Paysafe and IC Markets to Expand Payment Offering in Latin America
July 11 2023 - 10:02AM
Business Wire
IC Markets’ integration with Paysafe’s API will
enable multiple payment methods for traders in the region
Paysafe (NYSE: PSFE), a leading payments platform, and
International Capital Markets Pty. Ltd. (IC Markets), the world’s
largest foreign exchange provider, today announced an expansion of
their existing partnership into Latin America.
The existing payments partnership between the two companies
started in 2018 and saw IC Markets integrate with Paysafe’s
payments API to offer its traders in Europe access to a broad range
of payments options including digital wallets as well as locally
preferred payment methods. Under the expanded agreement, IC
Markets’ traders in Brazil, Chile, Colombia, Costa Rica, Ecuador,
Mexico, Panama and Peru will also now have access to Paysafe’s
diverse portfolio of payments options to fund their forex trading
accounts, including digital wallets such as Skrill and NETELLER, as
well as other local payment methods, such as real-time bank
transfers.
Latin America has been attracting significant economic interest
due to its growing population, rising smartphone adoption and
increasing digitization, with consumers driving demand for
financial services and alternative payments. The region is
particularly important for the retail forex trading market, and
Paysafe’s deep expertise in compliance and the regulatory landscape
in the region supported the integration.
“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,” said Robert Gatto, Chief Revenue Officer at Paysafe.
Click here to view the full press release on Paysafe’s
website.
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version on businesswire.com: https://www.businesswire.com/news/home/20230711523656/en/
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