PRESS RELEASES

Betcade receives UK FCA approval to become an Authorised Payment Institution

TAGs: Betcade, Press Releases

London, UK, October 2016Betcade, set to become the first dedicated store for real money gaming apps on Android, is proud to announce that the Financial Conduct Authority (FCA) has officially approved Betcade as an Authorised Payment Institution in the UK.

Betcade receives UK FCA approval to become an Authorised Payment InstitutionThe admission marks another significant milestone for Betcade, ensuring Betcade offers a full range of safe mobile payment processing services including; credit card, debit card, ewallets, bank transfers and more to customers in the UK and Europe for the gambling industry. This licensure further cements the brand as trusted, secure, and backed by the leading financial regulatory institutions in the world.

“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.”

Established on 1st April, 2013, the Financial Conduct Authority is the conduct regulator for 56,000 financial services firms and financial markets in the UK and the prudential regulator for over 24,000 of those firms. With the financial markets needing to be honest, fair and effective for consumers, the FCA’s aim is to make markets work well for individuals, large and small businesses, and for the economy as a whole.

With this in mind the new license will ensure that Betcade is supervised by the FCA and can offer payment services to consumers in the UK and Europe. Full details of the authorisation can be found here.

For more information on Betcade, please visit www.betcade.com

About Betcade

Betcade is launching first dedicated Android app store for the gaming industry and the premier destination for players to discover, download and manage the best gaming apps. Betcade will provide a trusted and secure branded app store that makes it easy for operators to distribute and promote their real money gaming apps, and for players to discover, download and play all of the games they love. Once players install Betcade and download their favorite real-money apps, management, updates and deposits are seamless. Founded to create the first Android ecosystem specifically for gaming, Betcade’s executive team has deep roots in gaming and mobile industries. The company is privately held with offices in Los Angeles, Silicon Valley, and London.

About Paul Barclay:

Paul Barclay is General Manager of Betcade Europe Ltd leading payments and operations for the company in addition to heading up Betcade’s London office. Paul brings a wealth of experience in both the payments and gambling sectors, coming to Betcade from payments service provider Skrill after the company’s successful sale to Optimal Payments (Paysafe PLC), where he was Global VP for the business from 2013.

Previously, Paul was Global VP at WorldPay (RBS) for 15 years, where he was instrumental in initiating and developing its Global Regulated Sectors. Additionally, he steered WorldPay’s divestment from RBS to Advert & Bain in 2010 and has prior to that headed up sales and account management at TrustMarque (Payment Trust). His extensive payments background is further enhanced by 14 years spent at Barclaycard and Barclays Bank.

About David Chang:

Founder and CEO David Chang was formerly CMO and Head of Industry Relations at Gamblit Gaming, and previously founded two mobile games companies, both of which are still active today: Gamiker Inc and OnNet Europe GmbH.

David has had extensive, successful experience launching and scaling companies in the games and gaming industries both in the US and worldwide and is known in both industries as an expert in online games, real money gaming content and technology, regulatory issues, and payment models. He is also an active member of the International Masters of Gaming Law.

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