DIMOCO and NEO.bet partner in German market first
Leading payment provider DIMOCO has become the first authorised provider of carrier billing to the regulated igaming industry in Germany, with NEO.bet set to be the first operator to offer the payment option in the country.
DIMOCO already provides the mobile payment method to sportsbooks in Poland and Austria, with its clients including leading Polish sports betting company STS. To enter the igaming market in Germany, it joined forces with NEO.bet parent company Greenvest Betting Limited to apply to the Gemeinsame Glücksspielbehörde der Länder (GGL) for approval.
DIMOCO is licensed by Austria’s Financial Markets Authority and has pioneered a model whereby mobile network operators (MNOs) act as its agents, meaning they are able to accept payments outside what’s usually permitted under EU regulations. Under this agent model, DIMOCO is responsible for compliance and carries out the KYC process on bettors for igaming companies.
Now DIMOCO’s model has received official accreditation from the GGL, licensed German sports betting and casino operators will be able to accept carrier billing payments up to standard player limits.
“We are honoured to have received official approval for our unique offering from the GGL and this recognition reinforces our dedication to providing secure and efficient payment solutions for the rapidly evolving German igaming industry,” said Bettina Sommer, Senior Vice-President of Sales at DIMOCO.
“Based on our experience in other European countries, we believe the addition of direct carrier billing will be very welcome in Germany, particularly given the country’s extremely high level of smartphone penetration. Germans are known for favouring alternative methods of payment over credit and debit cards, and also for preferring simplified payment systems. Therefore, we expect the option to pay seamlessly from their mobile account to be very popular among players.
“In addition, due to the stringent requirements of both the GGL and mobile network operators, carrier billing will only be available to licensed operators. We therefore view it as something that could give regulated sportsbooks and casinos an advantage against unlicensed companies, which both the regulator and the government have expressed a desire to expel from the German market.”
Galina Werner at Greenvest Betting Limited, said: “We are excited that NEO.bet will be the first sports betting provider in Germany to offer carrier billing. The process of gaining approval from the GGL was lengthy and rigorous and DIMOCO proved the ideal partner to help us navigate this. We look forward to working together now this promising new payment option is authorised.”
According to a report published by the European Gaming & Betting Association in March, Germany is Europe’s fourth-largest igaming market by gross gaming revenues. Mobile network operator association GSMA lists Germany as one of the pioneers of 5G mobile technology, and expects the country to have the highest number of smartphone connections in Europe by 2030, estimating these will reach 111m. In 2024, it had a mobile subscriber penetration rate of 87% and a smartphone adoption rate of 83%.
About DIMOCO Payments
DIMOCO is an Austrian licensed payment institute, acquirer, and innovative carrier billing provider with 20+ years’ experience. It provides designed paytech solutions to access the digital economy and meet every customer need. From carrier billing to cards and beyond. With expertise in innovative set-ups, DIMOCO partners with merchants, creating agile solutions, enabling them to go beyond their payment goals.
About NEO.bet
NEO.bet was one of the first sportsbooks to receive an official German license in October 2020. The company sets itself apart from well-known brands and competitors through innovative products.
“PRO musst du sein” is not just the slogan of the bookmaker, which has been active since 2018, but also its guiding principle. The offering stands out through its combination of professionalism and simplicity, developed by experienced software developers from the German sports betting industry.
The team behind NEO.bet has been active in the sports betting sector for over 20 years. They were involved with the current market leader in Germany from the very beginning, helping it achieve a strong position in both online and retail markets.
Since 2020, NEO.bet has engaged in sports sponsorship, including partnerships with Karlsruher SC, TSG Hoffenheim, the Bundesliga relegation playoffs, and currently with Darmstadt 98, Werder Bremen & Rot-Weiss Essen.
