The aim of the partnership is to leverage its CashtoCode payment solutions. The partnership will allow players to make instant and secure cash deposits at Luckbox via more than 150,000 retail locations across Europe and international markets. Customers can do so without providing bank or credit card details, and the closed loop system means that codes cannot be shared or transferred by users, thereby mitigating fraud. Luckbox players will also have the option to deposit using the CashtoCode eVoucher solution, an online payment alternative to cards and e-wallets.
CashtoCode is operated by Berlin-based Fintech Funanga. Launched in 2016, the CashtoCode platform connects a network of online merchants from various industries and payment service providers with over 150,000 retail locations across Europe and international markets. The CashtoCode service enables customers to pay for their online purchases with cash at their chosen retail location. As such CashtoCode technically manages through its networks of partners the compliant collection and settlement of cash from global customers.
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