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Aspire and TrueLayer team up for new payments system

TrueLayer has announced a new partnership with Aspire Global, which will see Aspire implement TrueLayer’s payments system.

Aspire

The agreement has been brought about by Aspire’s desire to include a payments system that is powered by open banking, which TrueLayer has provided to 50 of Aspire's UK Brands and will expand out to further European markets over time.

Gil Tal, Head of Ecommerce & Payments at Aspire Global, said: “Open banking is creating an opportunity for the industry to embrace innovation, and we have recognised the role it can play in increasing brand trust and player retention.

“The partnership with TrueLayer is another step in Aspire Global’s strategy to deliver the best payment experiences to our players.”

Meanwhile, Roberto Villani, Head of iGaming at TrueLayer, added: “IGaming operators are looking to reduce friction and high fees, as well as failure rates and chargebacks. TrueLayer offers a more efficient and cost-effective option through account-to-account payments delivered by open banking.

“We have gone further to offer operators instant account funding and instant payouts for players. We’re delighted to be working with the Aspire Global team to create a better player experience for its customers.”

Earlier this year, NeoGames completed the purchase of Aspire Global for SEK 111.00 ($12.29) per share, with 99% of the total shares tendered.

CEO of NeoGames, Moti Malul, commented on the deal: “We are thrilled to complete this strategic transaction with the Aspire Global team and to commence working on identifying potential opportunities to capitalise on the merger of our platforms.”

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