SBC News Voice of the Sports Betting Industry
Through its Luckbox subsidiary, Real Luck Group has partnered with Funanga to leverage its CashtoCode payment solutions.
By using the CashtoCode solution, players will be able to make cash deposits into their Luckbox accounts at 150,000 retail locations across Europe and international markets.
“There will always be customers who prefer to pay in cash, for privacy, self-control and security reasons. It’s why all leading iGaming operators are exploring cash deposit options to add to their payment ecosystems,” said Funanga CEO and co-founder, Jens Bader.
“We’re thrilled to be working with Luckbox, a brand known for its commitment to the user experience and the implementation of new technology. It feels like vindication for our product’s usability and innovative approach to cash.”
The closed loop systems, Funanga said, will also mean that deposit codes cannot be shared nor transferred to other users thereby mitigating fraud.
Through the agreement, Luckbox players will also have the option to make deposits via the CashtoCode eVoucher solution.
Luckbox Head of Payments, Boris Kostadinov, said: “We are thrilled to partner with Funanga to be able to offer our players further secure and streamlined payment options. Our proprietary product sets us apart from the competition and allows us to cater for a new generation of bettors in a way that traditional sportsbooks don’t.
“Our focus for the first half of 2021 has been an intense and necessary phase of improving our platform and offering frictionless payment methods is an important part of the customer journey to make player acquisition and player retention as efficient as possible.”
