Betcade, the first real money gaming app store for Android, has announced that it has officially been approved as an Authorised Payment Institution by the Financial Conduct Authority (FCA) in the UK.
This licensure guarantees that the brand is backed by the leading financial regulatory institutions globally, and is able to offer secure mobile payment processing services including credit card, debit card, e-wallets, bank transfers, and more to customers in the UK and Europe for the gambling industry.
Paul Barclay, General Manager of Betcade Europe, expressed his pride in the company upon hearing the news: “At the forefront of our launch remains the focus to deliver not only a trustworthy platform, but a secure environment for both operators and consumers. This milestone marks an important part of our payment solutions and one that enables us to deliver all the great features and benefits we’ve been working on over the past two years. It’s a proud moment for the global Betcade team who’ve worked extremely hard to build a best in class app store for the gambling industry.”
The FCA regulates 56,000 financial services firms and financial markets in the UK, with the aim of making markets work well for large and small businesses, and to be honest, safe, and effective for consumers.