Redefining the payment experience in Brazil with Pix Biometric Verification. By seamlessly integrating?open banking?and?facial recognition technology, this solution slashes transaction times from 1 minute to under 10 seconds.
In a fast-growing market like sports betting, the ability to process payments quickly and without errors is essential to ensure customer retention and compliance with new regulations.
Traditional Pix payments have a conversion rate of around 90%. Pix Biometric Verification increases this conversion rate to 98%, meaning 8% more payments are successfully completed after being initiated. Almost 10% more in user retention and revenue. With Pix Biometric you can boost conversion rates, enhance user satisfaction, and ensure compliance with evolving regulations.
Pioneering the implementation of Pix Biometrics in the country, this technology allows -as one of its various benefits for this industry- responsible iGaming?by embedding identity verification directly into the payment flow, reducing risks of fraud.
Reducing friction. Increase conversion rates
Pix Biometric Verification isn’t just transforming payments, it’s redefining what’s possible in Brazil’s payments. Here’s how it delivers unmatched value:
10-Second Transactions: Turn payment friction into instant gratification.
Cost Efficiency: Cut third-party verification costs by up to 40%.
Regulatory Confidence: Stay ahead of Brazil’s strict iGaming and financial laws.
Responsible Gaming: Proactively address social concerns while scaling your business.
User Trust: Facial recognition + open banking = unmatched security and transparency.
In a market where speed and compliance are king, Pix Biometric Verification isn’t just an upgrade, it’s a necessity.
How is this going to improve business?
With a focus on security, it instills player confidence by safeguarding personal data and funds. This added layer of protection fosters long-term player loyalty, an essential element in the iGaming industry and more. Our solution also adapts to regional payment preferences, particularly in Brazil, where Pix is widely trusted and popular, ensuring a seamless, familiar payment experience for players. Find out the main advantages.
Increased Conversion: This is a revenue-boosting solution, bringing more money to the table and reducing CAC (Customer Acquisition Cost). By increasing conversion by 10%, that’s significantly more revenue for you.
Simplified User Journey: We remove friction, keeping users on-site without needing to leave the flow. The process is cut down to just 5 seconds and also eliminates the bank messages like “You’re making a payment to Bet” (as seen with Nubank today). This is because with biometric PIX, we (as the Financial Institution) handle the debit directly from users' account, as users have authorized us through Open Finance.
100% Compliance with Responsible iGaming: With Brazilian Open Finance users can set their own maximum limits, allowing you to position this as a responsible gaming solution.
Lower Biometric Costs: Today, operators must perform biometric verification before withdrawals. With our solution, once a user registers and cashes out from an already validated account, there’s no need to use external verification tools like Legitimus, Face ID is already linked through Open Finance.
Our mission, our promise
From shielding every payment with enterprise-grade security protocols to mastering the ever-evolving landscape of local and global regulations, we ensure your operations stay protected?and?compliant. But we don’t stop there. Whether you’re rooted in Brazil or expanding worldwide, we empower your growth with tailored solutions that simplify complexity and fuel agility.
Help you move faster, act smarter, and build deeper trust in regulated markets are our mission. Success isn’t just about technology, it’s about partnership.
With OneKey Payments, you’re not just compliant; you’re unstoppable.
Dingnews.com 01/04/2025