Agreement designed to drive revenue by delivering Luckbox
players frictionless deposit options
CALGARY, AB and ISLE OF MAN,
Aug. 12, 2021 /CNW/ - Real Luck Group
Ltd. (TSXV: LUCK) (OTCQB: LUKEF) (the "Company") and its subsidiary
companies doing business as "Luckbox" (the "Group") is pleased to
announce a partnership with Bambora, which will see their PaymentIQ
gateway added to the Luckbox platform.
The PaymentIQ solution is designed to bring a direct benefit to
Luckbox as it immediately expands deposit options for players by
providing access to every common payment method, including:
- Major credit cards
- E-wallets
- Automated online bank transfers
- Mobile payments
- Invoicing
The PaymentIQ solution is also designed to increase payment
exception rates and improve fraud detection as Luckbox aims to
become a leading operator in the estimated $18.1bn esports betting market.
Luckbox Head of Payments Boris Kostadinov said: "This is an
important addition to the Luckbox platform as it enables us to
provide players with more comprehensive and frictionless payment
options, which in turn supports the Company's plans for robust
revenue generation. In short, it is designed to help us increase
players' ability to bet.
"This integration with PaymentIQ is another important step in
the improvement of our platform as we strive to exceed the
expectations of players ahead of scaling up our marketing
spend."
Per Sundell, Senior Business
Development Manager at Bambora, said: "We are delighted and proud
to have the opportunity to assist Luckbox with their payments
through our platform, PaymentIQ, and we look very much forward to
streamlining Luckbox's payment flows and growing together."
About Luckbox
The Company is an award-winning betting company that offers
legal, real-money betting, live streams, and statistics on all
major esports and sports on desktop and mobile devices. The Company
has a Business-to-Consumer (B2C) platform, and by leveraging shared
technology, data, and resources, the Company can offer an extensive
range of betting options for esports tournaments. The Company's
in-house customized user interface and user experience, built on a
technology stack that supports multiple odds and streaming sources,
allows the Company to deliver deep esports betting coverage. The
Company has been built by a team combining experience in the
igaming industry and a passion for esports to offer players a
unique, broad, engaging, and legal CS:GO betting, Dota 2 and League
of Legends betting experience. The Company serves esports fans in
more than 80 territories across the globe. In November 2020, Luckbox was named Rising Star at
the EGR Operator Awards. The Company (via the Group) holds a full
licence under the Online Gambling Regulation Act (OGRA), issued by
the Isle of Man Gaming Supervision Commission. As the Group is
fully licensed in the Isle of Man for B2C and B2B esports &
sports betting and casino, the Company has access to favourable
payment processors. Luckbox is committed to supporting responsible
gambling.
About Bambora/PaymentIQ
Bambora helps businesses grow with products designed to simplify
the payment experience. With Bambora online companies now have a
payment partner that they can rely on. The PaymentIQ platform is
one out of several Bambora platforms and it's tailor made for the
online gambling industry and as of today +200 online gambling
companies are using the PaymentIQ platform across approximately
1.200 brands. Founded in 2015, Bambora is a collection of companies
with decades of experience in the payment industry. Now a global
presence with over 700 employees in 65 markets, Bambora processes
55 billion EUR per year.
Since October 28, 2020, Bambora
has joined Worldline group. Worldline is the largest European
player in payment services and the fourth largest player worldwide.
Worldline provides its clients with sustainable, trusted and secure
solutions across the payment value chain and offers best-in-class
payment services ranging from POS, online payments, omnichannel
solutions to issuing and acquiring and digital banking to nearly
one million merchants and 1.200 banks and financial institutions.
With 20.000 employees and powered by the dedication of some of the
brightest talents in the payment industry, Worldline is shaping new
ways of paying, living and do business. Learn more about Worldline
at https://worldline.com.
Follow Luckbox on Twitter / Facebook / LinkedIn
CAUTION WITH RESPECT TO FORWARD-LOOKING STATEMENTS
The TSX Venture Exchange has neither approved nor
disapproved the contents of this press release. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
This news release may contain certain "forward-looking
statements" and "forward-looking information" within the meaning of
applicable Canadian securities laws. When used in this news
release, the words "anticipate", "believe", "estimate", "expect",
"target, "plan", "forecast", "may", "schedule" and other similar
words or expressions identify forward-looking statements or
information. Such statements represent the Company's current views
with respect to future events and are necessarily based upon a
number of assumptions and estimates that, while considered
reasonable by the Company, are inherently subject to significant
business, economic, competitive, political and social risks,
contingencies and uncertainties. Many factors, both known and
unknown, could cause results, performance or achievements to be
materially different from the results, performance or achievements
that are or may be expressed or implied by such forward-looking
statements. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements or
information to reflect changes in assumptions or changes in
circumstances or any other events affections such statements and
information other than as required by applicable laws, rules and
regulations.
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SOURCE Real Luck Group Ltd.