The online casino market in Finland has developed a lot recently, even though the country's government has not yet introduced legislation to officially open the market to private casino operators. Nevertheless, online casinos which cater to Finnish players have diversified their offering in terms of content and also in terms of payment methods made available to their customers.
Alongside traditional payment methods such as credit and debit cards or bank transfers, online casino operators that allow Finnish players have been adding more and more options like cryptocurrencies, e-wallets and mobile payment apps.
Speaking about the latter, mobile payment applications have become more and more popular around the world, offering people a seamless way to deposit and withdraw funds at online casinos. Brite is one such application, in which people can link their bank accounts to their smartphones and then make instant transactions.
Cryptocurrencies Gaining Ground Along With E-Wallets
Most online casinos that accept players from Finland have integrated cryptocurrency payment options, these tend to be very fast and also quite popular with the younger generation. The most popular currencies are Bitcoin and Ethereum, and these two options are available at several Finnish online casinos.
E-Wallets are also increasingly popular and mainly for the same reason: fast transactions without too much hassle. Transactions with e-wallets tend to be faster than those with credit or debit cards and definitely a lot more convenient and quick than bank transfers. There are several providers that are competing on this market, with the most popular one being big brands such as PayPal, Skrill or Neteller.
However, some banks have sensed the wind of change and have made efforts to compete with the new fintech companies by allowing instant transfers within their own e-banking applications. With these new methods players are able to send money instantly from their bank account to their casino account. Moreover, most major banks in Finland support this method, so there is plenty of access to such swift transactions.
So there are plenty of payment methods available to Finnish online casino players, ranging from the classic ones like credit or debit cards and bank transfers to the most forward-thinking options like cryptocurrencies, mobile payment applications or e-wallets.
Source: “Latest Developments in Payment Methods for Finnish Casino Players“. European Gaming. September 1, 2023.
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