DIMOCO ventures into the German online gambling sector through collaboration with Neo.Bet
In a significant development for the German iGaming industry, DIMOCO, a leading provider of mobile payment solutions, has secured a license from the Gemeinsame Glücksspielbehörde der Länder (GGL), the German gambling regulator. This makes DIMOCO the first authorized provider of carrier billing in the German iGaming sector.
The license allows licensed German sports betting and casino operators to accept payments via carrier billing up to specified player limits under this official accreditation. This innovative payment method is expected to revolutionize the way transactions are processed in the German iGaming market.
DIMOCO's partnership with NEO.bet, a popular German sportsbook operated by Greenvest Betting Limited, marks a significant milestone. NEO.bet is the first operator to offer this mobile payment option in Germany, setting a precedent for the industry.
DIMOCO's entry into the German market comes after successful launches in Austria and Poland, where it has provided mobile payment solutions to leading sportsbooks. The company operates under a unique model where mobile network operators act as its agents, allowing payments that are typically restricted under EU regulations. DIMOCO handles compliance and conducts KYC (Know Your Customer) processes for bettors on behalf of iGaming companies, ensuring regulatory standards are met.
Galina Werner, managing director of Greenvest Betting Limited, acknowledged the lengthy and rigorous process of gaining GGL approval. She expressed her belief that DIMOCO was the ideal partner to help NEO.bet navigate this process. Werner looks forward to working with DIMOCO now that the promising new payment option is authorized.
Bettina Sommer, DIMOCO's SVP of sales, commented on the expansion into the German iGaming market, expressing the company's commitment to providing secure and efficient payment solutions for the German iGaming industry. DIMOCO is dedicated to adhering to the highest regulatory standards in the market.
The partnership between DIMOCO and NEO.bet is expected to enhance the payment options available in the German iGaming market, offering a secure and efficient mobile payment method through carrier billing, tailored for Germany's evolving iGaming landscape.
[1] This refers to the specific regulations and standards that govern the iGaming industry in Germany.
- The new partnership between DIMOCO and NEO.bet, both operating in the sports betting sector, is set to bring regulated carrier billing payments to Germany's iGaming market, adhering to the strict financial and technology regulations that govern the industry.
- With DIMOCO now authorized to offer carrier billing in Germany's iGaming sector, sportsbook operators can accept payments in a secure and efficient manner, further driving innovation in the sports betting and casino markets.
- As technology advances and financial regulations become increasingly stringent, the sportsbook industry in regulated markets such as Germany will see a much-needed boost from secure and agile payment solutions like carrier billing, provided by companies like DIMOCO.
