A Swedish FinTech company called Trustly Group AB, launched a payment processing solution with the same name in 2008, to cater to both users and businesses and facilitate their online payments, connecting them in the most effortless way.

In this fourth edition of the monthly Trustly Insight column, the company’s VP of Gaming, Vasilije Lekovic explores the remarkable impact of instant payouts and how Trustly has created a network that offers unparalleled payout speed, coverage and stabilityVasilije LekovicInstant payouts were once a fantasy, then a growing trend and have now become an essential need for online gambling operators. Trustly has been present at every stage of this development and continues to drive forward with spectacular results for operators and users.It can feel like a contradiction right? We want players to spend time and money on gaming sites, and yet we give them the opportunity to remove their funds instantly. It might not add up at first glance but, as a pioneer and leading provider of instant payouts, Trustly has had 15 years to experience the incredible value they provide.If you’re already a fan of instant payouts and know how important they are in gaming, it’s important to know that they aren’t as easy to execute as they might look. Trustly has built up a reinforced network to ensure that every payment is instant – and it’s something other providers will struggle to replicate. Let’s dive into the power and sophistication of instant payouts, and why Trustly is the ideal partner to deliver them to operators throughout Europe and North America.The origin story of instant payoutsTrustly burst onto the payments scene in 2008 with an instant payout banking solution in Sweden. With roots in the gambling industry, our founders wanted to tackle a core challenge faced by operators through the creation of an instant payout product that their users were looking for

With online sportsbooks coming off a record Super Bowl in February and more states legalizing the practice at what seems like a monthly cadence, concerns are rising about the security of betting pay-ins and payouts on these apps and platforms. Market research firm Insider Intelligence said on Thursday (March 30) that the total amount of money wagered “via retail sportsbook, online sportsbook, or lottery parlay card will grow 45.0% this year to $136.63 billion, surpassing $100 billion for the first time. Double-digit growth will continue, and in just two years, the total will exceed $200 billion.”. Given the expected meteoric rise of online sportsbooks, market watchers worry it’s opening a new vector for cyberfraud on a potentially colossal scale, and those in the ecosystem could be getting out over their skis by going live without adequate security protecting billions in transit, either as pay-in wagers or payout winnings