Home » Paysafe Secures Brazil Payment License, Eyes $34B Sports Betting Market Expansion

Paysafe Secures Brazil Payment License, Eyes $34B Sports Betting Market Expansion

Paysafe Secures Brazil Payment License, Eyes B Sports Betting Market Expansion





Paysafe (NYSE: PSFE) has received a payment institution (PI) license from the Central Bank of Brazil (BCB), enabling its expansion into Brazil’s regulated online sports-betting and gambling market. This strategic move positions Paysafe to tap into Latin America’s most populated country, with projected sports-betting turnover of $34 billion by 2028.

The company will offer various payment solutions including Skrill and NETELLER digital wallets, and alternative payment methods through its SafetyPay gateway, including instant bank transfers via BCB’s Pix payment system. Paysafe, which recently joined the Brazilian Association of Fintechs (ABFintechs), already operates in over 90 regulated global iGaming jurisdictions, including several Latin American countries such as Argentina, Colombia, Mexico, and Peru.

Beyond iGaming, the PI license allows Paysafe to support Brazilian eCommerce, travel, entertainment merchants, and digital content creators with its payment solutions.

Paysafe (NYSE: PSFE) ha ricevuto una licenza di istituto di pagamento (PI) dalla Banca Centrale del Brasile (BCB), consentendo la sua espansione nel mercato delle scommesse sportive online e del gioco d’azzardo regolamentato in Brasile. Questa mossa strategica posiziona Paysafe per sfruttare il paese più popolato dell’America Latina, con un fatturato previsto nel settore delle scommesse sportive di 34 miliardi di dollari entro il 2028.

L’azienda offrirà varie soluzioni di pagamento, tra cui i portafogli digitali Skrill e NETELLER, e metodi di pagamento alternativi tramite il suo gateway SafetyPay, incluso il bonifico bancario istantaneo tramite il sistema di pagamento Pix del BCB. Paysafe, che ha recentemente aderito all’Associazione Brasiliana delle Fintechs (ABFintechs), opera già in oltre 90 giurisdizioni iGaming globali regolate, inclusi vari paesi latinoamericani come Argentina, Colombia, Messico e Perù.

Oltre all’iGaming, la licenza PI consente a Paysafe di supportare l’eCommerce brasiliano, i commercianti nel settore dei viaggi, dell’intrattenimento e i creatori di contenuti digitali con le sue soluzioni di pagamento.

Paysafe (NYSE: PSFE) ha recibido una licencia de institución de pagos (PI) del Banco Central de Brasil (BCB), lo que le permite expandirse en el mercado regulado de apuestas deportivas y juego en línea de Brasil. Este movimiento estratégico posiciona a Paysafe para aprovechar el país más poblado de América Latina, con un volumen de apuestas deportivas proyectado de 34 mil millones de dólares para 2028.

La empresa ofrecerá diversas soluciones de pago, incluyendo billeteras digitales como Skrill y NETELLER, y métodos de pago alternativos a través de su gateway SafetyPay, incluyendo transferencias bancarias instantáneas mediante el sistema de pago Pix del BCB. Paysafe, que recientemente se unió a la Asociación Brasileña de Fintechs (ABFintechs), ya opera en más de 90 jurisdicciones de iGaming global reguladas, incluyendo varios países latinoamericanos como Argentina, Colombia, México y Perú.

Más allá del iGaming, la licencia PI permite a Paysafe apoyar el comercio electrónico brasileño, comerciantes de viajes, entretenimiento y creadores de contenido digital con sus soluciones de pago.

페이세이프 (NYSE: PSFE)는 브라질 중앙은행(BCB)으로부터 결제 기관(PI) 라이센스를 받아 브라질의 규제된 온라인 스포츠 베팅 및 도박 시장으로 확장할 수 있게 되었습니다. 이 전략적 움직임은 페이세이프가 라틴 아메리카에서 가장 인구가 많은 국가를 겨냥할 수 있는 기반을 마련하며, 2028년까지 340억 달러의 스포츠 베팅 매출이 예상됩니다.

