IC Markets, the multi-asset broker, has expanded its collaboration with Paysafe, a financial solutions provider, to better serve customers in the Latin America (LatAm) region.

This partnership, which was initially formed back in 2018, focused on integrating IC Markets with Paysafe's payment API to offer merchants more convenience and flexibility in handling their transactions.

Under this new agreement, IC Markets and Paysafe are making it possible for traders in Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Panama, and Peru to access Paysafe's payment options as well as various other methods for funding their IC Market accounts.

This includes digital wallets like Skrill and Neteller, as well as local payment methods, including real-time bank transfers.

Latin America has become a region of significant economic interest due to its growing population, increased smartphone usage, and the ongoing process of digitization.

These factors are driving consumer demand for financial services and alternative funding solutions. Consequently, many retail FX and financial service providers are now eyeing this region for expansion. Paysafe's expertise in compliance and regulatory matters supports the integration process.

Robert Gatto, Chief Revenue Officer at Paysafe, expressed his enthusiasm, saying, "We're delighted to expand our longstanding partnership with IC Markets and support their entry into the Latin American market, where we can provide our full range of products, including some of the most popular local payment options. The region is experiencing rapid growth, and we're excited to see IC Markets thrive there."