TLDR
- PAGCOR has accredited PayCools as a support service provider for payment gateways and payment channels.
- The company appears on the regulator’s official list dated October 29.
- PayCools plans to offer payment collection services to licensed gaming firms in the Philippines.
- Target clients include casino games, sports betting, bingo and online poker operators.
- CEO Yong Dan said support will cover setup, implementation and daily payment management.
Payment Innovation Inc., the company that operates as PayCools, has been added to the Philippine gaming regulator’s official list of accredited support service providers. The list, issued by the Philippine Amusement and Gaming Corp (PAGCOR), is dated October 29.
The accreditation covers payment gateway solutions and payment channels. It recognizes PayCools as a provider of payment services rather than as a gaming operator. The approval falls under the regulator’s support service provider category.
Following the listing, the company said it plans to explore payment service opportunities within the licensed gaming industry in the Philippines. Its plans were shared in a press release.
PayCools said it intends to work with licensed gaming companies that need help setting up and handling payment collection. The company described the accreditation as its starting point for exploring work in the sector.
What the PAGCOR Listing Covers
PAGCOR keeps a list of accredited support service providers that work with the gaming industry. PayCools appears on that list for payment gateway solutions and payment channels.
The accreditation is tied to PayCools’ role as a payment service provider. Its stated plans focus on payment collection for gaming businesses, from first setup to regular operations.
The company said the listing accompanies its announcement that it will pursue opportunities among licensed businesses. Its statement outlined the services it hopes to offer and the types of regulated firms it plans to approach.
PayCools named several areas of the gaming market as targets for potential clients. These include electronic casino games and sports betting.
The company also plans to seek business from operators of traditional bingo, electronic bingo and online poker. Across all of these areas, PayCools said it would focus on eligible businesses operating within the regulated market.
CEO Outlines Service Approach
PayCools chief executive and president Yong Dan said the accreditation creates a chance to bring the company’s payment services to a new industry. He said the focus would be on helping eligible businesses set up arrangements suited to their operations.
Dan did not describe a single setup for all prospective clients. Instead, he said the company would help each business put in place the payment collection arrangement that fits its needs.
The proposed work would not end once a system is set up. PayCools said it plans to help with both implementation and the day-to-day management of payments. This support would continue during regular operations.
Those tasks would sit alongside helping each business decide on a collection arrangement. Dan identified these practical needs as the focus of the company’s planned work with gaming clients.
PayCools said its current services already help businesses establish and run payment collection systems. That work is supported by the company’s business and technical teams.
The company plans to bring those same services to the licensed gaming market now that it has been accredited. Its announcement links the planned expansion directly to the payment collection work it already provides.
According to the firm, its business and technical teams will support gaming clients through both the setup and the continued operation of payment collection. The company’s name appears on PAGCOR’s accredited provider list dated October 29.
