IC Markets is expanding its partnership with Paysafe for the Latin America region to provide local clients with convenience and flexibility in funding accounts.
Multi-asset broker IC Markets enlarged its existing collaboration with and funding solutions Paysafe to serve customers in the Latin America (LATAM) region. Previously, this partnership, formed in 2018, facilitated the integration of IC Markets with the Paysafe payment API to provide merchants with convenience and flexibility in managing transactions.
Under the agreement, IC Markets and Paysafe allow traders in Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Panama, and Peru to enjoy Paysafe payment options and other methods to fund their IC Market accounts. It includes digital wallets, Skrill and Neteller, and local payment methods, including real-time bank transfers.
Latin America is of great economic interest due to its growing population, increased use of smartphones, and digitization, driving consumer demand for financial services and alternative funding solutions. As a result, the region has become a prime region for many retail FX and financial service providers, and Paysafe expertise in the compliance and regulatory landscape encourages that integration.
Paysafe Chief Revenue Officer, Robert Gatto, commented, "We are pleased to expand our multi-year partnership with IC Markets and facilitate their move to Latin America, where we can offer our entire range of products, including some of the most popular local forms of payment. The region is rapidly growing, and we look forward to seeing IC Markets thrive there."