Tech and regulation essential for payment providers to remain competitive, says payments expert

Content Team 1 year ago
Tech and regulation essential for payment providers to remain competitive, says payments expert

An insightful panel took place on Day 3 of the conference at the SiGMA Americas and BiS Summit in São Paulo, Brazil. The panel featured six speakers who shared their insights and perspectives on the role of payment methods in the online gaming industry. The speakers included Rafael Silva, Thiago Tobias, Leonardo Baptista, Cristiano Maschio, Christian Ribeiro, and Leonardo Chaves.

Payment Methods as a competitive differential for online gaming operators

The discussion revolved around key topics such as regulatory compliance, secure payment platforms, technological advancements, and the impact of payment methods on the competitive landscape of online gaming operators.

The panellists highlighted the importance of adhering to regulatory frameworks, particularly those set by the Central Bank, to ensure a secure and trustworthy environment for financial transactions in the gaming industry. Rafael Silva stressed this point.

The regulatory framework plays a crucial role in the payment industry. Adhering to the rules set by the Central Bank ensures a secure and trustworthy environment for financial transactions.

Leonardo Baptista, CEO, Pay4Fun.

Thiago Tobias focused on the differentiation that lies in the regulatory aspect of the payment process. He emphasised the need for online gaming operators to work with licensed payment institutions that comply with the rules and regulations set by the Central Bank. He stated, “The differentiation lies in the regulatory aspect of the payment process. Operators must seek licensed payment institutions that comply with the rules of the Central Bank.”

Leonardo Baptista highlighted the advancements in technology that have enabled traceability and accountability in financial transactions. He discussed the implementation of robust systems to ensure the legitimacy and transparency of payments, stating, “Technology has allowed for traceability and accountability in financial transactions. By implementing robust systems, we can ensure the legitimacy and transparency of payments.”

Cristiano Maschio addressed the intersection of technology and the regulatory framework, making note of the need for payment providers to adapt to changes and remain competitive. He stated, “The intersection of technology and the regulatory framework presents a unique challenge. Adapting to these changes is essential for payment providers to remain competitive.”

Payment Methods panel during the SiGMA Americas and BiS Summit.
Leonardo Chaves, Country Manager Brazil, OKTO.

Christian Ribeiro discussed the steps taken by the Brazilian Central Bank in regulating payment methods and its impact on the industry. He highlighted the opportunities for innovation and improvement in the payment landscape, stating, “The Brazilian Central Bank has taken significant steps in regulating payment methods. This has provided opportunities for innovation and improved the payment landscape.”

Lastly, Leonardo Chaves addressed the demand-driven adoption of new technologies and payment solutions in the online gaming industry. He stated the importance of meeting customer expectations and providing convenient and secure payment options. “The adoption of new technologies and payment solutions is driven by user demand. Online operators need to meet the expectations of their customers and provide convenient and secure payment options.”

Overall, the panel emphasised the critical role of payment methods as a competitive advantage for online gaming operators. By complying with regulations, leveraging technology, and offering secure payment solutions, operators can enhance the player experience and drive growth in the industry.

Hungry for more gaming action? Check out the SiGMA Asia Summit

After the successful completion of the inaugural SiGMA Americas and BiS Summit in São Paulo, Brazil, delegates can continue their journey into the iGaming industry with the upcoming SiGMA Asia Summit.

Join us in Manila this July for a PAGCOR-endorsed event that offers an immersive exploration of the Asian and Philippine gaming markets. Engage with in-depth discussions on gaming regulation, industry trends, and future prospects. Connect with key regional and global stakeholders, and gain valuable insights into the industry. Don’t miss this opportunity to be a part of the SiGMA Asia Summit in Manila.

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