Many iGaming and betting operators still perceive financial systems as support tools. This is a fatal mistake. Today, payment logic is the centre of user experience, a retention factor, and a key to business marginality.
Casino Market specialists offer an article based on materials from Jake Dovey, CEO of PayModum.
The expert explains that real innovations do not occur on the surface. They are in the technology stack.
Jake Dovey noted:
Apple Pay is dozens of API requests, biometrics, cloud computing, and a bank that is ready to confirm a transaction in milliseconds.
Operators should understand that their platforms must support modern APIs, quickly implement financial instruments (SDK/Low-Code), and be compatible with the Apple/Google infrastructure.
The Casino Market catalogue includes suitable payment systems, gambling, and administrative software.
Cryptocurrencies: a Triumph in the Format of Stablecoins
Jake Dovey reasonably stated:
Nobody knows how much 0.0000281 BTC is worth. However, the world cannot live in abstraction, so everyone knows what $10 is.
Key problems of digital assets as a settlement method:
- volatility: BTC fluctuates by 60–80% per annum;
- complexity of interfaces: most people do not know how to use electronic wallets;
- lack of standards: in the US, every state has the same rules. In Europe, there are dozens of different approaches.
According to Jake, the future belongs to stablecoins (for example, USDT or USDC), and the largest players already understand this:
- Stripe acquired Bridge for $1 billion and integrated these funds into checkout in 3 weeks.
- Stake and Yolo Group use USDT as the main method of depositing/withdrawing money.
In 2024, 63% of all crypto payments in the iGaming industry were made in digital assets. USDT and USDC accounted for about 96% of the transaction volume.
The implementation of stablecoins is a strategic advantage for operators.
Globalisation is Dying: Payment Systems Are Becoming Regional
Payment companies of the future should focus on local work.
The world is moving away from globalisation. Now, every country wants to control the movement of capital, and iGaming projects must comply with the requirements of selected jurisdictions.
Technological challenges for casino owners:
- Implementation of 10 settlement methods in one country, which takes up to 500 hours of manual work.
- Addition of new providers without such solutions as PayModum.
The expert suggests the following solutions:
- Low-Code/No-Code platforms with pre-integrated tools;
- support for local systems (Pix in Brazil, Swish in Sweden, and iDEAL in the Netherlands);
- infrastructure with automatic payment routing.
The future belongs to adaptive, easily scalable financial services with a high degree of localisation.
Standardisation + Trust = Cryptocurrency Expansion and Open Banking
Mr Dovey noted:
Trust is the currency of payments. Without it, no blockchain will survive.
He also stated that PayPal failed with mobile POS in 2013 due to the lack of biometrics, 4G, and standardisation. Cryptocurrency does not scale because there is no:
- the single base of trust;
- legally recognised standard;
- unified UX.
Mr Dovey also gave positive examples:
- Pix in Brazil. The service is accepted by all banks through a state platform.
- Swish in Sweden. The system was initiated by 6 large banks.
- USDC/USDT. A dollar peg and asset reservation increased the audience's confidence.
Operators should focus on settlement methods that are backed by institutional trust, not hype.
The Next Challenge is Scalability Without Costs
The expert asks a logical question:
Today, financial services cost $150,000 per year. Why do you need 10 of these if you can automate them through one platform?
The biggest headache for major entrepreneurs is the fact that managing the payment stack requires:
- products;
- integration teams;
- risk control specialists;
- support for more than 200 settlement methods.
The main characteristics of the solution from PayModum:
- one platform contains about 250 financial options;
- connection of new schemes in 1 click without a code or a team of developers;
- automatic routing, anti-fraud, and reporting.
In 2025, the winner will not be the brand that offers more systems but the one that can manage them without costs.
3 Trends in the Coming Years
Jake Dovey calls special attention to several current tendencies:
- Stablecoin boom. Players will develop a habit of settling up with such assets (like it was with bank cards before).
- Mass consolidation. Visa, Mastercard, and acquirers have reached the payment ceiling, so we should expect an increase in the number of M&A providers.
- Technologies beyond UX. The main driver of development is not interfaces but the backend and infrastructure. Important factors include the automation of settlements, route optimisation, predictive analysis of refusals, as well as face and fingerprint recognition as an authorisation method.
The Main Things about Payments in the Coming Years
Online casinos and bookmakers’ offices can no longer afford to treat transactions as support functions.
Key aspects that operators should take into account:
- Settlements on iGaming and betting sites are the biggest key to success, growth, high retention, customer loyalty, and profit.
- Control over the market will be exercised by companies that adapt code-free financial infrastructure, support stablecoins, and know how to localise.
To connect multifunctional payment services and high-quality games, you can contact the Casino Market studio.
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