ProntoPaga, a leading payment solutions company in Latin America, announces a key transformation in its operational format for the Brazilian market. With the implementation of a new model as a Technology Service Provider (PST), ProntoPaga is taking an important step, generating a positive impact on the transparency and security of operators in the newly regulated online betting sector.
This implementation occurs in a crucial context for the gambling sector in Brazil, where market regulation is undergoing transformation.
The new legislation, which will come into effect on January 1, 2025, aims to increase control over the transactions of gaming operators, a sector that, in previous years, was affected by irregular practices and tax fraud.
In this scenario, ProntoPaga takes the initiative to operate under a model that ensures total security and trust for operators and banking entities.
Operational model: Payment facilitator without handling money
Under the PST structure, ProntoPaga will not manage accounts in the name of its company in Brazil, meaning that the bank accounts will always be in the name of the operators.
These accounts are opened in 3 banks, with mandates that allow these openings to occur without friction. ProntoPaga will act as a facilitator, providing its technology to process transactions securely, efficiently, and without risk.
Technology for zero-risk transactions and maximum transparency
With a robust technological infrastructure, ProntoPaga is responsible for collecting transactions without the use of physical money and intelligently distributing the transactions among the operators' accounts and banking entities.
We select institutions that offer the best cost-benefit and performance, thus ensuring greater stability, and a transparent, secure, and risk-free experience in the Brazilian market.
Trust in an evolving market
The adoption of the PST model by ProntoPaga in Brazil corresponds to the need to adapt to a newly regulated Brazilian market, where bad practices lead to significant impacts. Before the new legislation, several cases of fraud and money laundering were even reported to the police until recently, leaving operators and customers exposed to unnecessary risks.
This migration to the PST model ensures a clear separation between the finances of the operators and the processing of payments, ensuring strict regulatory compliance and eliminating any risk associated with fund management.
ProntoPaga will continue to strengthen its presence in the region, providing cutting-edge technology that supports the evolution of payment markets and financial regulation.
Certifications and regulations
ProntoPaga has international certifications that ensure the security, transparency, and reliability of its operations. Among them are the PCI DSS (Payment Card Industry Data Security Standard) and ISO 27001 certifications, which validate and ensure that transactions are protected against fraud and cybersecurity threats.
The company also has certifications related to compliance and anti-money laundering (AML) and other standards that regulate and support the normative compliance of its operations in the countries where it operates. This is essential to provide security to its clients and partners, especially in markets with strict regulations, such as the Brazilian.
These certifications, along with its advanced encryption and authentication technologies, reinforce its commitment to integrity and trust in each of its transactions in the markets it operates.
ProntoPaga
ProntoPaga is a regional company specialized in fast and efficient solutions for receiving and distributing payments.
With operations in Chile, Peru, Brazil, Ecuador, and Mexico, it offers a platform that guarantees security and efficiency in each transaction.
Its technological innovations have raised the standard of the payment industry, benefiting both operators and end-users.
For more information: www.prontopaga.com
Source: GMB
