The payments team of IGT delivers the most innovative retail payment system in preparation for the post-COVID-19 period.
International Game Technology PLC (“IGT”) (NYSE: IGT) announced today its cashless gaming technology of Svenska Spel ‘s new game era throughout Sweden. With the use of the IGT’s INTELLIGEN™ IGPay™ systems, Svenska Spel Svenska Spel players can now securely and easily fund their playback from their mobile devices at Videos Lottery Terminals (‘VLT’s).
The latest announcement of IGT INTELLIGEN VLT and Quasar ® VLTs by Svenska Spel allows players to register and manage VLTs by combining with their individual, nationally accessible Digital Banking ID, paving the way with cashless gaming with IGTPay add-on.
Now, when the Svenska Spel VLT is activated, the players logging to a Svenska Spel VLT will collect funds from Swish, a commonly used mobile payment system in Sweden operated by the banks, directly from their bank account. Players clearly decide to switch from their mobile device and launch their favorite VLT games. It takes only seconds to complete this operation. After the game is done, Svenska Spel can automatically and instantly return any available funds into the player’s bank account for a progressive retailing experience.
Magnus Lannersund, Director of VLT Operations, Svenska Spel AB said: “Launching IGT’s cashless product provides our players with a reliable, cutting-edge cashless solution that connects directly with the Swish mobile app, helping us drive efficiencies while responsibly advancing the player experience. IGT has been instrumental in our enterprise-wide modernization with solutions such as the Quasar VLT, the INTELLIGEN central system, our responsible gaming functions and now through their next-generation IGTPay cashless technology. This retail project was among the first of its kind in Sweden, enabling a retail business owner to return funds to a consumer’s bank account via a consumer’s mobile app. Svenska Spel is proud to be at the forefront of retail innovation especially when the need for cashless options for the post-COVID-19 era is more crucial than ever.”
“Svenska Spel is at the forefront of innovation with IGT’s cashless gaming solution. This groundbreaking technology introduces a contemporary consumer experience to land-based gaming in one of the most progressive societies in the world,” said Declan Harkin, IGT Senior Vice President and COO, International. “The combination of IGT’s INTELLIGEN and IGTPay products builds upon our payment expertise in the digital gaming and lottery segments to create a solution that enables players to enjoy the convenience and security of cashless gaming in retail.”
“As the relevance of cashless and contactless gaming innovations continues to grow, technologies such as IGT INTELLIGEN with IGTPay become critical components of the player experience, and solutions that can bring tremendous value to our global customers,” said Ryan Reddy, IGT Vice President, Systems and Payments Products. “We have established a dedicated Payments Team to ensure that customers such as Svenska Spel are equipped with IGT solutions and services that deliver modern payment options that align with consumer expectations and future business opportunities.”
