Paysafe Expands Partnership With IC Markets To Boost Presence In Latin America
Portfolio Pulse from Lekha Gupta
Paysafe Ltd (NYSE:PSFE) has expanded its existing partnership with International Capital Markets to enhance payment offerings in Latin America. This will allow traders in several Latin American countries to access Paysafe's diverse portfolio of payment options to fund their forex trading accounts. This follows an initial deal in 2018 where IC Markets integrated with Paysafe's payments API for European traders. In May, PSFE reported a 5% YoY revenue growth to $387.85 million, beating the consensus of $377.43 million.
July 11, 2023 | 5:02 pm
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Paysafe's expansion of its partnership with IC Markets to enhance payment offerings in Latin America could potentially boost its revenues and market presence. The company's recent Q1 FY23 revenue growth also indicates a positive financial performance.
The expansion of Paysafe's partnership with IC Markets will allow it to tap into the growing Latin American market, potentially increasing its customer base and revenues. The company's recent financial performance, with a 5% YoY revenue growth in Q1 FY23, also indicates a positive trend. This could potentially lead to an increase in the company's stock price in the short term.
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