회사는 Skrill 및 NETELLER 디지털 지갑을 포함한 다양한 결제 솔루션과 BCB의 Pix 결제 시스템을 통한 즉각적인 은행 송금을 포함한 SafetyPay 게이트웨이를 통해 대체 결제 방법을 제공할 예정입니다. 최근 브라질 핀테크 협회(ABFintechs)에 가입한 페이세이프는 이미 아르헨티나, 콜롬비아, 멕시코, 페루 등 여러 라틴 아메리카 국가를 포함하여 90개 이상의 세계적으로 규제된 iGaming 관할권에서 운영되고 있습니다.

iGaming을 넘어, PI 라이센스는 페이세이프가 브라질 전자상거래, 여행, 엔터테인먼트 상인 및 디지털 콘텐츠 제작자를 지원하기 위한 결제 솔루션을 제공할 수 있게 합니다.

Paysafe (NYSE: PSFE) a reçu une licence d’institution de paiement (PI) de la Banque centrale du Brésil (BCB), permettant son expansion dans le marché réglementé des paris sportifs et des jeux en ligne au Brésil. Ce mouvement stratégique positionne Paysafe pour tirer parti du pays le plus peuplé d’Amérique latine, avec un chiffre d’affaires projeté dans les paris sportifs de 34 milliards de dollars d’ici 2028.

La société proposera diverses solutions de paiement, y compris les portefeuilles numériques Skrill et NETELLER, ainsi que des méthodes de paiement alternatives via sa passerelle SafetyPay, y compris des virements bancaires instantanés via le système de paiement Pix du BCB. Paysafe, qui a récemment rejoint l’Association brésilienne des Fintechs (ABFintechs), opère déjà dans plus de 90 juridictions iGaming réglementées dans le monde, y compris plusieurs pays d’Amérique latine tels que l’Argentine, la Colombie, le Mexique et le Pérou.

Au-delà de l’iGaming, la licence PI permet à Paysafe de soutenir le commerce électronique brésilien, les marchands de voyage, de divertissement et les créateurs de contenu numérique avec ses solutions de paiement.

Paysafe (NYSE: PSFE) hat eine Zahlungsinstitutslizenz (PI) von der Zentralbank von Brasilien (BCB) erhalten, die die Erweiterung in den regulierten Online-Sportwetten- und Glücksspielmarkt Brasiliens ermöglicht. Dieser strategische Schritt positioniert Paysafe, um in das am meisten bevölkerte Land Lateinamerikas einzutreten, mit einem prognostizierten Sportwetten-Umsatz von 34 Milliarden Dollar bis 2028.

Das Unternehmen wird verschiedene Zahlungslösungen anbieten, darunter die digitalen Geldbörsen Skrill und NETELLER sowie alternative Zahlungsmethoden über sein SafetyPay-Gateway, einschließlich sofortiger Banküberweisungen über das Pix-Zahlungssystem der BCB. Paysafe, das kürzlich der Brasilianischen Assoziation der Fintechs (ABFintechs) beigetreten ist, ist bereits in über 90 regulierten globalen iGaming-Jurisdiktionen tätig, einschließlich mehrerer lateinamerikanischer Länder wie Argentinien, Kolumbien, Mexiko und Peru.

Über iGaming hinaus ermöglicht die PI-Lizenz Paysafe, brasilianische E-Commerce-, Reise-, Unterhaltungshändler und digitale Inhaltsanbieter mit seinen Zahlungslösungen zu unterstützen.

Positive


  • Received payment institution license from Central Bank of Brazil

  • Entry into Brazil’s market with projected $34B sports-betting turnover by 2028

  • Expansion of payment services to Brazil’s population of 212 million

  • Diversification into Brazilian eCommerce, travel, and entertainment sectors

Insights


The Central Bank of Brazil’s payment institution license positions Paysafe strategically in a market projected to reach $34 billion in sports-betting turnover by 2028. This regulatory approval unlocks significant revenue potential in Latin America’s largest economy, with a population of 212 million. The timing is particularly advantageous as Brazil’s regulated sports-betting market launches, creating first-mover advantages for established payment processors.

Paysafe’s comprehensive payment solution suite, including Skrill, NETELLER and integration with Brazil’s Pix system, provides a competitive edge in capturing market share. The diversification beyond iGaming into broader eCommerce, travel and entertainment sectors mitigates risk and expands revenue streams. The company’s existing presence in 90+ regulated jurisdictions demonstrates operational expertise in navigating complex regulatory environments.

For investors, this expansion represents a catalyst for growth, particularly given Brazil’s potential to become the world’s third-largest betting market. The integration with the local fintech ecosystem through ABFintechs membership enhances market credibility and facilitates partnerships.

