Paag CEO João Fraga revealed some big news during an interview at BiS SiGMA Americas. He announced that Banco BS2 is the newest partner of his company.
“It is a great pleasure to have this partner — a traditional bank that is looking at this market and understanding that it can be part of it, as long as there is a safe player. And Paag being this player is, in fact, the result of hard work and our vision of investing in security and compliance,” he said.
Fraga stressed that this is a decisive moment for the betting market in Brazil, but also full of opportunities. “We wanted to understand what the requirements for operators would be and how we could help them in this turning point for the regulated market. I am very happy to announce that Banco BS2 saw Paag as a serious, safe and responsible player to serve the betting market after regulation,” he added.
Furthermore, Fraga highlighted that Paag has become a technology company with a wide range of products. “We have several solutions to offer to players. With the arrival of the bank, we added the entire credit part, allowing the company to have cash flow to make investments. Now, we offer a complete banking product”, he concluded.