AptPay has partnered with NRT Technology and Mastercard to launch an instant payout service for the casinos and gaming industry.

The new service, called smartSEND, is slated to be launched this week at the Global Gaming Expo event.

smartSEND will enable casinos and online gaming sites to transfer prize money into bank accounts, prepaid cards or mobile wallets of the players and guests.

It will be available to all land-based and online casinos in North America through NRT Technology.

The service leverages Mastercard Send, a global push payments platform that facilitates real-time payments of funds to any payment card or account.

The development comes as the gaming and gambling industries record accelerated growth due to digitalisation.

AptPay president Suganthan Vishnu. Krisnarajah said: “With the AptPay solution, not only do we provide real-time disbursements, but we also rigorously monitor transactions and keep bad actors out of the flow.

“The key difference between our system and that of traditional disbursements is that our service is available 24/7/365 including evening and weekends.”

NRT president Michael Dominelli added: “Our smartSEND solution is integrated into various casino touchpoints within the customer journey and removes the friction traditionally associated with paying out winnings by enabling instant and easy payouts.”

Last year, AptPay teamed up with Mastercard to accelerate the process of cash disbursement for businesses across various sectors.