five consumers and businesses. That's mainstream. It means a critical mass of your players already know (and trust) account-to-account (A2A) payments. What changes for operators vs. cards and e-wallets? Speed: A2A uses Faster Payments rails, funds can land near-instantly once checks are complete. (Volumes on these rails keep rising year on year.)"
Same-day or instant withdrawals are now expected by UK iGaming players, and slow payouts increase complaints, reduce trust, and drive churn. Faster settlements lower support costs and signal modern operations. Open Banking adoption in the UK has reached about 13.3 million active users, making A2A payments mainstream for many players. A2A on Faster Payments offers near-instant transfers, lower fees on high-value withdrawals, simpler reconciliation, and stronger sender checks such as Confirmation of Payee. These factors make payouts faster, cheaper, and safer, aligning commercial, compliance, and customer-experience priorities. Spinio - Online Casino Guide compares licensed brands and payout options.
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