Paysafe Expands Partnership With IC Markets To Boost Presence In Latin America

Paysafe Ltd PSFE disclosed expanding existing collaboration with International Capital Markets to enhance payment offerings in Latin America.

As per the deal, IC Markets’ traders in Panama, Brazil, Chile, Peru, Colombia, Costa Rica, Ecuador, and Mexico can access Paysafe’s diverse portfolio of payment options to fund their forex trading accounts, including digital wallets and other options like real-time bank transfers.

As per the initial deal penned in 2018, IC Markets integrated with Paysafe’s payments API to offer European traders access to various payment options.

“We’re delighted to be expanding our multi-year partnership with IC Markets and facilitating their move into Latin America where we can offer our entire suite of products, including some of the most popular forms of local payments such as bank transfers. The region is growing rapidly, and we look forward to seeing IC Markets thrive there,” said Robert Gatto, Chief Revenue Officer.

In May, PSFE reported first-quarter FY23 revenue growth of 5% year-over-year to $387.85 million, beating the consensus of $377.43 million. 

Price Action: PSFE shares are trading higher by 1.49% at $11.55 on the last check Tuesday.