Brazil’s iGaming market presents a transformative opportunity in the global gambling landscape. The country’s demographic profile, with high mobile penetration and a strong sports culture, creates ideal conditions for rapid market growth. Comparative analysis with other LATAM markets suggests Brazil could outpace regional peers by 300% to 400% in betting volume.

Paysafe’s multi-channel payment infrastructure addresses a critical market need, as Brazilian consumers traditionally use diverse payment methods. The Pix integration is particularly strategic, as it has achieved 70% adoption among Brazilian consumers since its launch. The expansion beyond gaming into broader digital commerce positions Paysafe to capture value across multiple high-growth sectors in Brazil’s digital economy.












Central Bank of Brazil grants Paysafe a payment institution license for launch of LATAM’s largest regulated online sports-betting market

LONDON–(BUSINESS WIRE)–
Paysafe (NYSE: PSFE), a global payments platform, today announced that it has received approval from the Central Bank of Brazil (BCB) for a payment institution (PI) license for the country’s launch of its regulated online sports-betting and gambling market. The license allows Paysafe to expand its payment partnerships with iGaming operators into Latin America’s most populated country as well as support Brazilian merchants in a range of other industries with eCommerce payments.

The PI license enables Paysafe, which also recently joined the Brazilian Association of Fintechs (ABFintechs), to deepen its substantial footprint in the regulated Latin American iGaming space. The 90+ regulated global iGaming jurisdictions where Paysafe currently has a presence include Argentina, Colombia, Mexico, Panama, Paraguay, Puerto Rico, and, most recently, Peru, whose new regulated market went live in early 2024.

With a population of 212 million and projected sports-betting turnover of $34 billion by 2028, Brazil is expected to eclipse all other Latin American jurisdictions in size – and Paysafe is strongly positioned to support the market’s growth potential. In addition to being able to extend its established partnerships with leading international operators into Brazil, Paysafe offers a suite of payment choices catering to Brazilians’ diverse payment preferences.

By partnering with Paysafe, Brazilian operators can offer their customers Skrill and NETELLER, the most established digital wallets developed specifically for iGaming, as well as a range of other alternative payment methods (APMs) via Paysafe’s SafetyPay payment gateway, including instant bank transfers using BCB’s Pix payment system.

Beyond online sports-betting and iGaming, Paysafe’s PI license allows the company to support Brazilian eCommerce, travel and entertainment merchants as well as digital content creators with its suite of APMs.

“With this expansion, Paysafe is poised to better serve the Brazilian market with payment solutions, including the regulated Brazilian iGaming market, which will mark a new era for not only Latin American gaming but also the global space, with the country becoming the third largest betting jurisdiction on earth,” said Rob Gatto, Chief Revenue Officer at Paysafe. “We’re delighted to bring our deep payments, regulatory and compliance experience into play in this important new market to support Brazilian operators’ growth with our payment solutions following our new payment institution license, which will also allow us to streamline online transactions for local travel and entertainment merchants.”

About Paysafe

Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry leading capabilities in payment processing, digital wallet, and online cash solutions. With over 25 years of online payment experience, an annualized transactional volume of $140 billion in 2023, and approximately 3,200 employees located in 12+ countries, Paysafe connects businesses and consumers across 260 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.

The Paysafe Press Office via PR@Paysafe.com

Source: Paysafe Limited








FAQ



What does Paysafe’s Brazilian payment institution license allow PSFE to do?


The license allows Paysafe to offer payment services in Brazil’s regulated online sports-betting market and support Brazilian merchants in eCommerce, travel, and entertainment sectors with payment solutions.


What is the projected sports-betting turnover for Brazil by 2028 for PSFE?


Brazil’s sports-betting market is projected to reach $34 billion in turnover by 2028, making it the third largest betting jurisdiction globally.


What payment solutions will PSFE offer in the Brazilian market?


Paysafe will offer Skrill and NETELLER digital wallets, plus alternative payment methods through SafetyPay gateway, including instant bank transfers using BCB’s Pix payment system.


How many regulated gaming jurisdictions does PSFE currently operate in?


Paysafe operates in over 90 regulated global iGaming jurisdictions, including Argentina, Colombia, Mexico, Panama, Paraguay, Puerto Rico, and Peru.


What is the size of the Brazilian market that PSFE will serve?


Paysafe will serve Brazil’s population of 212 million, making it the largest market in Latin America.