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Quantum Acquires Cashback and Custard App: New Digital Payment Options

Editorially reviewed by Lisa LustichLast review:
Quantum sichert sich Cashback-Dienste und Custard-App: Neue Optionen im digitalen ZahlungsverkehrAI-GENERATED

Quantum announced the acquisition of Cashback services and the Custard Mobile App from Submission Technology. This move significantly expands the company's digital portfolio. Our team at Lisa Lustich has reviewed the details.

What happened

Quantum has completed a significant acquisition. The company is taking over Cashback, Custard, and the Custard Mobile App from Submission Technology. This news spread quickly in the industry. For Quantum, this means a substantial expansion of its service range. We always monitor such developments closely. Especially when it comes to digital payment methods. This acquisition could have far-reaching consequences.

Background

Submission Technology has been a recognized player in digital solutions for years. Their Cashback programs are popular. The Custard App has also established itself. It offers users an easy way to track expenses and earn rewards. With this acquisition, Quantum aims to strengthen its position in the digital market. It is about efficiency. It is about reach. It is also about customer loyalty. The strategy is clear: Offer more services from a single source. Such mergers are not new in the tech world. Companies are constantly looking for growth opportunities. They want to penetrate new markets. Or improve existing offerings. Digitization drives this trend. Consumers expect convenient solutions. Cashback systems are a strong argument. They reward loyal customers. This is a clever move by Quantum to achieve just that. In our editorial office, we often discuss the value of such acquisitions. They show how dynamic this sector is. No standstill, always movement.

Why it matters for German players

The acquisition itself primarily affects service providers directly. However, German online casino players indirectly use many such services. Especially when it comes to payment options. Cashback systems can also be attractive in the iGaming sector. However, strict rules apply in Germany. GGL-licensed casinos like JackpotPiraten.de or CrazyBuzzer.de must adhere to the German Interstate Treaty on Gambling. This also applies to bonus offers. Pure cashback offers are often complex to implement. They must comply with legal requirements. An example: A player makes a deposit. They receive a portion of it back. That sounds like a bonus. And bonuses are heavily regulated. The GGL carefully monitors offers. It wants to ensure player protection. In our experience, the possibilities for comprehensive cashback programs in GGL casinos are limited. Unlike international providers without a German license. There, one sometimes finds more generous offers. But these casinos are not legally accessible to German players. Providers like Merkur-Slots.de and Löwen Play Online focus on transparent and legally compliant offers. They prioritize security and fairness. This is more important to us in the editorial office than the short-term appeal of high bonuses. Long-term gaming fun is paramount.

What it means for GGL-licensed casinos

For GGL-licensed casinos, Quantum's acquisition has no immediate impact. They must continue to adhere to strict regulations. This means: no enticing offers. No incentives that could lead to excessive gambling. Cashback models would have to be carefully scrutinized. They must not contradict the bonus regulations. The focus for German providers is on a safe gaming environment. That is a good thing. We support this approach. Etipwin.de and other licensed providers show that responsible gaming is possible. They offer a fair experience. Without dubious offers. Developments in digital payment transactions are important for all companies. Also for casinos. Fast and secure transactions are essential. But the integration of such services must always be in compliance with German gambling law. There is no room for experimentation here. The GGL is very vigilant. This is a protection for us players. We should always use legal offers. That is our recommendation.

Frequently asked questions

What services did Quantum acquire from Submission Technology?

Quantum has completed the acquisition of cashback services, as well as the Custard App and Custard Mobile App from Submission Technology. This acquisition significantly expands the company's digital portfolio.

What is the background of Quantum's acquisition?

With this acquisition, Quantum aims to strengthen its position in the digital market to achieve greater efficiency, reach, and customer loyalty. Companies are constantly seeking growth opportunities and new markets.

What is the significance of the acquisition for German online casino players?

The acquisition primarily affects service providers, but German players indirectly use such services for payment options. Pure cashback offers are complex to implement in the iGaming sector in Germany and must comply with strict rules.

Are cashback offers common in GGL-licensed casinos?

No, the possibilities for comprehensive cashback programs in GGL-licensed casinos are limited, as they must comply with the strict regulations of the State Treaty on Gambling. The GGL closely monitors offers to ensure player protection.

What impact does the Quantum acquisition have on GGL-licensed casinos?

The acquisition has no immediate impact on GGL-licensed casinos, as they must continue to adhere to strict regulations. Cashback models would need careful examination to ensure they do not contradict bonus regulations.

How should players approach offers in the iGaming sector?

It is recommended to always use legal offers that comply with German gambling law. The GGL is very vigilant, and a safe and fair approach to gambling should be prioritized.

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About the author

Lisa Lustich

Lisa Lustich

Editor-in-chief & casino tester

Lisa Lustich has been testing German-language online casinos since 1997 and runs the Lustich.de newsroom. More than 400 published reviews, certified player-protection advisor (BZgA training, 2019).

All articles by Lisa Lustich

Sources & further reading

In category:Payment News
In country:India
Companies mentioned:QuantumSubmission Technology

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