The Financial Conduct Authority (FCA) has officially approved Betcade as an Authorised Payment Institution on the territory of the UK. The company, which was found only a year ago, is known as the first dedicated Android application store that had been especially developed for the gaming industry. The company offers a reliable branded application that provides players with the chance to search and find, download and manage various gaming applications.
The admission of Betcade as an Authorised Payment Institution is considered as another significant step for the company. Currently the latter provides its customers with a vast range of secure mobile payment processing services allowing them to use credit and debit cards, regular bank transfers, e-wallets, etc. when making payment on gambling websites across not only the UK, but also in Europe.
The fact that the Financial Conduct Authority has cemented Betcade’s positions as an Authorised Payment Institution has increased the overall trust in the brand due to the fact that it has been supported by one of the key financial regulatory institutions on a global scale. Under the appointment, Betcade has been issued a special license that will make sure that the company’s overall activity is monitored by the Financial Conduct Authority and will be able to offer payment services for the gambling industry in the UK and Europe.
The General Manager of Betcade Europe Paul Barclay commented on the FCA approval, saying that the company would remain focused on providing both reliable platform and safe environment for gambling operators and their customers. He described the new license as an important milestone for the payment solutions provided by Betcade, which would give the brand the opportunity to keep working on the features it had been focused over the past two years.
The Financial Conduct Authority was created on April 1st, 2013. Since then, the authority has been operating as the conduct regulatory body for more than 55,000 financial markets and companies providing financial services on the territory of the UK. In addition, the organisation has been operating as an economical regulator for more than 24,000 of the above-mentioned companies.
For more than three years now, ensuring that financial markets and services are honest and efficient has been a paramount goal of the Financial Conduct Authority. The latter has been focused on providing fairness and transparency within these markets and making them work well for customers, including business and individuals.
- Author
Daniel Williams
