LUN 25 DE NOVIEMBRE DE 2024 - 13:23hs.
Reference in the Brazilian market

For PayBrokers, new rules for betting payments are positive and necessary

PayBrokers, leader and reference in the Brazilian instant payments market, considers the new rules announced last week by the Finance Ministry for the payment of sports bets positively. According to Marcelo Munhoz da Rocha, company’s Legal Manager, the measures are of great importance for the legal security and professionalism of the market.

It will no longer be possible to make payments using cash, credit cards, bills or crypto assets. “At the same time, they mitigate money laundering risks and protect bettors against over-indebtedness,” says Marcelo Munhoz da Rocha.

For the executive, “transactions will be safer, more traceable and transparent, which contributes to a responsible gaming environment, which is essential in regulated gaming markets.”

According to Munhoz da Rocha, the measures are of great importance for legal security and professionalism in the market.

PayBrokers adopts international standards of internal governance, through codes of conduct that regulate the actions of its employees in the corporate environment.

The PayBrokers Group follows measures that allow it to be ahead of the curve, such as know your customer (KYC), anti-money laundering measures and data protection.

“Responsible gaming practices gain strength, emphasizing damage prevention and player well-being,” concludes Marcelo Munhoz da Rocha.

Source: GMB