This implementation takes place in a critical context for Brazil's gambling sector, where market regulation is undergoing transformation. The new legislation, set to take effect on January 1, 2025, aims to increase control over gaming operators' transactions, a sector that, in previous years, was affected by irregular practices and tax fraud.
In this scenario, ProntoPaga takes the initiative to operate under a model that ensures complete security and trust for operators and banking entities.
Operational model: payment facilitator without handling cash
Under the PST structure, ProntoPaga will not manage accounts in the name of your company in Brazil, which means that bank accounts will always be in the name of the operators. These accounts are opened with three banks, with mandates that allow these openings to occur smoothly.
ProntoPaga will act as a facilitator, providing its technology to process transactions securely, efficiently, and risk-free.
Technology for zero-risk transactions with maximum transparency
With a robust technological infrastructure, ProntoPaga is responsible for collecting transactions without using physical cash and for the intelligent distribution of transactions among operators’ accounts and banking entities. The company selects institutions that offer the best cost-benefit ratio and performance, ensuring greater stability and a transparent, secure, and risk-free experience in the Brazilian market.
Trust in an evolving market
The adoption of the PST model by ProntoPaga in Brazil aligns with the need to adapt to a newly regulated Brazilian market, where poor practices have had significant impacts. Prior to the new legislation, multiple cases of fraud and money laundering were reported, even reaching law enforcement until recently, leaving operators and customers exposed to unnecessary risks. This migration to the PST model ensures a clear separation between operators’ finances and payment processing, guaranteeing strict regulatory compliance and eliminating any risks associated with fund management.
ProntoPaga will continue to strengthen its presence in the region, providing cutting-edge technology that supports the evolution of payment markets and financial regulation.
Certifications and regulations
ProntoPaga holds international certifications that ensure the security, transparency, and reliability of its operations. Among them are the PCI DSS (Payment Card Industry Data Security Standard) certification and ISO 27001, which validate and guarantee that transactions are protected against fraud and cybersecurity threats.
The company also has certifications related to compliance and anti-money laundering (AML) measures, along with other standards that regulate and support the regulatory compliance of its operations in the countries where it operates. This is essential to provide security for its clients and partners, especially in markets with strict regulations, such as Brazil.
These certifications, along with advanced encryption and authentication technologies, reinforce ProntoPaga’s commitment to integrity and trust in each of its transactions across the markets in which it operates.
ProntoPaga
ProntoPaga is a regional company specializing in fast and efficient payment receipt and distribution solutions. With operations in Chile, Peru, Brazil, Ecuador, and Mexico, it offers a platform that ensures security and efficiency in every transaction. Its technological innovations have raised the industry standard for payments, benefiting both operators and end users.
For more information: www.prontopaga.com
Source: GMB
