04:57 AM EST, 01/07/2025 (MT Newswires) -- Paysafe ( PSFE ) said Tuesday it has received the Central Bank of Brazil's approval for a payment institution license for the launch of the country's regulated online sports betting and gambling market.

The license allows Paysafe ( PSFE ) to expand its payment partnerships with iGaming operators in Brazil and offer its alternative payment methods to e-commerce, travel and entertainment merchants in the country.