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PayDo’s Dedicated Multicurrency IBANs: Breaking Down Borders in Fintech
Businesses need financial solutions that match their international ambitions.
Whether paying contractors, receiving client payments, or handling cross-border transactions, traditional banking systems often fall short. Opening a bank account can take months, and handling large volumes of transactions can be as hard as avoiding the word “AI” in modern media.
Hardships with banking and international transfers are particularly palpable for high-risk industries like iGaming.
That’s where PayDo’s dedicated multicurrency IBANs come in. PayDo’s team of experts did their best to provide clients with an ultimate IBAN solution. In this piece, we will deconstruct PayDo IBAN and see what makes it unique in Fintech.
What Is a Dedicated Multicurrency IBAN?
A dedicated multicurrency IBAN is a unique international bank account number assigned exclusively to one business. This means the business can easily handle international transactions. Unlike pooled IBANs, where multiple businesses share the same account number, a dedicated IBAN gives a business full control over its transactions.
Imagine a company called TechGlobal Ltd. They have customers and suppliers all over the world. With a dedicated multicurrency IBAN, TechGlobal Ltd. can receive payments in different currencies directly into their unique account. If a client in Germany pays an invoice in euros and another client in Japan pays in yen, both payments go straight to TechGlobal’s dedicated account. This makes it easy for them to see who paid and when without confusion.
The catch—to have a dedicated multi-currency IBAN, a company needs to open a business account. Here’s where the tricky part comes in. Opening a business bank account can take months, not speaking about the number of documents you need to provide. Another major challenge is all about high fees and slow processing times.
Besides, traditional banking methods usually require businesses to maintain separate bank accounts for different currencies. This complicates financial management and increases the costs associated with international payments.
PayDo’s Multicurrency IBAN Offering
PayDo is a payment ecosystem that pays particular attention to making its IBAN worthwhile. A user can open a PayDo Business Account in just 48 hours and get as many dedicated IBANs as one wants. Here’s what makes PAyDO IBAN unique:
1. Access to 9 Payment Schemes. PayDo’s IBAN is connected to major local and international payment schemes. These include:
- SWIFT
- SEPA
- SEPA Instant
- Target2
- Faster Payments
- CHAPS
- BACS
- Kronos2
- Fedwire
Such broad access to payment schemes means you can send and receive transfers to various locations without delays. Besides, as a SWIFT Direct Participant, PayDo has exclusive access to the given network.
2. 35+ Currencies. With PayDo, IBAN is truly multicurrency. Along with some most common currencies like EUR and USD, companies get more than 35 currencies with their IBAN. The more currencies you have, the more localised transfers are available. In other words, with a multicurrency IBAN, you can pay global contractors using their preferred currency. And there is no extra cost for any of the 35 currencies involved.
3. High-Risk Industry Support. Many traditional banks avoid high-risk industries like iGaming. On the other hand, PayDo is all about working with high-risk clients. With no volume restrictions and a deep understanding of compliance requirements, PayDo makes international transactions accessible and reliable for industries often overlooked.
4. Quick Onboarding and Global Reach. Opening a dedicated IBAN with PayDo takes as little as 48 hours. In addition, PayDo supports operations in over 150 countries.
Breaking Down Financial Barriers
International business often involves dealing with multiple currencies, high fees, and compliance issues. These can create significant operational hurdles. With PayDo’s dedicated multicurrency IBANs, companies no longer need to worry about managing separate accounts or facing delays in cross-border payments.
For example, suppose a company based in the UK works with contractors in Europe and the US. They can easily make payments in euros, pounds, and dollars. No need to open separate accounts or deal with costly conversion fees.
PayDo also takes security seriously. The company complies with global standards and adopts various security measures. The Financial Conduct Authority (FCA) fully regulates the platform in the UK and FINTRAC in Canada.
Conclusion
Businesses need financial tools that are as flexible and dynamic as the markets they operate in. PayDo’s dedicated multicurrency IBANs offer a practical, efficient, and secure solution for managing global transactions. With features like 35+ currencies, access to 9 payment schemes, and support for high-risk industries, PayDo sets a new fintech standard.
Open a PayDo Business Account. See for yourself what PayDo IBAN can do for your business.
The post PayDo’s Dedicated Multicurrency IBANs: Breaking Down Borders in Fintech appeared first on European Gaming Industry News.
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Kambi Group plc repurchase of shares during 27 December 2024 – 7 January 2025
Kambi Group plc (“Kambi”) has during the period 27 December 2024 to 7 January 2025 (the “Buyback Period”) repurchased a total of 50,000 ordinary shares (ISIN: MT0000780107) as part of the share buyback programme, within the mandate approved at the Extraordinary General Meeting on 20 June 2024 (the “Programme”).
The objective of the Programme is to achieve added value for Kambi´s shareholders and to give the Board increased flexibility with Kambi´s capital structure by reducing the capital. The Programme is being carried out in accordance with the Maltese Companies Act, EU Market Abuse Regulation No 596/2014 (“MAR”) and other applicable rules.
During the Buyback Period, Kambi repurchased a total of 50,000 ordinary shares at a volume-weighted average price of 103.38 SEK. From the beginning of the Programme, which started on 6 November 2024, until and including 7 January 2025, Kambi has repurchased a total of 394,000 ordinary shares at a volume-weighted average price of 104.74 SEK per share.
