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Paysafe receives payment institution license in Brazil

Paysafe receives payment institution license in Brazil

Paysafe (PSFE) announced that it has received approval from the Central Bank of Brazil, or BCB, for a payment institution, or PI, license for the country’s launch of its regulated online sports-betting and gambling market. The license allows Paysafe to expand its payment partnerships with iGaming operators into Brazil as well as support Brazilian merchants in a range of other industries with e-commerce payments.

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