In a key step for innovation in igaming payments, the European Gaming and Betting Association (EGBA) has backed the recent approval by the European Parliament of a regulation introducing a new European Digital Identity (e-ID).
At the centre of the developments is bolstering progress towards a more secure and inclusive digital environment for those across the European Union (EU). The new e-ID has been described as ‘a transformative tool’ that addresses several concerns in the digital sphere.
Maarten Haijer, Secretary General, EGBA, commented on the developments: “We welcome the European Parliament’s approval of a unified digital identity framework and are confident that the use of the new e-ID in our sector will lead to a more seamless and trustworthy online experience for players and help to reduce costs and administration for gambling operators.
“This innovative tool represents an important step towards building a more secure and user-friendly digital ecosystem, aligning with EGBA’s core objectives of promoting integrity, transparency, and a safe, consumer-centric playing environment.”
The Regulation, which will be adopted by the Parliament on February 29, will look to enable citizens to identify and authenticate themselves online without having to resort to commercial providers.
According to the EGBA, the success of the e-ID will hinge on a high participation rate among citizens. The use of the e-ID will be entirely voluntary for citizens and businesses, including gambling operators. Thus, gambling operators have the flexibility to determine whether they wish to integrate the e-ID tool into their know-your-customer processes.
EGBA has been a supporter of the e-ID since it was proposed by the European Commission in 2021, recognising its potential to revolutionise the way online services are accessed and utilised in the EU, offering a streamlined and secure means for individuals to verify their identity and engage in various digital activities.
