Trends
Paysafe expands payment solutions into Brazil’s iGaming market
Paysafe receives a Central Bank licence, entering Brazil’s regulated iGaming market and offering solutions for eCommerce growth.
Headline
Paysafe receives a Central Bank licence, entering Brazil’s regulated iGaming market and offering solutions for eCommerce growth.
Context
Paysafe , a global payments technology leader, has received a payment institution (PI) licence from the Central Bank of Brazil (BCB) . This regulatory milestone marks Paysafe’s official entry into Brazil’s rapidly growing iGaming market, which includes online sports betting and gambling. Brazil is expected to become the largest regulated iGaming market in Latin America, with a forecasted sports-betting turnover of $34 billion by 2028.
Evidence
Pending intelligence enrichment.
Analysis
This licence allows Paysafe to leverage its extensive expertise in regulated markets, including Argentina, Colombia, Mexico, and Peru. Beyond gaming, the company plans to offer tailored payment solutions to other Brazilian eCommerce sectors such as travel and entertainment. Paysafe Chief Revenue Officer Rob Gatto emphasised the company’s readiness to support local operators and merchants with advanced payment capabilities, positioning Brazil as a crucial hub in Paysafe’s Latin American expansion strategy. Also read: WordPress.org threatens possible shutdown in 2025 Also read: What is the difference between web hosting and cloud hosting? Brazil’s regulated iGaming market is poised for massive growth, driven by its population of over 212 million and increasing digital adoption. With its new PI licence, Paysafe can play a pivotal role in transforming the sector by providing streamlined and secure payment solutions tailored to Brazilian consumers’ preferences.
Key Points
- Paysafe secures a payment institution licence from the Central Bank of Brazil.
- The company aims to serve Brazil’s growing iGaming sector and broader eCommerce market.
Actions
Pending intelligence enrichment.
