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Category: High-Risk Industries

4 Challenges that Online Gaming Companies Face

gaming

Gaming is one of the fastest growing industries in the world and there are many statistics to prove it. According to Accenture, the industry size now exceeds $300 billion. Also, the year-on-year viewership growth is more than 11%. With many gaming companies being developed every day, regulatory bodies being involved, and money flowing in, it […]

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4 Tips For Low-risk Clients In High-risk Environments

low-risk

Blog post by Emils Kragis, Business Development Officer at PayPugs De-risking is how banks reduce their banking relationships with high-risk jurisdictions in an effort to stay compliant with the regulations. The potential of jurisdictions such as Ukraine, Ghana, and Nigeria have been dismissed by many other low-risk jurisdictions, as they are considered too high-risk to […]

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The Importance of Risk Management For Your Business

Risk management in business has always been important, however the last year has highlighted just how crucial it is to the maintenance and success of your business.  Every business and organisation faces the risk of unplanned and unexpected events that can harm their business, cost them money or even cause closure.  Risk management allows your […]

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How Do I Know If I’m Considered A High-risk Business?

high-risk

Businesses are designated as high-risk by banks, credit card processors and insurance companies. This is due to a combination of risk management factors, including whether your business type is heavily regulated by a government (or disparately regulated by various states), runs a higher risk of defaulting on a loan or incurring chargebacks, or operates in […]

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Banking Made Easy for Medium To High-risk Gaming Businesses

high-risk

By Karlis Balodis, Business Development officer at PayPugs PayPugs is an international company with a multi- lingual team. We understand the frustrations of doing business outside your own country and dealing with retail banks. We know that retail banks classify certain businesses, such as gaming, as high-risk just because they hold a license in a […]

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