IC Markets and Paysafe Expand Partnership into Latin Amercia

The leading online retail FX and CFD broker, International Capital Markets Pty. Ltd. (IC Markets), and the leading payments platform, Paysafe, have expanded their existing partnership into Latin America.

In 2018, IC Markets and Paysafe entered into a payments partnership that allowed IC Markets to integrate with Paysafe's payment API and provide traders in Europe with a variety of payment options, including digital wallets and locally preferred methods.

This partnership has now been expanded to include IC Markets' traders in Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Panama, and Peru. These traders will now have access to Paysafe's portfolio of payment options to fund their forex trading accounts, which includes digital wallets like Skrill and NETELLER, as well as other local payment methods such as real-time bank transfers.

Robert Gatto​, Chief Revenue Officer at Paysafe, commented on the expanded agreement: "We're delighted to be expanding our multi-year partnership with IC Markets and facilitating their move into Latin America where we can offer our entire suite of products, including some of the most popular forms of local payments such as bank transfers. The region is growing rapidly, and we look forward to seeing IC Markets thrive there."

Paysafe has achieved consecutive quarters of growth in revenue. According to its financial report for Q1 2023​ released in May, the company's revenue for the quarter reached a record high of $387.8 million, an increase of 5% on a yearly basis.