Never miss a story

Get subscribed to our newsletter

Payment modernization does have its own set of core principles. Pixabay

By Rene

Payment modernization has had a significant impact in the iGaming industry over the last decade. Having more than one payment system and better systems is a perfect way to make it more convenient for customers to complete transactions anytime. Digital payment systems have more pros than cons compared to traditional methods.
Modern payment systems come with transaction solutions; they also give customers gaming tools for responsible gambling. Having the option to monitor your gaming activity, such as getting insights into your spending data and setting limits, is a feature that gives you control over your whole gambling life.

What’s New?

It offers benefits to customers and regulators, and compliance teams to keep up to date with the emerging advances in redesigning such platforms. Having capabilities such as anti-money laundering (AML) and Know Your Customer (KYC) is an added advantage to any party involved in adopting modern payment systems. The systems, designed to work with the relevant authorities within the gaming market, ensure the process runs smoothly. Any illegal activity that may affect the industry is restricted as much as possible.

Follow NewsGram on LinkedIn to know what’s happening around the world.

Transparency is also an excellent feature for modernized payment systems. Having a network solemnly designed for digital transactions makes it convenient to streamline currency transaction reporting (CTR) within the iGaming tech industry. The tools are getting better with time, enhancing all forms of digital payments since the development is strictly focused on keeping the systems free from fraud or other malicious activities. High-risk transactions also get a high level of security like other significant transactions. The systems cut out any third parties that may negatively influence any issue between the regulators, customers, platform developers, and customers.

Jurisdictions and iGaming Industry

Gaming jurisdictions have different ways of implementing any form of system modernization. Hurdles are always there due to security reasons, but the more information the regulators have, the better to progress in introducing modern payment systems to the iGaming industry. Adapting to the market trends is necessary and cannot be avoided if the iGaming industry remains relevant.

Gaming jurisdictions have different ways of implementing any form of system modernization. Pixabay

Principles of Modernization

Contrary to what customers may think, payment modernization does have its own set of core principles. This is a framework for regulators to use to develop any modern payment systems for online casinos. Even with these principles, innovation is still encouraged as they are not too stringent to have limitations on better ideas. The principles are perfect for educating any of the geolocation regulators of online casinos on accepting and having modern payment systems.

Trustly Pay n Play

Trustly Pay n Play is an excellent example of a new payment modernization system. New games are constantly emerging within platforms such as Trustly Pay n Play due to the increase in demand and its advantages.

ALSO READ: Digital Payments In India Sees 76% Growth In Last 12 Months

The use of the latest technology has set a bar in the iGaming industry. The payment system integrated with an online casino seems to be attracting a broad market, especially within Europe. The platform has upgraded to different models, which provide several functionalities and features advantageous to every party that embraces it.


The benefits of modernizing payment systems are endless, especially with better systems coming up often. You are bound to see so much more in the future with revolutionary payment systems from around the iGaming industry to other economic sectors.

(Disclaimer: The article is sponsored and hence promotes some commercial links.)



Feminism itself is nothing but a simple movement that pursues equal rights for women (including transwomen) and against misogyny both external and internal.

"In India, to be born as a man is a crime, to question a woman is an atrocious crime, and this all because of those women who keep suppressing men in the name of feminism."

Feminism, a worldwide movement that started to establish, define and defend equal rights for women in all sections- economically, politically, and socially. India, being a patriarchal society gives a gender advantage to the men in the society thus, Indian feminists sought to fight against the culture-specific issue for women in India. Feminism itself is nothing but a simple movement that pursues equal rights for women (including transwomen) and against misogyny both external and internal. It states nowhere that women should get more wages than men, that women deserve more respect than men, that's pseudo-feminism.

Keep Reading Show less
wikimedia commons

Yakshi statue by Kanayi Kunjiraman at Malampuzha garden, Kerala

Kerala is a land of many good things. It has an abundance of nature, culture, art, and food. It is also a place of legend and myth, and is known for its popular folklore, the legend of Yakshi. This is not a popular tale outside the state, but it is common knowledge for travellers, especially those who fare through forests at night.

The legend of the yakshi is believed to be India's equivalent of the Romanian Dracula, except of course, the Yakshi is a female. Many Malayalis believe that the Yakshi wears a white saree and had long hair. She has a particular fragrance, which is believed to be the fragrance of the Indian devil-tree flowers. She seduces travellers with her beauty, and kills them brutally.

Keep Reading Show less

Ancient India not only made mentions of homosexuality but accepted it as well.

The LGBTQ+ acronym stands for Lesbian, Gay, Bisexual, Transgender, Queer, and others. In India LGBTQ+ community also include a specific social group, part religious cult, and part caste: the Hijras. They are culturally defined either as "neither men nor women" or as men who become women by adopting women's dress and behavior. Section 377 of the India Penal code that criminalized all sexual acts "against the order of nature" i.e. engaging in oral sex or anal sex along with other homosexual activities were against the law, ripping homosexual people off of their basic human rights. Thus, the Indian Supreme Court ruled a portion of Section 377 unconstitutional on 6th September 2018.

Keep reading... Show less