StarsPay continues to grow, both in its area of expertise and in the markets it serves. We have a presence in the iGaming, Games, Exchanges, and eCommerce sectors, which handle a massive volume of transactions every year. Now, reaching an even larger audience in four sectors, the company has fully entered the “LATAM Rocket.” In addition to Brazil, we also serve clients in Mexico, Colombia, Chile, and Peru.
Thus, as if the opportunity to offer services to an even broader range of users wasn’t enough, StarsPay also multiplies opportunities for all its clients, who can now serve consumers from various countries through a single integration. All of this is done with great efficiency and several conveniences, without requiring a local entity, billing in the user’s currency, and receiving in your own currency quickly and with a unique cost-benefit advantage.
The LATAM Rocket
2024 data places Brazil with a total of 212.6 million inhabitants, clearly making it a major opportunity on the continent. Combined, the other four mentioned countries add up to 209 million inhabitants, meaning the number of potential customers for companies using StarsPay’s integration to serve these five markets nearly doubles.
Do you want to operate in multiple Latin American countries with security and convenience? Contact StarsPay at [email protected].
In financial terms, the importance of being present in as many Latin American countries as possible becomes even more evident. In Peru, Colombia, Mexico, and Chile alone, the combined GDP (Gross Domestic Product) amounts to about US$ 3 trillion in current figures. While the continent’s growth in the iGaming market is well-known, especially in the context of Brazil’s gambling regulation, the region is also advancing in eCommerce.
According to research by Statista, Latin America has over 300 million digital buyers, with a projected increase of more than 15% by 2027. In the gaming sector, another area served by StarsPay, the numbers are also impressive. According to research by Mordor Intelligence, the mobile gaming market in Latin America is estimated at US$ 2.94 billion, with a forecast of growth to US$ 4.74 billion by 2029.
StarsPay’s Convenience
A company wanting to operate in several Latin American countries could create specific departments for each country, with a local entity in each. Additionally, careful attention would be required to comply with each country’s payment processing laws and procedures, not to mention the difficulty of dealing with different currencies and constant conversions.
Another option is to contact StarsPay, which can simplify all these processes. Through our intelligent API, you can receive and send payments anywhere in Latin America, regardless of where you’re based. Furthermore, we ensure compliance with strict KYC regulations, providing crucial protection for your business and your customers, offering vital assistance to any compliance department.
In addition to working with payment processing specialists, your company gains key benefits such as fraud prevention for local transactions and 24/7 bilingual support. We also offer zero chargebacks, cashback for customers, and the best exchange rates, essential for those working with different currencies and directly impacting your company’s bottom line. Through Cross-Border payments, you also receive transfers in your local currency directly into your bank account.
Contact StarsPay’s sales team now at [email protected] and learn how we can make a difference in your business.
