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Innovation in the betting sector: real time payout to debit cards

8 ianuarie 2018

Barclays, Vocalink and Sky Betting & Gaming have partnered to allow customers to have money paid out to their debit cards immediately with Fast Withdrawals solution. The collaboration is aimed at reducing the existing 2-5 day wait that customers experience when withdrawing their winnings, with a solution that will help the withdrawing in a matter of seconds.

The Real-Time Credit solution, which powers Fast Withdrawals, ensures money is returned to consumers instantly. According to the press-release, the previous trial’s success in the UK has determined the company to move forward with the solution and the above mentioned partnerships.

Sky Betting’s head of payments, Andy Sacre, says: „Slow withdrawal times is a key painpoint for our customers and always ranks highly on industry research on what matters most to customers.”

Vocalink chief Paul Stoddart, says the system meets a consumer demand for immediate payments capability across all of their transactional interactions.

“Consumers have been making payments in real-time for years, so why shouldn’t they receive credits to their account in real-time too?” he asks. „Our Real-Time Credit solution which powers Fast Withdrawals, ensures money is returned to consumers securely and instantly.”

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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:


In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?