Cardless payment provider Yaspa, formerly known as Citizen, has launched its instant deposit functionality for customers of Switzerland’s Casino Lugano, located on the Swiss-Italian border. Casino guests will now benefit from the ability to deposit and redeem funds on site and instantly.
The introduction of Yaspa’s point-of-sale payments – powered by Open Banking – will deliver a particular benefit to the casino’s Italian guests. Until now, these players have been obliged to either make deposits via bank transfer several days in advance of their visit due to slow cross-border settlement times or withdraw large sums of cash on arrival in Switzerland, which would be subject to high, foreign ATM fees.
Thanks to Yaspa, Casino Lugano customers simply scan a QR code using their mobile phone from within the casino and be taken directly into their online banking app of choice to make a deposit. Funds settle in seconds and are immediately redeemable from the casino’s cashier terminals.
Deposits and withdrawals made using Yaspa are referenced and trackable, making it easy to issue deposited funds to customers accurately and fast.
James Neville, co-founder & CEO of Yaspa, says: “Open Banking capability is all about finding unique use cases and opportunities to simplify payments for businesses.
“Partnering with Casino Lugano to solve a real customer problem around making cross-border payments in Europe, in a land-based environment, is an exciting opportunity for us both. It demonstrates the effectiveness of combining local SEPA instant payments with Open Banking technology to make processing payments easier for Casino Lugano, while offering a frictionless experience to their customers.”
Paolo Sanvido, CEO of Casino Lugano, adds: “We are pleased to welcome Yaspa as an innovative payment method at Casino Lugano. With Yaspa, we are excited to offer more and more services with solutions that simplify the payment experience for our Italian guests, making the gaming experience even more comfortable.”