JCM Global Acquires Shareholding in Game Payment Technology

JCM Global has announced that it has acquired the UK trade association bacta’s shareholding in Game Payment Technology.

GPT is the cashless payment solution company, previously jointly owned by bacta and Latitude 91, the parent company of industry payments specialists Polar Moment.

The buy-in is a significant move by JCM Global to drive the amusement and gaming machine industry forward with cashless payment solutions. It follows the announcement that JCM Global would use the GPT cashless payment system to extend the functionality of the Ticket2Go market-leading ticketing system.

“There is no doubt that the need for cashless solutions alongside other forms of payment within the gaming sector and the wider world is growing. Therefore, this investment in Game Payment Technology is strategically very important for JCM Global and an extension of the market-leading service our customers have come to expect from us,” Payam Zadeh, JCM General Manager EMEA and Managing Director UK, said.

“These are exciting times for JCM Global and we anticipate that players in jurisdictions around the world will soon be able to pay and collect winnings via Ticket2Go using the GPT app, effectively replacing cash-handling with a simple, ticket-based solution. The combination of the two systems means that operators can offer cashless payment without needing to alter individual gaming machines. The solution incorporates social responsibility measures and opportunities for precisely targeted marketing initiatives,” Zadeh added.

“We are thrilled to see the GPT app, which we developed for the UK machine sector, find a new home with JCM Global, who will be able to develop the technology and roll it out for the benefit of operators and players around the world. The partnership with bacta and Polar Moment to establish Game Payment Technology was unique and extremely successful and we would like to thank all those involved in bringing the app to this point,” Tim Stratton, director of Game Payment Technology, said.