Esports betting operator Luckbox upgrades payments technology via deal with Funanga

Esports betting company Luckbox has announced a partnership with Funanga to leverage its CashToCode payments solutions. 

This alliance will allow players to make instant cash deposits at Luckbox via more than 150,000 retail locations across Europe and international markets. 

Customers do not need to provide bank or credit card details, and the closed loop system prevents codes from being shared or transferred by users, thereby mitigating fraud. 

Players will also have the option to deposit using CashtoCode eVoucher solution, an online payment alternative to cards and eWallets. 

Head of Payments for Luckbox, Boris Kostadinov, spoke in a press release about this new partnership. “We are thrilled to partner with Funanga to be able to offer our players further secure and streamlined payment options”, he said. “Our proprietary product sets us apart from the competition and allows us to cater for a new generation of bettors in a way that traditional sportsbooks don’t”. 

He also reflected on the company’s focus throughout the first half of 2021 and described it as “an intense and necessary phase of improving our platform. And offering frictionless payment methods is an important part of the customer journey to make player acquisition and player retention as efficient as possible”. 

Funanga CEO and co-founder Jens Bader also reflected on this new alliance and the new trends in the iGaming world. 

“There will always be customers who prefer to pay in cash, for privacy, self-control and security reasons. It’s why all leading iGaming operators are exploring cash deposit options to add to their payment ecosystems”, he pointed out. “We’re thrilled to be working with Luckbox, a brand known for its commitment to the user experience and the implementation of new technology. It feels like vindication for our product’s usability and innovative approach to cash”.