All acquisitions have been carried out on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. Following the acquisitions and as of 7 January 2025, Kambi’s holding of its own shares amounted to 394,000 and the total number of issued shares in Kambi is 29,903,619 ordinary shares. Under the Programme Kambi is authorised to repurchase a maximum of 3,127,830 ordinary shares, up to a maximum amount of €12.0 million.
The post Kambi Group plc repurchase of shares during 27 December 2024 – 7 January 2025 appeared first on European Gaming Industry News.
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GAMSTOP Announces Record Registration Numbers as It Introduces New 5-Year Auto-Renewal Exclusion Option
GAMSTOP, the national self-exclusion scheme for online gambling, has announced record registration numbers for the start of the year.
In the biggest daily figures since its inception in 2018, GAMSTOP saw 415 people signing up on January 1st, followed by 413 new registrants on January 2nd and 396 on the 6th – the 3 highest daily registration figures since May 2023.
In a continued effort to support vulnerable consumers, GAMSTOP has introduced a new ‘5 years with auto-renewal’ option, for vulnerable consumers looking to extend their exclusion from gambling websites and apps. The new 5 -year auto-renewal exclusion was developed in direct response to feedback from users.
More than half a million people have signed up for GAMSTOP’s services in the years following its launch, with many expressing a desire for longer-term exclusion options. Independent evaluation of the service by Ipsos found that some users are nervous about what happens when they come to the end of their exclusion period and others would have opted for a “lifetime” ban if it had been available.
Currently, at the end of a consumer’s self-exclusion period, the exclusion remains active for up to a further seven years unless they contact GAMSTOP to ask for it to be removed.
Under the new option, consumers who select 5-years with auto-renewal will have their exclusion automatically renewed for an additional 5-year period once the initial term expires. This cycle will continue, providing an ongoing safeguard against gambling participation unless the consumer actively chooses to opt-out of the auto-renewal feature.
For consumers who have opted in to receive emails, GAMSTOP will also begin sending email reminders to those with 5-year exclusions (with or without auto-renewal) every 15 months, helping them stay informed about their upcoming expiration and renewal dates.
The 5-year auto-renewal exclusion option is now available alongside GAMSTOP’s existing 6-month, 1-year, and 5-year exclusion periods. Consumers with a current 5- year exclusion will be able to upgrade it by turning on auto-renewal within their account.
Gamstop Group CEO, Fiona Palmer said:
“We have come a very long way since our launch in April 2018, but our journey doesn’t stop there.
Our goal is to provide consumers with tools and options that empower them to take control of their gambling activity. As such, we’re consistently listening to feedback and evaluating the effectiveness of our service.
Consumers wanted longer exclusion periods and we listened. The introduction of the 5-year auto-renewal exclusion is an important step in ensuring consumers peace of mind when using our service and helping vulnerable consumers take a sustained break from their gambling.”
The post GAMSTOP Announces Record Registration Numbers as It Introduces New 5-Year Auto-Renewal Exclusion Option appeared first on European Gaming Industry News.
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Rapidly expanding content provider launches Plinko 2, the latest in the extremely popular Plinko series
Popular iGaming content provider BGaming is set to excite fans again with the launch of the long-awaited Plinko 2. The game is the latest sequel to the hugely popular Plinko title, which hit virtual shelves in 2019 and has been a mammoth hit for the company, spawning several successful spin-offs.
Like its predecessor, Plinko 2 adopts a classic pachinko setup. Players drop a ball from the top of a pegged pyramid, watching in excitement as it bounces down to land in one of several portals at the bottom, each displaying multiplier prizes. This seamless blend of simple gameplay mechanics and unpredictable, highly rewarding outcomes has solidified the Plinko series as one of the most exciting on the market.
Plinko 2 revitalises the timeless charm of Pachinko, utilising state-of-the-art graphics and customisable gameplay features to provide players with a unique experience. The game boasts a vibrant, engaging interface and uses crisp animations to bring the action to life.
Adding a fresh twist to the traditional format, Plinko 2 allows players to modify their gameplay experience. Players are encouraged to embrace their individuality and enjoy Plinko on their terms, with two game versions available.
If they want to keep things basic, they can enjoy the classic Plinko game in its purest form, but if they want to add extra spice to the action, they can play the enhanced version with the option to activate three new features. Whichever option they choose, they have the chance to land a maximum win of up to 10,000x their stake.
Each of the three bonuses is available for purchase. The multiplier feature will add stretch lines to the game, applying multipliers if the ball moves through them. Not only that, but players are free to move these multipliers to their preferred spot on the playing field. The Multiplier Ball Chance could see balls with a 2x or 4x multiplier loaded, and the Respin Chance feature will add portals that can activate a free spin.
This flexibility extends beyond the bonus features. The game allows players to adjust the number of active lines and risk levels. Anywhere between eight and sixteen lines can be active, while the risk level can be set at low, normal, or high, allowing players to adopt their own strategies when playing the game.
Plinko 2 tops all of this off with a captivating maths model, with the RTP sitting at an impressive 99%, making it an excellent selection for players looking to land big wins.
Julia Aliakseyeva, Chief Product Officer at BGaming, said: “After the overwhelming success of Plinko, we decided to get Plinko 2 into development as soon as our roadmap allowed.
We’ve taken the core elements that made the original a success and enhanced them with innovative features, giving players a unique game that they are free to tailor to their preferences.
When creating Plinko 2, we wanted to emphasize flexibility and customization; by giving players the chance to play the basic version of the game and the enhanced one, we are offering the best of both worlds.”
The post Rapidly expanding content provider launches Plinko 2, the latest in the extremely popular Plinko series appeared first on European Gaming Industry News.
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