Yaspa partners with Playbook Engineering for instant betting payments

This collaboration aims to simplify transactions for players, offering easy, secure, and rapid payment experiences through Pay by Bank for both deposits and withdrawals.

Advancing iGaming payment technologyAs Playbook Engineering upgrades its payment infrastructure, Yaspa has been selected as its exclusive real-time payment provider. This strategic partnership is set to redefine speed, security, and compliance standards within the iGaming payments sector. By integrating Yaspa’s technology, Playbook Engineering aims to provide a modern, frictionless experience that improves player satisfaction and operator efficiency.

Open Banking is revolutionising the online gaming industry by enabling faster, more secure transactions while reducing processing costs. Through this partnership, Playbook Engineering is leveraging Yaspa’s expertise in real-time payments to improve transparency, better fund settlement times, and elevate user experience.

By allowing third-party providers to access consumer financial data securely, Open Banking enables faster, more transparent transactions, bypassing traditional card networks and payment gateways. In 2024, the global Open Banking market has grown to USD 30.89 billion and is projected to grow at a compound annual growth rate (CAGR) of 24.9% until 2030, with significant adoption in the EU and the UK. For the iGaming industry, this technology offers several advantages, including reduced transaction fees and fraud risk, as payments are processed directly between the player’s bank and the operator. Moreover, Open Banking's real-time payment capabilities simplify verification and improve compliance with AML and KYC regulations. This shift is crucial for maintaining player trust and meeting increasing regulatory scrutiny, positioning Open Banking as a key enabler of future growth in digital transactions across online betting platforms.

Commitment to innovation and compliance

Both Yaspa and Playbook Engineering prioritise innovation and regulatory compliance. By integrating Yaspa’s payment technology, Playbook Engineering reinforces its commitment to safer gambling, simplified financial processes, and improved security for players and operators. This collaboration is expected to set a new benchmark for payment solutions in the iGaming industry.