MuchBetter Out to ‘Break Monopoly of iGaming Payments’

January 31, 2019 Staff Writer Industry News 191

Just one year since it first hit the market, the innovative payment solution MuchBetter is making some rather ambitious plans for the future.

Looking at the first 12 months of business in the rearview mirror, the company is proud to announce a number of milestones and records, while also announcing its intent to ‘break the monopoly of iGaming payments’.

MuchBetter co-founder Jens Bader warns that the company will make no apologies along the way.

“For too long, legacy payments providers have raised costs with each renewal, without a thought to raising the quality of their services. With iGaming operators seeking alternatives there is a fantastic opportunity for MuchBetter to swoop in and meet the needs of iGaming operators”, he said.

In less than 14 months of operation, MuchBetter has done great to introduce a sensitive and well-balanced approach with an enticing B2C proposition, while also driving a new, global payment model into the market.

With nearly 150,000 active users around the globe and 120 merchant sites accepting this model of payment, MuchBetter is fully licensed in more than 150 countries. Some of the biggest online casino brands have already joined the MuchBetter team with 888, PokerStars or LeoVegas to only nake the few.

MuchBetter is currently processing one transaction every few seconds, which is made possible thanks to a team of 40 strong, employed on full-time.

“And, our customers use their MuchBetter accounts increasingly outside of iGaming as well. The combination of the app with our free prepaid card, wearables and free peer-to-peer service demonstrates that our product proposition covers almost any payment situation and is well understood by our customers”, Jend Bader added.

Recently named the Rising Star by EGaming Review magazine, MuchBetter was also rewarded Innovation of the Year at Payments Awards in November.

This innovative payment service is available both on Android and iOS devices. It deploys biometric authentication or pin numbers, making payments ever so convenient while at the same time safe and secure.

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