With the announcement of a collaboration with Brazilian payment provider Pay4Fun, the sports betting platform provider BtoBet is looking to benefit from the expected regulatory reforms in Brazil.
The deal follows on from the recently announced LatAM expansion push from BtoBet and will see the platform provider incorporate secure payment and transaction services from Pay4Fun, thereby allowing instant transactions to be carried out on the local Brazilian market.
CEO Alessandro Fried commented: “We don’t want to only bolster our partnership portfolio, but to at the same time create a tailored betting experience on a country-to-country basis. Obviously payments play a pivotal role in this aspect, and through this strategic partnership we are paving the way to our future involvement in a regulated market in Brazil.”
Players in Brazil will now have access to fast processes of deposit and withdrawal, acceptance of national credit and debit cards and opportunities to use the local payment method of Boleto.
In addition, locals will also benefit from high security levels such as digital bank account-to-account transfers, that will be made accessible through the integration of the Neuron 3 betting network with Pay4Fun.
Leonardo Baptista, CEO of Pay4Fun, concluded by saying: “We are delighted to partner with BtoBet and provide our services as they continue to grow in the region. Pay4Fun is ideally placed to facilitate transactions in the Brazilian market through an innovative and safe payment service and methodology.
“I am positive that this partnership will allow for BtoBet’s clients to provide their players with a better player experience through a facilitated payment gateway.”