⚽️ Brazil 🇧🇷: PayRetailers Launches an Enhanced #PIX for Betting

⚽️ Brazil 🇧🇷: PayRetailers Launches an Enhanced #PIX for Betting

The launch comes at a pivotal moment as Brazil prepares to implement new sports betting regulations, set to take effect on January 1, 2025. PIX, the instant payment system introduced by the Central Bank in 2020, is already used by 90% of the adult population in the country.

▶️ PayRetailers’ new solution aligns with regulations, ensuring that payments related to sports betting are processed through bank accounts registered under players' names.

▶️ Compliance processes are automated, including real-time verification of CPF numbers (the Brazilian equivalent of a taxpayer ID), eliminating the need for manual reviews.

▶️ Supports multiple accounts registered under the same player, providing a smoother transaction experience.

▶️ Features automatic reconciliation and real-time balance monitoring, improving financial management.

▶️ Who is PayRetailers? 🤔 A Spanish company founded in 2017, specializing in payment solutions across Latin America and Africa, with support for over 300 local payment methods.

#news #Brazil #gaming

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