Paysafe Secures Brazilian Payment Institution License

Global payments platform Paysafe has received a payment institution license from the Central Bank of Brazil. This license allows Paysafe to expand its operations in Brazil, including supporting iGaming operators and other businesses with eCommerce payments.

Paysafe will leverage its established partnerships with international iGaming operators to enter the Brazilian market, offering popular digital wallets like Skrill and NETELLER. The company will also provide a range of alternative payment methods (APMs) through its SafetyPay payment gateway, including support for Brazil's instant bank transfer system, Pix.

"With this expansion, Paysafe is poised to better serve the Brazilian market with payment solutions, including the regulated Brazilian iGaming market," said Rob Gatto, Chief Revenue Officer at Paysafe. "We're delighted to bring our deep payments, regulatory and compliance experience to support Brazilian operators' growth."

This license will also enable Paysafe to support Brazilian eCommerce, travel, and entertainment merchants with its suite of payment solutions.