Payment Innovation Inc., operating under the PayCools name, is preparing to enter the Philippines’ licensed gaming payments sector after receiving accreditation from the Philippine Amusement and Gaming Corporation (PAGCOR). The company plans to explore partnerships with regulated gaming businesses that need support with payment collection and processing.
PayCools has identified several potential client categories, including electronic casino operators, sports betting companies, traditional and electronic bingo businesses, and online poker providers. Its proposed services will focus on helping eligible operators establish payment collection arrangements suited to their business models and operational requirements.
PAGCOR’s accreditation covers payment gateway solutions and payment channel services. PayCools appears on the regulator’s list of accredited support service providers dated 29 October. The accreditation gives the company an opportunity to pursue business within the regulated gaming market, although it does not itself make PayCools a gaming operator.
The company intends to bring its existing payment infrastructure and support capabilities to the sector. Its current services help businesses establish payment collection systems and manage their ongoing operations, with business and technical teams involved in implementation and maintenance.
The accreditation creates an opportunity to introduce our services to a new industry. It is important to develop payment arrangements that fit the needs of individual businesses rather than relying on a single standard setup.
Yong Dan, Chief Executive and President at PayCools
he planned support will extend beyond initial implementation. PayCools expects to help gaming clients establish their payment channels and manage collection processes during day-to-day operations. This includes technical and business assistance as operators integrate the services into their existing systems.
The move comes as payment infrastructure remains an important part of the Philippines’ regulated online gaming sector. Licensed businesses need reliable collection arrangements to support their operations, while service providers are seeking opportunities to work with companies that meet the country’s regulatory requirements.
PayCools’ next step is to explore partnerships with eligible gaming businesses and introduce its payment gateway and channel services to the market.
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