Global Retail FX and CFSs broker BDSwiss has announced a new partnership with PayRetailers, a premier payment platform operating in Latin America which offers a diverse suite of payment options via a single seamless API integration. The main advantage of PayRetailers is access to cash-based payment types which are still the main pillars of money transfers in LATAM, as well as access to all major modern alternative payment methods (APMs).

With nearly 25% of LATAM’s population remaining completely unbanked and the vast majority being underbanked, the landscape of payment processing in Latin America is particularly complex. BDSwiss said that it seeks to address the issue with this latest partnership, offering clients residing in Latin America the ability to process deposits, transfers and withdrawals via Visa Mastercard and with the widely accepted Brazilian card scheme – Hipercard.

Andreas Evripidou, BDSwiss Head of Payments commented:

“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.”

BDSwiss noted that this payment processor is only available under BDS Markets Ltd.

PayRetailers supports over 250 payment methods clients know and trust – including alternative payment methods, bank transfers, local cards, QR Codes and wallets. It offers one of the biggest APM suites in the sector and boasts a network of local offices in 12 major Latin American countries while its operations span population heavy countries, such as Chile, Peru, Mexico, Brazil and Argentina.