JCM Global Acquires Shareholding in Game Payment Technology

JCM Global Acquires Shareholding in Game Payment Technology

JCM Global is excited to announce that it has acquired 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, parent company of the 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.

Payam Zadeh General Manager EMEA & Managing Director UK · JCM Global said, “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.”

“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,” added Zadeh.

Tim Stratton, director of Game Payment Technology, said “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.”

About Polar Moment
Polar Moment has an excellent track record of delivering software development and consultancy projects for a range of domestic and international clients. Our consultants, working to ISO9001 and ISO27001 processes, have built some of the most important payment card processing systems in Europe – as well as the software that creates live subtitles for the BBC and many other television channels around the world. Polar Moment is a wholly owned subsidiary of Latitude 91 Limited.