BDSwiss, a multi-regulated CFDs and FX Broker, announced a collaboration with a payment platform in Latin America, PayRetailers, to service its clients in that region better.
Based on the press release from the firm, this integration will be made possible through a single seamless API which will make PayRetailers access the cash-based payment types.
With that said, the broker is looking to expand its service offerings in the Latin American region by allowing transfers, withdrawals, and deposits through MasterCard and Visa on the payment gateway. As a matter of fact, a figure was released by the company showing that about 25% of the population of Latin America are unbanked completely while a larger percentage is underbanked, and this makes the environment quite complex in terms of proffering payment solutions.
Currently, PayRetailers is supporting more than two hundred and fifty payment methods for clients with a wide network of offices in close to 12 major Latin American countries like Argentina, Brazil, Mexico, Peru, and Chile. The Payment platform will also allow its users to deposit through Hipercard in Brazil.
Boosting the Presence in Latin America
The Head Payments at BDSwiss, Andreas Evripidou, commented on the announcement: “We are very happy with our collaboration with PayRetailers as the introduction of new payment features will ensure safety, transaction ease, and flexibility when it comes to withdrawals and deposits from the clients in Latin America. Our commitment remains to provide top-notch investing and trading experience for all our clients globally.”
It was announced earlier in March that BDSwiss received 2 ISO certifications (International Organization for Standardization) for quality management and information security management. The two certifications, which were issued by some external agencies – TUV Hellas and TUV Cyprus – were received by the registered BDSwiss Holding Ltd in Cypriot. The ISO 9001 certification was issued to show the quality processes integration, while the ISO 27001 certification was issued to validate the security infrastructure.
The certifications became so relevant when threats from cybercriminals on brokers were getting unbearable.
BDSwiss, which has its headquarter in Switzerland, is regulated in many jurisdictions, and it offers its trading services in Europe under the entity registered in Cypriot.