MiFinity’s Payment Expansion with Deriv and N1
MiFinity’s Collaboration with Deriv
MiFinity has partnered with Deriv, a prominent provider of internet trading services which is run by the Deriv Group, for allowing Deriv customers to deposit and withdraw money from their accounts via MiFinity’s eWallet. Deriv provides online traders with a broad range of products and services, such as CFDs and other services on forex, indices, cryptocurrencies, commodities, and synthetics. It is a global leader in online trading with more than 2.5 million traders internationally and a trading volume of over $10 billion.
The MiFinity eWallet is compatible with over 40 regional payment options, comes in 17 currencies, and has 20 language options. Without leaving Deriv’s website, users can select their MiFinity eWallet in the “cashier” section and make a transaction there. The user experience is personalized for the user using the MiFinity iFrame, increasing conversion rates and lowering hassle throughout the payment process. Deriv will be able to expand its presence in strategic regions thanks to MiFinity, particularly in Latin America, where the company provides a variety of alternative payment options.
Mifinity CEO Paul Kavanagh has said that “At MiFinity we share many of the same values as Deriv, such as delivering the best customer experience and giving customers more control over their money, and offering super-low fees and no hidden costs. So, we’re excited to provide Deriv’s traders the option to use their MiFinity eWallet on the platform. That way, they can spend more on what they want and less on transaction fees.”
Deriv’s Head of Payments and Marketing section Derek Smith said, “We’re always looking for ways to improve the user experience for our traders. Making a deposit or withdrawal easily is key to that experience. MiFinity offers a simple solution and supports multiple currencies, languages, and local payment methods, so it’s a great addition to our cashier in our target markets.”
MiFinity’s Collaboration with N1
MiFinity has recently announced its partnership with N1 Interactive Limited, one of the most popular online casino operators. For gamers in various countries, N1 Interactive provides a variety of payment options. In order to enhance the transaction process, MiFinity will collaborate with N1 Interactive to offer players their preferred payment option via the MiFinity eWallet.
N1 Interactive is a subsidiary of the Hurricane Global Group, which MGA Malta authorizes. It operates approximately 37 live casino brands in addition to its own casinos under its own labels, like N1 Casino. Brands like Casino Universe, Slot Hunter Casino, and N1 Casino will now allow players to use their MiFinity eWallet for payments. After registering for a MiFinity eWallet, players can send money using their favorite local payment option. Then, when playing online, players simply can choose the MiFinity option at the “cashier” section for deposits and withdrawals.
N1 Interactive stated that “We’ve onboarded MiFinity because they offer a wide range of local payment methods in our target markets, as well as having an in-depth understanding of these markets. With their support, we can provide better service to our players and streamline the payment journey, increasing conversions and removing transaction barriers.”
MiFinity expressed its confidence in the safety of its eWallet and said that “We have considerable experience in N1 Interactive’s key European markets, providing customers with localized payment methods via our eWallet. With over 40 integrated payment methods, we can significantly reduce the risk of a player abandoning the cashier across all N1 Interactive’s live brands.”