malta

Interkassa Presents Its Payment Solutions at Major Industry Event in Malta

Interkassa, the renowned global payment aggregator, will present its newest payment solutions in the major event, which will be held in Malta from 13 to 17 November 2023.

The major event

interkassa-will-present-payment-solutions-for-gambling-and-betting-at-sigma-malta-1-1. Sigma is a large-scale event that will host the biggest industry names, and Interkassa is proud to be one of them. The company’s payment solutions are carefully selected and customized to fulfill the needs of the gaming industry. Among the most helpful is that the companies that collaborate with Interkassa can accept payments in 100 different currencies from all around the globe.

At the moment, the company offers more than 70 payment options, both global and local, to many countries. Customers are able to pay via cards, electronic wallets, mobile payments, bank transfers, as well as instant payments that can be transferred with Google Pay and Apple Pay. On top of that, there are also options for many fiat or crypto currencies, so the players can deposit and withdraw money in the way that suits them best.

All of the funds available are completely secure and safe, and all of the transactions remain uninterrupted. That’s because the company incorporated smart routing and various cascading technologies, which enabled the customers to enjoy smooth transfers. Tokenization makes the whole process even more seamless and secure since one-click betting is now available to the players.

In Interkassa’s vast network of partners are the biggest industry names such as 1win, Pin-Up, SoftSwiss, Slotegrator, EveryMatrix, BetConstruct, and FavBet.

Rapid success

Valentina Romanenko, the CEO of Interkassa, said: “With over 14 years of experience in the market, we have studied the needs of the gambling business and their customers. Today, Interkassa is ready to provide a positive payment experience for both players and gaming providers. We have a complete set of solutions for this. Our team looks forward to meeting Sigma Malta visitors at our stand #1114 and discussing the details of future cooperation.”

Anastasia Babochkina, Deputy CEO at Interkassa, has already visited the event. She commented: “We have attended this conference in Malta for several years. As a result, this event has always yielded incredible experiences and new fruitful partnerships. Its global focus and broad audience allow us to show all the advantages of our product.”

Interkassa was founded in 2009, and it rapidly expanded across the global market. At the moment, the company processes more than 12 million payments each month, and its customer base contains more than 4000 international businesses from Europe, Asia, Africa, Latin America, Canada, and CIS countries (except Russia).

Source: Incze, Gaspar, “Interkassa will present payment solutions for gambling and betting at Sigma Malta”, EuropeanGaming, October 10, 2023.

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The Malta Gaming Authority Releases 2022 Annual Report and Financials

the_malta_gaming_authority_Releases_2022_annual_report_and_financials The Malta Gaming Authority (MGA) has released its 2022 Annual Report and Financial Statements. The move and similar moves by government entities are widely seen as efforts to provide clarity of mission and transparency of operations.

In that light, Malta has been mostly successful throughout the years, at least in as far as the information provided is somewhat useful to potential license holders and consumers. However, the type of information and the depth to which activities are reported can leave a lot to be desired.

5,280 players requested assistance

While the number of player complaints is reported, the type and severity of potential violations are not reported in context nor are the results of any decisions related to specific disputes. Further, alternate dispute resolution is mandatory so it is assumed that only complaints that fail arbitration and that ADR service providers consider worthy to escalate are ever considered by the gaming authority.

As well, plans to change the law or even bills introduced to mdo so are rarely ever reported either on the website news section or in the periodic or annual reports until policy or law has changed such as when operators may have been aware of a comment period but players had no clue that the minimum theoretical return to player percentage (RTP) for MGA-regulated online slots would drop from 92% to 85%, ostensibly to bring it “into line” with the land-based sector.

More recently we had to learn from news outlets that follow such disputes that a bill had been introduced to the legislature which would modify the gambling act yet apply to all other European Union trade disputes absolving any Malta-registered company from responsibility to conform to EU trade law by escaping enforcement of judgments when a Maltese licensed online casino is sanctioned or fined by another EU member state.

While the previously mentioned and other information may be available in official government gazettes or press releases, in the spirit of transparency and consumer confidence it should at a minimum be linked to from the MGA website if not included in periodic and annual reports.

The topline numbers and a link to the financials and report can be found here (here).

A brief summary follows:

5,280 players requested assistance
28 compliance audits were conducted and 228 desktop reviews
25 licensees were subject to remediation and/or administrative measures
6 individuals and companies were deemed by the Fit & Proper Committee to not be up to the Authority’s probity standards due to various factors
41 gaming license applications were received during 2022. Thirty-one (31) licenses were issued
1,500+ criminal probity screening checks were undertaken
48 interviews with prospective Money Laundering Reporting Officers (MLRO) and key persons carrying out the AML/CFT function
9 Letters of Breach were issued following breaches of the Commercial Communications Regulations
85 responsible gaming-themed website checks were performed with 38 URLs found to have misleading information

In publishing the report, MGA CEO, Dr Carl Brincat said: “This report is testament to our collective efforts in promoting a fair and sustainable gaming ecosystem. Through proactive measures and leaner regulation processes, we strive to ensure a level playing field that nurtures innovation while safeguarding against any potential risks.

“As the global gaming landscape evolves, our role becomes even more critical. We embrace this responsibility with utmost determination, working tirelessly to stay ahead of emerging trends, technologies, and challenges. We remain steadfast in our pursuit of robust frameworks that inspire confidence, protect vulnerable individuals and render Malta the home for gaming operators of goodwill.”

Source: The MGA publishes its 2022 Annual Report and Financial Statements, Malta Gaming Authority News, June 2, 2023

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