PayDo — Open Banking
PayDo: Unified Payment and Open Banking Ecosystem for Global Commerce
PayDo has established itself as a comprehensive solution that combines the capabilities of an Electronic Money Institution (EMI) with the disruptive advantages of Open Banking. For iGaming operators, PayDo not only acts as a processor but also as a financial management hub that allows players to fund their accounts directly from their national banks through Account-to-Account (A2A) transfers. This direct connectivity eliminates reliance on traditional card networks, drastically reducing rejection rates and providing a deposit pathway that is inherently more secure and resistant to identity fraud.
The implementation of open banking through PayDo allows for unprecedented visibility of funds and automated reconciliation that saves hundreds of man-hours for financial departments. By using payment initiation service (PIS) flows, the platform ensures that money moves irrevocably, mitigating the chargeback risk that often affects card-based payments. Additionally, its multi-currency infrastructure enables operators to manage treasury in over 13 currencies within a single dashboard, facilitating the flow of deposits and withdrawals (payouts) to execute with the speed demanded by the current market, where instant withdrawals are the greatest loyalty factor for players.
From a compliance perspective, PayDo utilizes verified bank data from the user to strengthen KYC and AML processes. By having access to verified account information under PSD2 standards, operators can instantly confirm the ownership of funds, proactively complying with Responsible Gaming regulations and anti-money laundering measures. This synergy between banking, payments, and data makes PayDo a global scalability tool for any operator looking to simplify their payment tech stack without compromising security.
| Founded | 2017 |
|---|---|
| HQ | Londres, Reino Unido |
| Country | Reino Unido |
| Licenses | FCA (Reino Unido), EMI, MSB Canadá (FINTRAC), MFSA (Malta) |
| Web | https://paydo.com |