Sports betting platform Midnite launches Pay by Bank in the UK via TrueLayer

Source: TrueLayer

Midnite, one of the UK’s fastest growing sports betting platforms, has gone live with TrueLayer’s Pay by Bank, giving players a faster and more secure way to deposit and withdraw directly from their bank accounts.

Founded in 2018, Midnite has built its own mobile-first technology platform covering sports betting and igaming.

Payments are central to that player experience. Deposits and withdrawals are the moments players judge an operator most, and where friction costs the most.

With Pay by Bank live, Midnite players can:

• Deposit and withdraw instantly from their bank account, with no card details to enter
• Authenticate with their bank, using biometrics and real-time payment confirmation
• Pay in a few taps, through an app-to-app flow built for mobile

Early performance of Pay by Bank is strong. Users are familiar with the high-converting UX of Midnite, which is now combined with TrueLayer’s extensive user network of 27 million users across the UK and Europe.

Christian Huynh, lead product manager at Midnite, said: “At Midnite, we want the experience to rival the best consumer apps, and payments are no exception. Players expect money in and out to be instant and secure. TrueLayer’s Pay by Bank gives us the infrastructure to deliver that. The early results speak for themselves.

“We remain committed to providing a user experience that is unrivalled across the market, and we look forward to offering TrueLayer’s fast and reliable Pay by Bank option to our players.”

Roberto Villani, vice president of igaming at TrueLayer, said: “Igaming is where payments get stress-tested. Players want money in and out in seconds, and operators need certainty on every transaction. That is what Pay by Bank was built to do. Midnite has built a modern platform for a new generation of players, and now their payments match it. Strong performance from day one tells you where this partnership is going.”

Further reading: TrueLayer surpasses 15m active users in consumer network