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Latin America

Nuvei Agrees to Acquire Licensed Payment Institution in Brazil

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Nuvei, the Canadian fintech company, announced that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda. (Pay2All), a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone is expected to enhance Nuvei’s capabilities in the Brazilian market and reinforces its commitment to the Latin American (LATAM) region.

The Payment Institution license will enable Nuvei to offer comprehensive payment services in Brazil as an Issuer of Electronic Currency. These include accepting payments, managing e-wallets and betting accounts, and participating in all of Brazil’s local payment systems, including processing Pagamentos Instantâneos (PIX) transactions.

A Payment Institution license is required to provide transactional services for authorized operators in the newly regulated market of sports betting and online gaming, in accordance with Law No. 14.790/23. Brazil’s iGaming market presents significant growth opportunities for Nuvei. Revenue in the Brazilian iGaming market is projected to reach US$1.97bn in 2024 and is predicted to show an annual growth rate (CAGR 2024-2029) of 15.39%, resulting in a projected market volume of US$4.03bn by 2029.

By securing a Payment Institution license, Nuvei will be well positioned as a payment partner of choice to the iGaming and broader eCommerce ecosystems in Brazil. The proposed transaction is subject to customary closing conditions, including receipt of key regulatory approvals by the Central Bank of Brazil and local antitrust authorities.

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Philip Fayer, Nuvei Chair and CEO, commented on the announcement: “Securing a Payment Institution license in Brazil has been a top priority, and will mark another significant milestone in our global expansion strategy. The proposed transaction not only strengthens our presence in LATAM but also demonstrates our commitment to providing fully localized and modern payment solutions to businesses in Brazil. We’re excited to offer our full suite of services to help drive growth for the rapidly-growing eCommerce and iGaming operators in this dynamic market.”

In 2024, Nuvei already signaled its commitment to growth in LATAM through its announcement that it was the first global payments company to offer direct local acquiring in Colombia. In addition to securing its impending Payment Institution license in Brazil, Nuvei is also currently implementing a local acquiring service in Mexico, leading to the fulfilment of processing requirements to become a direct acquirer under the Comisión Nacional Bancaria y de Valores (CNBV).

Latin America

Quixant Enters into Partnership with Novatrade

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Hardware platform and embedded software solutions specialist Quixant has partnered with Novatrade as it continues its expansion in the Brazilian market.

Novatrade specialise in expanding and accelerating organisations’ international presence and operations, with tailored solutions for every expansion phase.

This collaboration positions Quixant to better support its customers in the rapidly evolving Brazilian market, as sports betting and online gaming are legalised.

“Brazil’s legalisation of sports betting and online gaming, alongside developments in land-based gaming legalisation, represents a game-changing opportunity,” said Patricia Souto Rial, VP of business development for Spain and LatAm at Quixant.

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“We are not just focused on providing the products our customers need when they need them, but also on establishing partnerships that facilitate strategic decision-making and empower customers to achieve exceptional results. We have been diligently preparing by developing teams, structures, and a portfolio tailored to the Brazilian market’s needs.

“The partnership with Novatrade is the final piece in our strategy, enabling customers to be the first to bring products to market and ensure their success. Our cutting-edge technologies, game-changing software, support and our years of experience specialising in the gaming world, combined with Novatrade’s extensive local expertise, will empower game manufacturers to thrive in this dynamic market.”

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BetConstruct

BetConstruct to Exhibit at GAT ShowCase Santo Domingo

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Gaming technology provider BetConstruct is going to showcase its offerings at the GAT ShowCase Santo Domingo event. The event will be held on September 18-19.

Estimated to attract over 300 operators, manufacturers, suppliers, and visitors from 12 countries, the GAT Showcase Santo Domingo 2024 is shaping up to be a thrilling gaming and technology experience. Also in attendance are the Ministry of Finance and the Directorate of Casinos, representatives from the Dominican Association of Gaming Casinos ADCJ, National Federation of Lottery Banks, and the National Association of Sports Banks.

Fully in line with the event, BetConstruct will showcase its innovative land-based betting solutions and comprehensive Sportsbook at stand A12, all of which are sure to attract any enthusiast, especially those operating in the Dominican Republic, Colombia, and neighboring countries.

GAT ShowCase Santo Domingo takes place at the luxurious Renaissance Santo Domingo Jaragua Hotel and Casino.

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CT Interactive

CT Interactive Expands its Global Footprint with Novibet

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CT Interactive, a global provider of online gaming solutions, has announced the launch of its games on Novibet’s platforms for Mexico (www.novibet.mx) . This partnership underscores CT Interactive’s commitment to expanding its reach and delivering high-quality gaming experiences to players worldwide.

Striving to offer exciting content to its users, Novibet.mx will now feature a selection of CT Interactive’s newest and most innovative games. Players in Mexico can now enjoy Star Girl, a captivating game that combines stellar graphics with thrilling gameplay; The Big Chilli, a spicy title that promises exciting features; Dr. Winstein Buy Bonus, a unique game where players can take control of their gaming experience with the Buy Bonus feature; Clover Queen, a game that brings the luck of the Irish to the reels, offering big wins and enchanting visuals. These slot games are designed to offer a diverse range of gaming experiences, ensuring there’s something for every player’s taste. This launch marks a significant step in CT Interactive’s strategy to bring fresh and engaging content to the rapidly growing Mexican online gaming market.

Simultaneously, CT Interactive has announced the release of its comprehensive portfolio of 61 games on Novibet.com, catering to markets regulated by the Malta Gaming Authority. This extensive collection includes some of CT Interactive’s most popular and enduring titles, such as Lucky Clover, a fan-favorite known for its classic design and rewarding gameplay; Win Storm, an action-packed game with dynamic features and high win potential; HOT 7’s X 2, an exciting slot game that offers double the excitement and twice the winning opportunities. The integration of these games is set to enhance Novibet’s offering, providing players with a wide variety of high-quality slots that deliver both entertainment and the potential for significant rewards.

This partnership between CT Interactive and Novibet is a testament to both companies’ dedication to delivering top-tier gaming experiences.

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Monika Zlateva, CCO of CT Interactive, said: “We are thrilled to partner with Novibet to bring our latest games to more players. This collaboration aligns with our goal of reaching new audiences and providing them with the high-quality gaming experiences that CT Interactive is known for. We look forward to a successful partnership with Novibet as we continue to grow and innovate in the online gaming industry.”

Foteini Matthaiou, Casino Product & CRM Director, said: “At Novibet, our mission is to bring players a gaming experience that is not only entertaining but also distinctive and dynamic. Partnering with CT Interactive allows us to introduce a range of innovative titles that resonate with players seeking something fresh and engaging. We are happy to bring these captivating games to our platforms in Mexico and across Malta Gaming Authority regulated markets, ensuring our users enjoy both thrilling gameplay and the highest standards of quality. This collaboration reflects our ongoing dedication to pushing the boundaries of what online gaming can offer.”

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