Paysafe and International Capital Markets Pty. Ltd., are expanding their existing partnership into Latin America, the companies have announced.
Under the expanded agreement, IC Markets’ traders in Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Panama and Peru will have access to Paysafe’s portfolio of payments options to fund their forex trading accounts. This includes digital wallets such as Skrill and NETELLER, as well as other local payment methods, such as real-time bank transfers.
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 an increased range of payments options.
Since then Latin America has been attracting significant economic interest due to its growing population, rising smartphone adoption and increasing digitisation, with consumers driving demand for financial services and alternative payments. The region is particularly important for the retail forex trading market. According to Paysafe its expertise in compliance and the regulatory landscape in the region supported the integration.
Speaking on the announcement Robert Gatto, Chief Revenue Officer at Paysafe said: “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.”
