PayRetailers expands alliance with BDSwiss

By Robin Amlot

PayRetailers, a payment processor for Latin America, is expanding its alliance with global financial services group BDSwiss – a provider of Forex and CFD investment services with more than a million registered clients worldwide.

Under the partnership, PayRetailers enables BDSwiss to offer local payment solutions for the Latin American market under its FSC regulated entity, BDS Markets. The payment processor helps fuel the growth of BDSwiss in Latin American countries with a growing tech-savvy and investment-oriented consumer base, starting with Brazil. As PayRetailers follows the same idea when offering local services – running local brick-and-mortar offices with local experts observing and reacting to the market changes – this alliance offers a potentially perfect match for future mutual growth in Latin America.

PayRetailers was founded in 2017 with the idea of connecting merchants with the large potential customer base in LATAM. The company offers a secure payment solution that is based on a seamless API integration and is suitable for multiple market segments, from e-learning to gaming, from financial services to travel and from ticketing to regular ecommerce. PayRetailers has experienced exponential growth, with an increase in revenue that has reached 200% within the last 12 months, and is currently active in 12 countries. The company is headquartered in Spain, with regional offices in Malta, Mexico, Argentina, Brazil, Chile, Colombia, and Uruguay.

BDSwiss was established in 2012. In 2021, the group was named ‘the Best FX Research and Education Provider’ (by World Finance Awards), and as having the ‘Best Mobile Trading Platform’ (Global Banking & Finance Awards). It is also worth noting that in 2020 alone, the group’s investment platforms experienced a 300% increase in trading volume while the brand currently serves over 1.5m clients in 186 countries with monthly trading volume of more than $84 billion. The group maintains a local presence in 10 countries and has formed over 17,500 partnerships in the industry, including payment processing providers.