AptPay and NRT Technology Launch Instant Payment Service for the Casino and Gaming Industry | Business


LAS VEGAS – (BUSINESS WIRE) – October 1, 2021–

AptPay, a payment processor that is disrupting the way businesses send money across the street, around the world, has partnered with NRT Technology and Mastercard to enable casinos and gambling sites to online to instantly deposit their winnings into a bank account, prepaid card or mobile wallet for guests and players.

This service, called smartSEND, will be available to all land-based and online casinos in North America via NRT technology and will be launched at World gaming fair October 5. The solution uses Mastercard Send, a global push payments platform that allows funds to be sent securely and in near real time to any payment card or account.

According to Accenture, Nearly $ 420 billion worth of transactions worth $ 7 trillion could shift from cash payments to cards and digital payments by 2023 and up to $ 48 trillion by 2030. With this rapid digital switchover, companies are looking to speed up the process of disbursing funds to the end customer.

Suganthan Vishnu. Krisnarajah, President of AptPay said, “In an ever-changing payment ecosystem, the end goal has always been to make payments faster and more secure, AptPay has been able to do both through our direct connection to networks. We have combined the approach of a Fintech and a Regtech, where compliance is essential to protect both consumers and businesses. With the AptPay solution, not only do we provide real-time disbursements, but we also rigorously monitor transactions and keep bad actors out of the flow. The main difference between our system and that of traditional disbursements is that our service is available 24/7/365, including evenings and weekends.

The gaming and gambling industries continue to grow, with the Global Gaming Market Expected To Reach $ 525 Billion In Revenue By 2023. As the digitization of the gaming industry accelerates, largely enabled by mobile and online gaming, customers of land-based sites are looking for personalized services that offer maximum efficiency. smartSEND is designed to meet these needs and provide a better and more enhanced entertainment experience for customers.

Michael Dominelli, president of NRT adds, “This is one of the many key strategic initiatives for NRT. Expanding our payments ecosystem is a priority as we work to continually improve the customer experience around payments and information intelligence. Our smartSEND solution is integrated with various casino touchpoints within the customer journey and removes the friction traditionally associated with payout of winnings by enabling instant and easy payouts.

The AptPay platform has enabled NRT Technology to offer customers a unique and transparent instant payment service across touchpoints, both for in-person and online environments – where convenience and security are essential .

About AptPay ( https://www.aptpay.com )

AptPay is a fintech processor based in Toronto, Canada. The AptPay hub powers payment services for businesses through a network of connected financial institutions and integrated payment rails. AptPay provides services for the growing payment and cash flow needs of a wide variety of industries, now and in the future. AptPay is a one-stop-shop platform where payments are made to customers transparently, frictionless, securely and in real time.

About the NRT ( https://www.nrttech.com )

NRT is a global technology leader in the design and development of next-generation FinTech and guest and player engagement platforms. Enabling millions of unique guest services for business game operators. Our portfolio of solutions includes secure payment systems, specialized financial and marketing kiosks, AML compliance monitoring, financial intelligence solutions, electronic tagging solutions, digital loyalty, marketing and our gaming platform. industry-leading smart tabletop, seamlessly combining technological innovation, in-house infrastructure and strategic partnerships, NRT creates the most convenient, reliable and secure omnichannel payment ecosystem for casino operators and their guests. Our collective solutions are used by casinos, racing and sports operators, lotteries, banks and retailers around the world.

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PUB: 01/10/2021 07:30 / DISC: 01/01/2021 07:32


Copyright Business Wire 2021.

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