Brian
Azar, Commercial Manager at Astropay, the developer and supplier of pre-paid
cards and local payment methods, explained: "Everything a European is used to
completely changes when accessing the LatAm market. Operators are used to
processing in most cases with instant payments, with the majority of users
paying with either wallets or cards. When coming to LatAm, around 70% of the
population do not have access to international credit cards, leaving them
either with local credit cards or alternative payment methods to pay with.”
"Our goal is to get operators comfortable with the alternative payments methods
and give them an insight of how they work. Once an operator is comfortable and
is willing to promote the payment methods on their cashier, the sky is the
limit,” Azar added.
Azar
believes the opportunity to meet all of the players in the industry who are
trying to access the LatAm markets is invaluable. He said: "Events such as
Juegos Miami make it easy to meet clients and operators in the regions who want
to expand their services. It’s a big bonus to meet them face-to-face,
especially when dealing in emerging markets: it allows you to explain the
difficulties and challenges an operator may have when tapping into the region.
Without having the opportunity to meet face-to-face, many of the challenges
tend to get lost in translation.”
Outlining
the objectives of participating in what is widely regarded as being the premier
event for what is one of gaming’s most dynamic markets, he added: "Being the
leaders for cross
-border
payment processing in LatAm, our main goal is to greet all merchants who have
decided to evaluate the opportunity of landing in LatAm. We walk them through
the possibilities that each country has to offer whilst at the same time
outlying the differentiators of each market and sharing our expert knowledge
with them. We try to mentor and guide our partners so they can operate as
efficiently as possible without any burns along the way.”
"It’s
vital they are made aware of frauds and the risks involved in the regions and,
most importantly, how to avoid them. As a payment gateway, we’ve adapted to any
jurisdiction changes and have always maintained our high standards of service
whilst fulfilling with international anti-money laundering laws. The pre-paid
AstroPay card is used globally and can be bought locally through +130 payments
methods. These payment methods are also available for operators to integrate
directly onto their cashiers and gain coverage in Brazil, Argentina, Chile,
Colombia, Mexico, Peru, Bolivia, Paraguay and Uruguay,” Azar concluded.
Juegos
Miami features a powerful, strategic and hands-on learning programme presented
alongside a line-up of inspirational exhibitors and sponsors. Attendance is
limited to senior decision makers from operating companies as well as
government and regulators from the Latin American and Caribbean region.
Source: GMB / Betting-business.co