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.