LeoVegas launches Swish payment service in Swedish market

After LeoVegas Gaming Plc, a subsidiary of parent company LeoVegas AB (publ) (LEO:STO), was in November among one of the first firm ’s to become accepted by The Swedish Gambling Authority for a permit to run online betting and gambling services in the Nordic country, the Stockholm-based company is launching mobile payment method Swish to get leovegas.com’s Swedish market now.

According to the official press launch …

Currently, the payment service has become the most popular in the Swedish market and used frequently by some 6.7 million inhabitants of the Nordic country. The launch of Swish is predicted to greatly reduce the Nasdaq Stockholm-listed business ’s trade costs on the industry there.

Re-regulated marketplace :

Additional cost efficiency:

According to this press launch, the new payment support serves to fortify the offering and to also bring about further cost efficiency for the company which offers casino, live casino and game gambling, and functions a set of global and scalable brands, LeoVegas and Royal Panda, as well as local multi-brand companies in the United Kingdom market named Rocket X.

Commenting on today’s launch, Chief Executive Officer for Getwish AB, owner of this payment support Swish, Anna-Lena Wretman said…

“Today Swish has 6.7 million consumers and 180,000 connected companies. We are super happy with our continued expansion and that Swish is now being provided as a payment system on a growing number of platforms. ”

Explaining the significance of the inclusion, LeoVegas’ Group Chief Executive Officer, Gustaf Hagman said…

“LeoVegas’ aim is to give the ultimate gambling experience for our customers, and we’re now making this even better with the launch of Sweden’s quickest deposit method through Swish. Faster than this, you cannot make your payments and we’re living up to our own epithet: ‘lightning-fast deposits’. In addition, customers are firmly identified through BankID. The fact that 63 percent of all Swedes use Swish every week (pdf) reveals how hot Swish is, and it’s thus extra exciting that LeoVegas is now offering the favourite way of making payments in Sweden. Our teams have worked tirelessly to have the ability to launch right after the turn of this year. That we’re also lowering our trade costs makes this type of win-win arrangement and illustrates the new chances for LeoVegas in the Swedish market. ”

Eyeing Spanish marketplace :

Last month, LeoVegas announced via press release that it had filed applications that could finally see it launch a choice of mobile-friendly online casino and sportsbetting providers in Spain during the first quarter of the year and include the state of some 46 million individuals to its listing of licensed authorities that also encircles Ireland, Malta, Denmark, Italy and the United Kingdom.