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AstroPay Becomes Latest Firm to Acquire Payment Institution Licence in Brazil

It has been a busy few days for the Central Bank of Brazil as it announces another company has acquired a payment institution (PI) licence.

Last week, PagBrasil acquired a PI licence to continue its PIX integration expansion. A company following suit but taking PIX in a different direction is AstroPay, the digital financial solution provider. With its new PI licence, AstroPay will deliver secure, compliant, and user-friendly cross-border payment solutions.

Helping organisations in Brazil, AstroPay is bringing fast and simple financial services for Brazil’s local and international users and businesses. AstroPay’s Pix for Foreigners allows international visitors to make instant payments in Brazilian reais, giving small businesses—from beach vendors to market stalls—a frictionless way to transact without the excessive fees associated with credit cards.

In addition, AstroPay’s global card also allows users to manage their money securely across borders, access highly competitive exchange rates, and spend freely without unnecessary complexity.

The company’s fees enable travellers spending $2,000 on a trip to Brazil to save up to BRL 1,000 compared to conventional credit cards, with conversion rates as low as 1.5 per cent and an IOF (financial transaction tax) of just 0.38 per cent.

Marc Sacal, CEO of AstroPay
Marc Sacal, CEO of AstroPay

Marc Sacal, CEO of AstroPay commented, “This expansion marks a pivotal milestone for AstroPay as we align our services with Brazil’s regulatory framework and deliver compliant, secure, and innovative financial solutions. By working closely with local and international regulators, we aim to empower individuals and businesses globally to take control of their finances. This isn’t just about payments—it’s about building a foundation of trust and efficiency to create meaningful opportunities for users in Brazil and beyond.”

Achieving a milestone in Brazil

AstroPay has also strengthened its local presence by expanding its team in Brazil and tailoring its services to meet the unique needs of Brazilians and the growing community of expats who are choosing Brazil as a destination. With this expansion, AstroPay reaffirms its mission to provide individuals and businesses with financial freedom, enabling everyone to spend, save, and send money without limits.

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