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A new partnership between Monzo and TrueLayer aims to restrict card transactions to online gambling firms. The partnership prevents card transactions to bookmakers and other operators that support TrueLayer. It also enables customers to limit their cash withdrawals. If you are concerned about this new partnership, we urge you to read the full article to find out more. In the meantime, you can try out the free TrueLayer casino demo here. We hope this article has provided you with the information you need to start playing at the online casino of your choice.

TrueLayer is a UK-based open banking merchant solution provider. Its applications allow access to financial data and initiate transactions securely in real-time. Payments through traditional banking methods can take a few days or even several working days. Online casinos have always been after the fastest payment options, since many players judge the speed of their verification processes and payment processing methods. The UK-based platform is ideal for casinos looking to enter the open banking payment space.

Users can sign up for an online casino in seconds, without having to fill out a lengthy registration form. The system checks basic identity and address at the point of transaction. This feature ensures that players are safe, since it complies with most standard KYC and AML requirements. It channels information through banking systems APIs, ensuring that the user’s data is secure and confidential. TrueLayer has a wide range of solutions, including Payouts, which makes it a good choice for online casinos.

The open banking platform of TrueLayer empowers iGaming operators by facilitating one-click player onboarding, limitless winning withdrawals, secure account verification, and affordability checks. These payment services are customisable within an operator’s platform and offer a superior player experience, reducing the risk of fraud. TrueLayer is trusted by a number of online casinos, including Leo Vegas, White Hat Gaming, and Casumo.

PayDirect by TrueLayer is another option for online casinos. With this payment option, you can sign up and play without hassle, and withdraw your winnings immediately. TrueLayer PayDirect works with open banking networks, which facilitate the sharing of consumer data and instant transactions. It also ensures that the casino has your account number, so that it can validate your identity. TrueLayer PayDirect has been designed to facilitate instant transactions, and is one of the most convenient ways to play casino games.

Open banking offers benefits to online gaming operators across the globe. The services are designed to help operators manage risk, while also streamlining their operations. In addition to providing secure payments, TrueLayer also offers account to account payments, and has partnerships with GVC and Paddy Power Betfair. The webinar will also look at responsible gambling initiatives and player payment and onboarding issues. TrueLayer conducted a survey and found that players place a high value on their payment experience.