Apcopay has been granted a B2B payments’ provider authorisation with Mincetur, Peru's Ministry of Foreign Trade and Tourism. This significant accreditation demonstrates Apcopay's continuous commitment to extending its market position in Peru and throughout the Latin American region.

The acquisition of the B2B authorisation from Mincetur demonstrates Apcopay's commitment to provide a varied blend of domestic payment solutions serving the iGaming sectory. With this authorisation, Apcopay is now fully ready to provide a broad variety of payment processing services to Peruvian B2C operators, streamlining payment transactions while improving security and user experience for both local businesses and customers alike.

As Peru's gaming business expands at a rapid pace, the demand for streamlined B2B services increases exponentially. Apcopay's market launch is projected to greatly improve payment efficiency while also increasing the stability and confidence within the iGaming industry. According to Statista, the online gambling market in Peru is projected to reach around US$314.8 million in revenue by 2024, driven by regulatory advances and rising demand for digital gaming. The industry is expected to grow at a compound annual growth rate (CAGR) of 5.97%, potentially reaching about US$420.6 million by 2029.

"Our entry into the Peruvian market represents a pivotal step in our strategy to support the iGaming industry across Latin America with our advanced payment aggregation solutions, holistically accessible from a single API," said Daniel Buttigieg, Chief Commercial Officer of Apcopay. "We are committed to supporting our partners to gain an early market share and succeed in this dynamic and fast paced region." Mr Buttigieg emphasised the company's goal of integrating its strong payment processing capabilities with the specific needs of iGaming operators.

Apcopay’s gaming solutions are designed to seamlessly integrate every payment option into one streamlined system. Whether it’s online casinos, sportsbooks, or lotteries, Apcopay ensures a quick, transparent, and efficient setup, providing full visibility at every stage of the process. Additionally, Apcopay ensures prompt and flawless payouts to customers through its robust system, efficiently processing transactions in a high availability and scalable payments infrastructure.

As Peru continues to regulate and grow, Apcopay is ready to support its partners in securing valuable early market share and partaking in the success of the gaming industry within the region. This strategic move underscores Apcopay's commitment to working alongside new entrants as well as established operators in garnering their position in the Latin American market as well as demonstrates its readiness to assist in navigating the unique set of challenges as well as uncovering new growth opportunities within Peru’s evolving gaming landscape.