PayBrokers, a leading company in payment solutions in the Brazilian market, recently revealed its strategic investment in PagFast, a service provider specializing in the payments segment for betting and lotteries in Brazil.
This acquisition is part of PayBrokers’ strategic vision to consolidate its presence in the betting, lottery and gaming sectors.
PagFast stands out in the market due to its robust development group, which drives innovative technologies.
Among its differentiated products are the heat map and an exclusive system for operator accounting, as well as open finance technology and other features that have revolutionized the payments scenario in this recently legalized segment.
These innovations have contributed to making transactions faster, more efficient and more accessible.
Edson Lenzi, CEO of the PayBrokers group, expressed enthusiasm regarding the acquisition:
“We are very pleased with this partnership, as PayBrokers gains additional features that will strengthen our growth strategy in the regulated market.”
Despite the investment, PagFast will continue to operate independently, preserving its autonomous management. Lenzi highlighted: “The union seeks to strengthen both companies, especially with regards to governance, compliance and responsible gaming policies.”
Felipe Arruda, CEO of PagFast, emphasized the importance of this partnership: “Having PayBrokers as a partner represents a significant step in the growth of our company.
Despite its recent entry into the market, PagFast has gained a considerable share due to its innovative product offering.”
Joint participation in ICE London 2024
The first collaboration between the two companies will be evident at ICE London 2024, the world’s largest gaming and betting event, scheduled for the 6th, 7th and 8th of February.
PayBrokers will have a prominent presence as an exhibitor, and the stand will feature the PagFast team.
In this way, this joint initiative reinforces the commitment of both companies to stand out internationally and explore new opportunities in the payments and entertainment sector.
About PayBrokers
The PayBrokers Group is a conglomerate made up of a financial institution, a payments institution and an international payments facilitator.
Furthermore, it provides a complete financial ecosystem for national and international companies from different segments.
Focusing on robust compliance policies, as well as risk control, anti-fraud and anti-money laundering tools.
Thus, the group provides speed in transactions, highly stable infrastructure, financial services focused on the growth of its customers and constant innovation to drive the growth of its partners in Brazil.
