Payment biz PayCools aiming to work with Philippine gaming sector after Pagcor accreditation
Payment Innovation Inc, doing business as PayCools, says it intends to explore a range of payment-service opportunities in the licensed gaming market in Philippines, after receiving the required accreditation from the country’s regulator. Yong Dan, chief executive and president of PayCools, was cit…
Payment Innovation Inc, doing business as PayCools, says it intends to explore a range of payment-service opportunities in the licensed gaming market in Philippines, after receiving the required accreditation from the country’s regulator. Yong Dan, chief executive and president of PayCools, was cited as saying in a press release: “This accreditation opens a path to bring our payment services to a new industry. “Our focus is on helping eligible gaming businesses establish the payment collection setup that fits their operations, with support for implementation and day-to-day payment management.” The firm said it would seek clients from regulated businesses involved in electronic casino games, sports betting, traditional and electronic bingo, and online poker. Per the company, its accreditation from the Philippine Amusement and Gaming Corp (Pagcor) is as a “Support Service Provider for Payment Gateway Solution/Payment Channel”. The firm appears on Pagcor’s official list of “Accredited Support Service Providers” as of October 29. Per its statement, PayCools’ existing services help businesses set up and operate payment collection, supported by business and technical teams.