UK FCA approves Betcade as Authorised Payment Institution

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Paul Barclay

Real money Android app store Betcade has confirmed that it has been approved an ‘Authorised Payment Institution’ for the UK by the Financial Conduct Authority (FCA).

Updating the market, Betcade governance stated that its FCA approval market a significant milestone for its product which had been officially launched in the UK this May.

Moving forward, the Betcade app store will be allowed to offer a full range of safe mobile payment processing services including; credit card, debit card, ewallets, bank transfers

“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,” said Paul Barclay, General Manager of Betcade Europe.

“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 2 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.”

Gaining an ‘Authorised Payment Institution’ all Betcade payment transactions for the UK and Europe will be supervised by the FCA.


Source: SBC News

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