Betcade gains FCA approval as authorised payment institution

Posted on by Jennifer McLean

Betcade, 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.

The 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.