MIÉ 4 DE DICIEMBRE DE 2024 - 22:17hs.
Regulatory challenges

Pay4Fun brings its payment expertise for 'Bets" sector to the Mercosul iGaming Summit 2024

Pay4Fun, the first payment institution operating in the sports betting sector in Brazil to be authorized by the Central Bank, will be one of the protagonists of the Mercosul iGaming Summit 2024, which takes place this Thursday (5). The event, considered one of the most important in the sector, will bring together national and international players from the online gaming market, experts, public and private leaders, as well as high-ranking executives and industry operators.

The company will participate in the panel “Gaming, money laundering and tax evasion: myth or reality?”, scheduled for 11 am. The discussion, led by Pay4Fun's experience in the payments segment, promises to bring an analysis of the importance of compliance and transparency in the market, with a focus on preventive practices against money laundering and tax evasion.

The panel reinforces the company's position as a pioneer in secure and regulated payment solutions, essential for the sustainable development of the sector.

For Leonardo Baptista, CEO and co-founder of Pay4Fun, participation in the event reflects the company's commitment to strengthening the betting market in Brazil.

Discussing regulation and security in the sector is essential at a time of accelerated expansion. We want to collaborate to create an honest business environment, where transparency and responsibility are fundamental pillars for the growth of responsible gaming,” concludes the executive.

Expected to bring together around 250 participants, the Mercosul iGaming Summit 2024 will be the stage for debates on the main challenges and opportunities related to the legalization and regulation of betting in Brazil.

 


In addition, the event seeks to foster the exchange of experiences and pave the way for new business opportunities in a market that is in the spotlight, both in Brazil and internationally.

Founded in 2018, Pay4Fun is the first payment institution operating in the sports betting sector to receive authorization from the Central Bank of Brazil. Operating with more than 400 integrated websites in the entertainment segment, the company reached the mark of R$ 2.4 billion (US$ 396m) in financial transactions in 2022.

The company was considered the ‘Best Payment Method for Latin America’ in the awards promoted by SAGSE 2022 and chosen as the ‘Best Payment Method’ at the Brazilian iGaming Awards.

In 2023, the company won the RA 1,000 seal from 'Reclame AQUI' and the 3rd position as the best financial services company to work for on GPTW. To learn more about the company, visit the website or connect via Linkedin.

Source: GMB