Paysafe Expands Into Brazil With New Payment License, Eyes $34 Billion iGaming Boom
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2025
0mins
Source: Benzinga
Paysafe's Expansion in Brazil: Paysafe Limited has received approval from the Central Bank of Brazil for a payment institution license, enabling it to enter the regulated online sports-betting and gambling market, thereby enhancing its partnerships with iGaming operators in the region.
Market Potential: Brazil is expected to become the largest iGaming market in Latin America, with a projected sports-betting turnover of $34 billion by 2028, positioning Paysafe to leverage its expertise to support local operators and streamline transactions.
Analyst Views on PSFE
Wall Street analysts forecast PSFE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSFE is 10.22 USD with a low forecast of 7.00 USD and a high forecast of 14.10 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
1 Buy
3 Hold
1 Sell
Hold
Current: 7.560
Low
7.00
Averages
10.22
High
14.10
Current: 7.560
Low
7.00
Averages
10.22
High
14.10
About PSFE
Paysafe Limited is a United Kingdom-based payments platform provider. The Company's integrated payments platform offers the full spectrum of payment solutions ranging from credit and debit card processing to digital wallet, eCash and real-time banking solutions. Its segments include Merchant Solutions and Digital Wallets. Merchant Solutions segment offers a range of solutions, including a full range of PCI-compliant payment acceptance and transaction processing solutions for merchants and integrated service providers including merchant acquiring, transaction processing, and fraud and risk management tools. This segment includes Paysafe and Petroleum Card Services brands. Digital Wallets segment is the combination of its legacy Digital Wallet and eCash solutions and services markets in Europe, United Kingdom, North America and Latin America. It also provides digital commerce solutions for specialized industry verticals, including iGaming, gaming, digital goods and cryptocurrencies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
