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Xace secures MFSA licence, boosting EU igaming payment services

| By iGB Editorial Team
Malta Financial Services Authority has granted a licence to Xace, a leader in igaming financial solutions, paving the way for transformative payment services across Europe.

Xace, a pioneering payment provider focused on the igaming industry, has achieved another success with the recent approval of a licence from the Malta Financial Services Authority (MFSA). This development is poised to accelerate the company’s growth in the European Union, further enhancing its reputation as a key player in the igaming market.

Since its inception, Xace has been dedicated to simplifying financial transactions for gaming businesses. With this new licence, Xace reaffirms its commitment to meeting the specialised payment needs of the igaming sector, which frequently encounters hurdles with conventional financial institutions. This licence not only signifies a new era for Xace but also for the European igaming industry, offering access to a stable business account and payments solution.

David Hodkinson, group CEO of Xace, expressed his enthusiasm for the news: “Our mission has always been clear: to offer an effective alternative to traditional banking for the igaming sector. With the MFSA licence, we’re now uniquely positioned to enhance our offering of reliable, cutting-edge payment solutions to Maltese and European gaming firms alike.”

Roderick Psaila, chairman of Xace Europe, who played a key role in securing the licence, added: “Achieving this licence is a milestone for us. The igaming industry desperately needs a stable, secure and reputable financial provider, so we are thankful to the MFSA for their diligent and efficient contribution during the whole application process. They have proven to be a robust regulator with approachable guidance throughout, meaning Xace Europe’s new home is set to fill a prominent role across the EU – without hindrance.”