Connected with Pragmatic Solutions
Open banking payments provider Trustly explains how iGaming operators can use pay by bank to deliver instant deposits and payouts, eliminate card-related friction, and onboard players without form-filling using bank-verified KYC data. Vasilije Lekovic is Vice President of Gaming at Trustly, where he has led the gaming commercial department for over 11 years. He was instrumental in launching Trustly's Pay N Play product and a range of identity and verification services for the gambling industry. In this episode, Ashley Lang and Vasilije cover the full scope of Trustly's offering for iGaming operators — from core pay by bank infrastructure to payment orchestration across markets and modular onboarding and compliance tools. Some of the topics covered are: * How pay by bank works and why it removes the transaction limits, expiry issues, and settlement delays associated with card payments. * Why Trustly holds local bank accounts in each operating market and how this prevents IBAN discrimination on payouts. * How the Pay N Play product delivers a fully verified player account at first deposit, without form-filling or document upload. * The fraud prevention case for bank-verified KYC data and how regulators view it relative to traditional document review. * How Trustly's modular stack works: deposits and payouts, Pay N Play onboarding, affordability assessments, and name/IBAN verification as separate components. * How Trustly functions as a payment orchestrator, combining open banking with local payment methods (iDEAL, Bancontact, MB WAY, Bizum, Blik) for multi-market operators. * Current geographical coverage across the EU, UK, US, and Canada and where rollout of specific products is ongoing. * What onboarding with Trustly looks like, including for operators already on the Pragmatic Solutions PAM platform. CHAPTERS * 00:00:00 Introduction to Trustly and Pay by Bank * 00:02:07 What is Trustly: Company Overview and History * 00:04:11 Pay by Bank Explained: How It Works * 00:06:02 Trustly's Competitive Advantages: Local Bank Accounts and Network * 00:07:16 Pay N Play: Seamless Onboarding and KYC * 00:08:17 Fraud Prevention and Regulatory Compliance * 00:09:48 Modular Services and Product Flexibility * 00:11:10 Geographic Coverage and Market Footprint * 00:12:22 Payment Orchestration: Local Payment Methods Integration * 00:13:46 Integration and Onboarding Process * 00:15:45 Building Long-Term Customer Relationships * 00:18:53 Closing Remarks and How to Connect with Trustly Trustly is the global leader in open banking payments, with a network of over 12,000 banks, 9,000+ merchants worldwide, and €93 billion in annual transaction volume. Gaming is Trustly's strongest and longest-standing vertical. The Connected with Pragmatic Solutions podcast brings you the latest insights in iGaming technology and innovation. Produced in collaboration with NEXT.io — The World's iGaming Community. More at www.pragmatic.solutions/connected [http://www.pragmatic.solutions/connected] #igaming #podcast #openbankingpayments #paynplay #igamingpayments
23 episodios
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