Multi-regulated FX and CFDs broker BDSwiss announced that it arranged a partnership with PayRetailers, a payment platform in Latin America, to target clients in such a region. According to the press release, the integration was possible via a single seamless API, and PayRetailers will access cash-based payment types.
That said, the broker expects to expand its offering in the LATAM region by enabling deposits, transfers, and withdrawals via Visa and MasterCard through the payment gateway. In fact, the company cited figures by saying that around 25% of the Latin American population remains ‘completely’ unbanked, and a vast majority is still underbanked, making the environment a complex one in terms of payment solutions.
PayRetailers currently supports over 250 payment methods clients, having a broad network of local offices in 12 major Latin American countries, such as Chile, Peru, Mexico, Brazil, and Argentina. The payment gateway will also enable the possibility to process deposits via Brazil’s Hipercard.
Bolstering LATAM Presence
“We are very pleased with our partnership with PayRetailers because the new payment features will provide flexibility, safety, and ease when it comes to deposits and withdrawals for our clients in Latin America. We remain committed to always providing a superior trading and investing experience to all our clients,” Andreas Evripidou, the Head of Payments at DSwiss, commented on the matter.
In March, BDSwiss received two International Organisation for Standardisation (ISO) certifications for information security management system and quality management. Both the certifications, which were issued by external bodies, TÜV Cyprus and TÜV Hellas, were received by Cypriot-registered BDSwiss Holding Ltd. The ISO 9001 certification demonstrates the integration of quality processes, while ISO 27001 certification validates security infrastructure. The certifications were obtained when threats of cyberattacks on brokers were growing.
Headquartered in Switzerland, BDSwiss is regulated in several jurisdictions and offers trading services within Europe under its Cypriot entity.
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