With this authorization, Lotep customers will have more payment options, making the gaming experience more convenient and accessible. Pay4Fun is known for its security and efficiency in processing online transactions, which reinforces the trust of players and Lotep itself.
Furthermore, the partnership between Pay4Fun and Lotep promises to boost the growth of the gaming market in Paraíba, providing more entertainment opportunities and contributing to the economic development of the State.
With this new authorization, Pay4Fun consolidates its position as one of the main payment processing companies in the gaming and betting sector in Brazil.
The company was a pioneer by receiving authorization from the Central Bank of Brazil to operate as a payment institution in this segment, prioritizing security from the beginning of its operations. Pay4Fun follows the guidelines of the General Personal Data Protection Law (LGPD) and Cyber Security, to protect customer data, ensuring total privacy and peace of mind in each transaction.
"We are excited about the opportunity to work in partnership with Loteria da Paraíba and offer players a convenient and secure payment experience. This authorization is an important step in expanding our reach in the gaming and betting market, and we are committed to providing solutions innovative solutions that meet the needs of our customers", says Leonardo Baptista, CEO and co-founder of Pay4Fun.
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 500 integrated websites in the entertainment segment, the company reached the mark of R$2.6 billion 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, 3rd place as the best financial service company to work for in GPTW and 2nd place in the SBC Awards, in Barcelona, as payment innovation of the year.
To find out more about the company, visit website or connect on Linkedin.
Source: GMB
