Real Luck Group has teamed with Funanga to use its CashtoCode payment solutions through its Luckbox subsidiary.
Players will be able to deposit cash into their Luckbox accounts at 150,000 retail locations across Europe and overseas markets using the CashtoCode technology.
Funanga CEO and co-founder, Jens Bader said: “There will always be customers who prefer to pay in cash, for privacy, self-control and security reasons. It’s why all leading iGaming operators are exploring cash deposit options to add to their payment ecosystems.
“We’re thrilled to be working with Luckbox, a brand known for its commitment to the user experience and the implementation of new technology. It feels like vindication for our product’s usability and innovative approach to cash.”
According to Funanga, the closed loop mechanisms will prevent deposit codes from being shared or transmitted to other users, reducing fraud.
CashtoCode eVoucher solution
Luckbox players will be able to use the CashtoCode eVoucher solution to make deposits as a result of the arrangement.
Boris Kostadinov, the Head of Payments at Luckbox, said: “We are thrilled to partner with Funanga to be able to offer our players further secure and streamlined payment options. Our proprietary product sets us apart from the competition and allows us to cater for a new generation of bettors in a way that traditional sportsbooks don’t.
“Our focus for the first half of 2021 has been an intense and necessary phase of improving our platform and offering frictionless payment methods is an important part of the customer journey to make player acquisition and player retention as efficient as possible.”