LAS VEGAS–(BUSINESS WIRE)–AptPay, a payment processor disrupting how companies send money from across the street, to around the world, has partnered with NRT Technology and Mastercard to enable casinos and online gaming sites to instantly disburse 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 the Global Gaming Expo on October 5th. The solution uses Mastercard Send, a global push payments platform that enables funds to be sent securely and in near real-time into any payment card or account.
According to Accenture, Nearly 420 billion transactions worth $7 trillion may shift from cash to cards and digital payments by 2023 and as much as $48 trillion by 2030. With this rapid shift to digital, businesses are looking to speed up the process for disbursing funds to the end customer.
Suganthan Vishnu. Krisnarajah, President of AptPay said, “In an ever-evolving payment ecosystem the end goal has always been to make payments faster and more secure, AptPay has been able to do both with our direct connection to the networks. We have combined the approach of a Fintech and a Regtech, where compliance is key in protecting both consumers and businesses alike. 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 key difference between our system and that of traditional disbursements is that our service is available 24/7/365 including evening and weekends.”
The gaming and gambling industries continue to grow, with the global gambling market expected to reach revenues of $525B by 2023. As the digitization of the gambling industry accelerates, largely enabled by mobile and online gambling, customers at land-based sites are seeking services that are personalized and offer maximum efficiency. smartSEND is designed to address these needs and provide a better and more enhanced entertainment experience to customers.
Michael Dominelli, President of NRT adds, “This is one of several key strategic initiatives for NRT. Expanding our payments eco-system is front of mind as we work to continually improve the guest experience revolving around payments and information intelligence. Our smartSEND solution is integrated into various casino touchpoints within the customer journey and removes the friction traditionally associated with paying out winnings by enabling instant and easy payouts.”
The AptPay platform has enabled NRT Technology to offer clients a seamless, one-stop instant payout service across touchpoints, both for in-person and online environments – where convenience and safety are key.
About AptPay (https://www.aptpay.com)
AptPay is a fintech processor based out of Toronto, Canada. The AptPay Hub powers payment services for businesses across a network of connected financial institutions and integrated payment rails. AptPay provides services for the growing payout and money-in needs of a broad range of industries, today and into the future. AptPay is a one-stop platform where payouts are made to customers seamlessly, without friction, safe and in real time.
About NRT (https://www.nrttech.com)
NRT is a global technology leader in the design and development of next-generation fin-tech and guest and player engagement platforms. Enabling millions of unique guest services for enterprise gaming operators. Our solution portfolio includes secure payment systems, specialized financial and marketing kiosks, AML compliance tracking, financial intelligence solutions, electronic marker solutions, digital loyalty, marketing and our industry leading intelligent table game platform, seamlessly combining technological innovation, in-house infrastructure, and strategic partnerships, NRT creates the most convenient, reliable, and secure omni-channel payment ecosystem for casino operators and their guests. Our collective solutions are used by casinos, race and sports operators, lotteries, banks, and retailers globally.