Online Gambling to Benefit from Sweden's PugglePay

Published Monday, September 02, 2013 -
Online Gambling to Benefit from Sweden's PugglePay

Online banking can be sometimes a nightmare for the person who just wants to pay and go. According to Swedish online payment processor PugglePay consumers want payment models that are simple and safe, and which may be accessed and executed anywhere. This compelling customer demand led directly to the creation of PugglePay and a payment model that is uniquely simple, safe, convenient and mobile.

PugglePay was started in 2012 by entrepreneurs Kristofer Ekman Sinclair and Johan Friis, whose respective backgrounds are in the payments company Klarna, and the online gaming company Betsson. Serial entrepreneurs Martin & John as well as Peo Nilsson & Mikael Arborelius are also involved in the company.

Since mobile phones are currently the most widespread technology, PugglePay has developed a unique solution where consumers need only to enter their telephone number followed by an SMS code to complete the purchase.

The convenience factor is definitely a plus for online punters who are paying attention to the game and don’t want to be distracted by the payment process obligations. PugglePay is a secure mobile payment method that can be used for funding your online or mobile gambling accounts. It acts like an instant cash device on your phone, allowing the punter to transfer funds at any time without needing to enter private information.

The method of payment processing has been utilized by a number of internet wagering operators such as Betsson and Mr Green. These firms have recognized the service as an example of social responsibility.

The use of smartphone technology is growing along with PugglePay’s vision to provide a safe and secure easy access system. PugglePay uses your mobile number as the main identifier with the purchase being made not affecting the phone cost. A confirmation invoice is issued using an SMS code. This young firm has the right stuff to further the online gambling experience without the sticky parts that seem to take forever.

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