In 2024, digital payments have gained widespread traction. It was them that enabled casino websites available in the UK to utilize the relationship Brits have with their smartphones and make mobile gambling the most popular form of placing bets.
In a world where mobile phones are often an extension of our hands, convenient and cheap digital payments transform our lives, and the gambling industry, for the better.
Deep Impact of Digital Payments
The UKGC released a survey showing 74% of people gamble via mobile phones, and that number didn’t come out of nowhere. The popularity of mobile gambling is directly correlated with the rise of digital banking.
Some predictions claim that in 2043, the UK will be a completely cashless society. London is already turning to cashless payments faster than any other city in the country. Even without the 2020 pandemic, the digital renaissance was bound to happen as such payments are:
- Faster and cheaper than traditional payment methods;
- Easily accessible and manageable for all generations;
- Equally safe as traditional alternatives.
The convenience and fact that players can top up in just a few taps caused the expansion of mobile gambling. Before, players had to enter the card details, verify the payment, and share all sorts of data to make a deposit. Now, all they have to do is click Google Pay and confirm the payment.
The Most Popular Types of Digital Payments
It would be easy to think that digital payments are primarily related to online payments with debit cards and bank transfers. However, the options players have at their disposal are much more versatile.
The most popular are e-wallets. Directly connected to bank accounts, they serve as a bridge between the payment account and the casino company, keeping banking info at the bare minimum. Another popular option is phone payments. Although they don’t support withdrawals, they are trendy among the younger generation. Ultimately, players can also choose prepaid cards, vouchers and similar. They grant high levels of privacy and come in many denominations for easy budgeting.
Today, websites for online slot gaming offer plenty of options. Players can choose whichever they like and deposit some cash while riding the Tube during rush hour or travelling.
Are Digital Payments Safe?
Massive surges in consumption always raise a degree of concern. Many gamblers in particular are worried about the safety of digital payments. For that reason, it’s recommended not to embrace every new payment provider on the market but to stick to digital banking companies that have a license and loyal following.
As long as gamblers use the combination of a licensed and trustworthy casino and reliable payment methods, there is nothing to worry about. Being responsible, sticking to proven casino brands in the UK, and taking promises with a pound of salt will keep anyone safe, no matter the type of digital payment they are using.