Real Luck Group (TSX-V:LUCK, OTCQB:LUKEF) Ltd., and its subsidiary companies doing business as 'Luckbox', has announced a partnership with Funanga AG to leverage its CashtoCode payment solutions.
The partnership will allow players to make instant and secure cash deposits at Luckbox via more than 150,000 retail locations across Europe and international markets. Customers can do so without providing bank or credit card details, and the closed-loop system means that codes cannot be shared or transferred by users, thereby mitigating fraud.
Luckbox players will also have the option to deposit using the CashtoCode eVoucher solution, a reliable and safe online payment alternative to cards and eWallets.
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In a statement, Luckbox head of payments Boris Kostadinov commented: "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."
"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," said Funanga CEO and co-founder, Jens Bader. "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."
CashtoCode is operated by Berlin-based Fintech Funanga AG. Launched in 2016, the CashtoCode platform connects a vast network of online merchants from various industries and payment service providers with over 150,000 retail locations across Europe and international markets. The CashtoCode service enables customers to conveniently pay for their online purchases with cash at their chosen retail location. As such CashtoCode technically manages through its vast networks of partners the secure, convenient, and compliant collection and settlement of cash from customers globally
Luckbox is an award-winning betting company that offers legal, real-money betting, live streams, and statistics on all major esports and sports on desktop and mobile devices. The company has a Business-to-Consumer (B2C) platform, and by leveraging shared technology, data, and resources, it can offer an extensive range of betting options for esports tournaments.
The company's in-house customized user interface and user experience, built on a technology stack that supports multiple odds and streaming sources, allows it to deliver deep esports betting coverage. Luckbox has been built by a team combining experience in the igaming industry and a passion for esports to offer players a unique, broad, engaging, and legal CS:GO betting, Dota 2 and League of Legends betting experience.
It serves esports fans in more than 80 territories across the globe. In November 2020, Luckbox was named Rising Star at the EGR Operator Awards. The company - via the group - holds a full licence under the Online Gambling Regulation Act (OGRA), issued by the Isle of Man Gaming Supervision Commission.
Contact the author at jon.hopkins@proactiveinvestors.com