Ant International Gets Brazil Payment Institution License to Expand Local and Cross-Border Payments
Ant International has received a Payment Institution (PI) license from the Central Bank of Brazil, giving it more room to operate in one of the most acceptance-sensitive payments markets around. For PSPs and high-risk merchants, the practical signal is simple: Brazil continues to reward providers that can support Pix, cards and alternative payment methods without making the checkout look like a science project.
- According to a Thursday, Sept. 3 press release cited by PYMNTS, the PI license will strengthen Ant International’s local and cross-border payment capabilities in Brazil and expand its ability to support local partners.
- The license builds on services the company already provides in Brazil through Antom, its merchant payment and digitalization platform. Antom enables merchants to accept Pix, credit cards and a variety of alternative payment methods.
- Rodrigo Reif, general manager, Ant International Brazil, said the company is ready to offer “more reliable and comprehensive global payment and account services” to enterprises, platforms and small- to medium-sized businesses in the country’s digital economy, in closer collaboration with Brazil’s payments ecosystem and financial services industry.
- For context, PYMNTS Intelligence found that 65% of Brazilian consumers said a merchant’s acceptance of their preferred payment method influences where they shop. The report also said acceptance of Pix, now used for one-quarter of purchases, and cards is essential.
- Ant International said in July that it raised $1.2 billion in Series A equity financing to improve its cross-border payments and agentic commerce offerings, and in August it said several of the world’s biggest banks are using its Falcon Time-Series Transformer (FalconTST) model for foreign exchange risk management in cross-border payments.
Ant International said it provides services to clients across the Americas, Asia and Europe. In Brazil, the license matters because payment acceptance is not a side issue; it is the decision point.
Weekly high-risk digest
Regulation, sanctions and payment news across your verticals — once a week, free.
Please check your inbox and click the link to confirm your subscription.
Please enter a valid email address!