UBank and Aeropay Join Forces to Improve Financial Services in Gaming Industry

UBank, a Texas-based community-focused financial institution, and Aeropay, a leading payments technology company, have embarked on a strategic partnership with the aim of revolutionizing financial services within the gaming industry, as highlighted by PYMNTS.

In a press release issued on Tuesday, October 3, both UBank and Aeropay outlined their shared goals of simplifying in-game payments, bolstering compliance efforts, and broadening their industry reach.

Aeropay, renowned for its tailored payment solutions across various sectors, has particularly distinguished itself with a compliance-centric approach to payment processing within the gaming realm. Their offerings encompass risk-managed deposits, lightning-fast withdrawals, and the novel Aerosync, a banking integration designed to cater to the unique needs of this dynamic industry.

Daniel Muller, CEO of Aeropay, expressed his excitement over the collaboration, emphasizing their mission to provide operators and developers with payment solutions that are finely attuned to the distinctive challenges inherent to the gaming sector. The partnership aspires to redefine the landscape of gaming by delivering innovative financial services.

Justin Armstrong, President of UBank, highlighted the institution’s commitment to community values while simultaneously embracing innovation. He underlined the significance of nurturing relationships, serving communities more effectively, and staying at the forefront of technological advancements. This collaboration represents a pivotal step in achieving these objectives.

The partnership with Aeropay has also yielded benefits for PrizePicks, a fantasy sports operator, enhancing the player experience by prioritizing speed, security, and accessibility.

As the payment landscape continues to evolve, businesses are responding by exploring alternative payment platforms that strike a balance between cost reduction and a seamless customer experience. Andrew Gleiser, Chief Revenue Officer at Aeropay, emphasized this point in an interview with PYMNTS posted in August, noting that businesses are increasingly harnessing technological advancements to thrive in the rapidly evolving payment landscape.

Gleiser remarked, «Payments is experiencing kind of a second renaissance, if you will, with the rise of alternative payment options such as buy now, pay later, wallets, and bank payments. Businesses are dedicating substantial resources to enhancing the user experience and finding ways to improve the customer journey.»

The strategic partnership between UBank and Aeropay holds the promise of reshaping the financial services landscape in the gaming industry. With a strong focus on compliance, innovation, and customer-centric solutions, this collaboration is set to benefit operators, developers, and gamers alike, as the industry embraces the ever-changing world of payments.

Other articles
The Future of Risk Management Is Shaped by These Four Aspects 
The Embedded Finance Revolution: Transforming Software Platforms and Marketplaces
Cashfree Payments Transforms Bill Payment Collection for Indian Businesses
Finastra Survey Reveals Financial Industry’s Embrace of AI, Embedded Finance, and BaaS
Fintech Trends of 2023 and Predictions for 2024: Insights from Industry Leaders
AI’s Transformative Role in Finance: Insights from Industry Experts
Embedded Lending: A Solution to BNPL’s In-Store Checkout Challenges
Managing KYC and AML in 2023: Trends and Difficulties in the Banking Sector
API-Based Virtual Card Issuance: A Key Driver for Global Spend Growth
PayTabs Expands into Prepaid Card Market with PayTabs Issuance Platform
Latin American FinTech Clara Expands Its Reach with Payment Account Launch in Brazil
FinTech Leads the Way in AI Integration for Risk and Compliance, According to Moody’s Analytics Study
A Glimpse into the Future: European Payments Landscape in 2024
Auto Dealers Discover Savings by Purchasing Cars Directly from Consumers
Surge in Financial Sector’s AI and BaaS Investments