They are a new type of online casino that’s been made possible by the open banking initiative. These online casinos NZ offer players the ability to connect their bank account directly to the open banking casino, so they can make deposits and withdrawals using their online banking login. This allows for a much more seamless and convenient experience for players, as well as providing them with greater security and peace of mind knowing their bank is directly involved in the transactions.
Looking for the best open banking casinos in New Zealand or simply want to learn more about this technology? Check out our article then!
Highlights:
- Open banking is the latest technology where you can share your data with third-parties
- It is completely safe and secure
- Casino deposits and withdrawals are instant
- Not many online casinos offer this service, but we've managed to find a few that do!
Open Banking Casinos New Zealand
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- Deposit & withdrawal with Interac
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- Deposit and withdrawal with Interac
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- Deposit and withdrawal with Interac
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- Same day withdrawals
What Is Open Banking And How Does It Work In the Casino Industry?
Open banking is a term used to describe the practise of sharing financial data with third-party providers. In the past, this data was typically only accessible by banks and other financial institutions. However, open banking allows consumers and businesses to share their financial information with approved third parties. This information can then be used to offer products and services that are tailored to the individual's needs.
In the casino industry, open banking can be used to provide a more personalised experience for players. For example, casinos can use player data to offer customised bonuses and promotions. This means that players are more likely to receive offers that are relevant to their gaming habits.
But what is most important is that open banking can be used to make instant withdrawals, verify player identities, and prevent fraud. As a result, open banking provides a number of benefits for both casino operators and players.
A few companies are already leading the way in this area, including Trustly and Poli. These companies use open banking to make it easier for casinos to connect with customers, build stronger relationships, and provide a better overall experience.
It is evident that open banking will have a major impact on the casino industry. It remains to be seen how exactly this will play out in the near future. However, one thing is certain: open banking will make playing at the casino more convenient and secure for players around the world.
The Best 3 Open Banking Casinos in New Zealand
- Hell Spin Casino ⭐⭐⭐⭐⭐
- Jonny Jackpot⭐⭐⭐⭐⭐
- Sol Casino ⭐⭐⭐⭐⭐
Hell Spin Casino
Hell Spin Casino is a new and exciting instant withdrawal casino with an extensive range of games for all tastes. The site also offers full mobile support, so you can enjoy your favourite casino table games or slot machines on the go! Top choice for instant casino banking.
Jonny Jackpot Casino
Jonny Jackpot is another great option for open banking casinos. Licenced by the UKGC and MGA, this Skrill casino offers a safe and secure gambling environment for all players. With hundreds of games on offer, including slots, table games, and live dealer games, there's something for every Kiwi player at Jonny Jackpot Casino.
Sol Casino
Sol Casino is an open banking casino that offers players a safe and secure gambling environment. Hell Spin Casino has hundreds of games to offer, so no matter what your taste in gaming is, you'll be able to find something that suits it.
Open Banking Casinos: Benefits & Cons
Pros
- Instant deposits and withdrawals: One of the main benefits of open banking casinos is the ability to offer instant deposits and withdrawals. This is because open banking allows for real-time payment processing. As a result, players can deposit funds into their accounts and start playing immediately. Similarly, they can also withdraw winnings as soon as they finish playing.
- No account: Another benefit of open banking casinos is that they do not require players to create an account. This is because all of the player's financial information is stored with their bank. As such, there is no need for players to input their personal details when they sign up for an account. This can save a lot of time and hassle for both casino operators and players.
- Verify player identity: Open banking can also be used to verify player identity. This is because all of the player's financial information is stored with their bank. As such, casinos can use this information to confirm that the player is who they say they are. This helps to prevent fraud and ensure that only legitimate players are able to access the casino.
- Prevent fraud: Open banking can also be used to prevent fraud. This is because all of the player's financial information is stored with their bank. As such, casinos can use this information to confirm that the player is who they say they are. This helps to prevent fraud and ensure that only legitimate players are able to access the casino.
- No SMS and spam emails: The main benefit of open banking casinos is that they do not require you to input your phone number. This prevents the flooding of players with SMS and spam emails, which can be distracting when trying to gamble!
Cons
- There are not many open banking casinos in New Zealand
- Some players might not feel really comfortable using this service.
How To Use Open Banking For Deposits and Withdrawals at Online Casinos
In order to use open banking for deposits and withdrawals, you will need to have an online banking account with a participating bank. Once you have this, you can then select Trustly, Poli casino, or instant bank transfer casino as your payment method when you are making a deposit or withdrawal at an online casino.
When you do this, you will be redirected to your bank's website, where you will be asked to login and confirm the transaction. Once this is done, the funds will be transferred immediately, and you will be able to start playing! Simple as that.
The Future of Open Banking In The Casino Industry
The online casino industry is one of the most exciting and rapidly growing sectors in the world today. And with the advent of open banking, it's only going to get more interesting.
For the casino industry, this means that players can now not only get access to more information about their gaming activities but also have better control over their finances when playing at a casino. This will lead to safer and more secure gaming experiences for customers and improved customer satisfaction levels.
In the future, we expect to see more online casinos offering open banking as a payment method.
Open banking also enables casinos to analyse customer behaviour and spending patterns more accurately, allowing them to make better decisions as to how they target customers with offers and promotions. It gives casinos the ability to access AI-powered insights and analytics, which can help them both attract and retain more customers.
Overall, open banking promises a brighter future for the casino industry. With improved security measures, better customer satisfaction, and more data-driven insights, the casino industry is well placed to take full advantage of this emerging technology. It's an exciting time for the sector, and I'm looking forward to seeing how it evolves over the coming years.
Last Updated on September 1, 2023 by Dan
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Senior content manager for the New Zealand market. With over eight years of experience in the NZ online casino industry, I've seen and experienced basically everything this market offers. From Auckland and a seasoned affiliate marketer.