Tag Archives: Revolut

UKGC – Credit ban applies across all technology verticals

The UK Gambling Commission (UKGC) has this afternoon reminded operators that its ban on credit card transactions applies to all-digital payment processing services. Having implemented licensing condition 6.1.2 on 14 April 2020, the UKGC underlined that its credit card restrictions apply to all-digital payment services including – e-wallets, e-money transfers, mobile banking apps and further Fintech services that allow credit …

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Revolut suspends all UK gambling payments

Following the UK Gambling Commission’s (UKGC) credit card ban, Fintech ‘neobank’ Revolut has confirmed that it has suspended all payments to and from UK gambling sites, transacted through its popular app. Revolut this week informed its users that UK customers ‘won’t be able to use their Revolut cards for any online or offline gambling payments in the UK’. The statement …

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