PSP license in Brazil

April 14, 2023
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A payment service provider or PSP is a firm that supplies favors related to online payments. These firms act as intermediaries between the merchants or companies that accept online payments and the banks or financial institutions that process those payments. Service suppliers offer a wide range of favors, including remittance processing.

With the development of e-commerce and the rise in popularity of online payments, PSPs have become increasingly important in recent years. These companies offer businesses a fast, secure and reliable way to accept payments from clients around the world. By using a PSP, businesses can avoid the hassle of setting up their own payment processing systems and focus on their core business.

One of the main advantages of using a PSP is the ability to accept payments in multiple currencies. Remittance service providers can convert payments made in a foreign currency to a currency of the merchant’s choice, making it easier for businesses to sell their products and services to customers in other countries. Suppliers can also help businesses reduce the risk of currency fluctuations by offering hedging options.

Requirements for PSP license in Brazil

To obtain a payment service provider license in Brazil, you need to met below demands:

  • Register a company in Brazil: A company wishing to obtain a license to provide PSP services must be registered in Brazil. This may require certain legal services and documents, such as the company’s charter and proof of its financial stability.
  • Have a bank account in Brazil: To obtain a PSP license, a company must have a bank account with a bank registered in Brazil. This provides convenience in conducting transfers with clients and accounting for financial transmissions.
  • Comply with the demands for the security and protection of personal data: The Company must comply with the demands established by law for the security and protection of personal data and use modern data and information protection methods.
  • Comply with anti-fraud requirements: The Company must use methods to combat fraud and financial crimes, such as the detection and recovery of counterfeit means of payment, as well as the use of financial crime detection and prevention systems.

Advantages payment agents registered in Brazil

Obtaining a PSP license in Brazil can have some advantages for companies that plan to engage in this activity. Here are some of those benefits:

  • A market with high potential: The Brazilian market is one of the largest in Latin America and one of the fastest growing markets in the world. This can create a high demand for PSP services, providing an opportunity for business growth.
  • Ability to attract new customers: Obtaining a license to provide PSP services can increase the trust of potential customers in the company, as the license shows that the company has passed the mandatory verification procedure and adheres to safety and reliability standards.
  • Access to infrastructure: Companies licensed to supply PSP favors can gain access to the infrastructure of remittance systems and payment networks, which helps to expand operations and increase the volume of transfers.
  • Increased competitiveness: Obtaining a permission can provide a company with a competitive advantage, as it can provide a wider range of services and provide a higher level of security and reliability.
  • Access to new technologies: Companies licensed to supply PSP services can gain access to new technologies and innovations that will help them maintain their place in the market and grow.


To get a PSP license in Brazil, the following documents must be prepared:

  • An application for obtaining a permission, which must contain complete information about the company and its activities.
  • The company’s charter and documents confirming its legal status.
  • A list of the company’s executives, which includes full information about them and their professional experience.
  • Documents confirming the financial stability of the company, including reports on financial results, balance sheets and other financial documents.
  • Documents confirming the company’s technical and safety capabilities, such as security measures.
  • Documents confirming the company’s compliance with national and international laws on financial favors and the fight against crime.
  • Documents confirming the presence of a sufficient number of qualified specialists in the company.
  • Documents certifying the company’s relations with banks and other financial establishments.
  • Documents confirming the company’s ability to provide high-quality and reliable technical and customer support.
  • Additional documents that may be requested depending on the specific situation and demands of national regulatory authorities.

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