Global Payments

CoralPay Rolls Out USSD System; LeoVegas Adds Swish Support

The Axis

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the CoralPay Technology Limited GameTech rollout of a mobile payment and unstructured supplementary service data (USSD) system in an effort to serve Nigerian customers. In addition, GameTech company LeoVegas’ is rolling out Swish in the Swedish market, Vietnam is looking to have household payments made through cashless transactions and Paytomat is adding support for the bitcoin diamond (BCD) digital currency through its platform that is reportedly popular in Europe.

GameTech company LeoVegas is bringing the Swish payment system to its platform for the Swedish market, the company said in an announcement. The company noted that the platform would help bolster its offering and could lower its transaction costs. In addition, it said, customers will be “securely identified” through BankID. LeoVegas' Group CEO Gustaf Hagman said in the announcement, “The fact that 63% of all Swedes use Swish every week shows how popular Swish is, and it is therefore extra exciting that LeoVegas is now offering the favourite way of making payments in Sweden. Our teams have worked intensively to be able to launch immediately after the turn of the year.”

And Paytomat, which says it has an expanding user base in Europe, is making bitcoin diamond (BCD) a supported currency on its platform, according to an announcement. That is, the payments firm is bringing the digital currency to its point-of-sale (POS) system, settlement system and wallet. With the rollout, the company said that brick-and-mortar businesses or eCommerce merchants can take the BCD cryptocurrency. And, with the addition of BCD to the company’s wallet, the company said that ”customers can now hold BCD and other crypto assets all in one place and make instant payments at their selected stores, while receiving current fiat value updates for each crypto.”

In Vietnam, the government is looking to spur the use of cashless transactions for payments of household bills, Vnexpress reported. The outlet reported that a resolution from the government about bolstering the productivity of workers and competitiveness “contains a push to accelerate [the] use of cashless transactions.” It also noted that municipal and provincial officials have been asked to tell schools, hospitals, and utilities to take in fees and bills through cashless transactions.

And Payments transaction firm CoralPay Technology Limited rolled out a mobile payment and unstructured supplementary service data (USSD) system in an effort to serve Nigerian customers, according to reports. Through the service, customers can make payments for services and goods through wallets and bank accounts via USSD short codes with the help of mobile apps. Automated teller machines or POS systems, in turn, accept the transactions and customers can receive receipts via email or paper.



About: Accelerating The Real-Time Payments Demand Curve:What Banks Need To Know About What Consumers Want And Need, PYMNTS  examines consumers’ understanding of real-time payments and the methods they use for different types of payments. The report explores consumers’ interest in real-time payments and their willingness to switch to financial institutions that offer such capabilities.