The Muchbetter option will lower the transaction costs for the online casino through applying its unique commercial model, whereby operators are only charged based on each player’s net balance over a month. With the MuchBetter e-wallet, players will be able to instantly move money in and out of their MuchBetter account by using only their smartphone and fingerprint.
The app also enables speedy registration and in-app know your customer authentication (KYC). Basically, this collaboration will not only simplify the whole process but prevent drop-outs and improve Casumo conversion significantly. Casumo player will sign up to MuchBetter app in minutes and start making payments instantly.
“Casumo represents another high-profile win in a phenomenal year for us,” said MuchBetter co-founder Jens Bader.
“Casumo has a splendid reputation in the gaming industry for being different and at the forefront of technological innovation, and as such we are proud that our MuchBetter solution is meeting Casumo’s high standards.”
The FCA-licensed and regulated money issuer, Much Better is available on both Android and iOS and makes online, offline and contactless payments throughout EMEA.
Not only is the money transferred and received in real-time but MuchBetter also reduces risk with its anti-fraud features and best in class technology. MuchBetter has also teamed up with Pinnacle and Stars Group recently. Partnering with a low-margin bookmaker known for its high-volume players enabled Pinnacle to secure its first lottery customer in Lottoland. Following that, MuchBetter was added as a payment option on the Stars Group brands, including PokerStars.
Earlier this month, the company launched a new product called Bank-in-a-box.
This fully managed solution will allow operators to get to market quickly and take control of their users’ payments experience. This innovation has already led to MuchBetter partnering with respected service providers such as Wirecard and GPS, has been aimed at gaming, travel and retail since all industries are trying to cut time to market, keep costs low and differentiate their services in a crowded market.