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The Fintech Times

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Paysafe Set to Flourish in Brazilian iGaming Market Following New Payment Institution Licence

  • Paysafe has obtained a payment institution license from the Central Bank of Brazil, allowing it to expand its payment partnerships in Latin America's iGaming market.
  • The license enables Paysafe to support Brazilian merchants in various industries, including e-commerce payments.
  • Paysafe's expansion in Brazil solidifies its presence in the Latin American iGaming space, with partnerships in Argentina, Colombia, Mexico, Panama, Paraguay, Puerto Rico, and Peru.
  • The company is well-positioned to support Brazil's booming iGaming market, projected to have a $34 billion turnover by 2028, with its suite of payment solutions.

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