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One Month to Go: PayRetailers Launches Enhanced Solution to Help Betting Operators Comply With Brazil’s New Sports Betting Regulations

Fintech Finance

PayRetailers , a leading payment processor in Latin America and Africa, has launched an enhanced Pix payment solution to assist betting operators in Brazil as they prepare for the new sports betting regulations set to take effect on 1 January 2025.

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Transfeera, a Company From PayRetailers Group, Enhances Pix Solution to Help Betting Operators Comply With Brazil’s New Regulations

Fintech Finance

Transfeera , a company from PayRetailers group specialising in financial solutions, has enhanced its Pix payment capabilities to support betting operators in Brazil as they adapt to new sports betting regulations that took effect on 1 January 2025. These tools streamline onboarding and prevent incorrect or fraudulent payments.

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Transfeera Enhances Pix Payment Capabilities by Automating Compliance With New Sports Betting Rules

The Fintech Times

The new rules mandate that payments be processed exclusively through bank accounts registered to individual bettors. It also enables deposit verification, ensuring player accounts are active and valid for transactions. These tools look to streamline onboarding and prevent incorrect or fraudulent payments.

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B2B Innovators Explore The New Payment Rail Combinations

PYMNTS

To address the supplier acceptance challenge, CardUp automatically shifts bank transfer or check payments to cards, while ensuring that suppliers receive those funds via the original payment method. The solution is made possible via CardUp's status as a Visa Business Payment Solution Provider.

B2B