AstroPay, a global enabler of digital financial solutions, says that it is redefining financial connectivity in Brazil with its expansion and acquiring a Payment Institution (PI) license issued by the Central Bank of Brazil.
This license is from the Central Bank of Brazil, underscoring AstroPay’s commitment to delivering cross-border payment solutions.
AstroPay says that it is poised to bring financial services for Brazil’s local and international users and businesses.
AstroPay’s “Pix for Foreigners” allows international visitors to make instant payments in Brazilian reais, giving small businesses—from beach vendors to market stalls—a way to “transact without the excessive fees associated with credit cards.”
In addition, AstroPay’s global card allows users to “manage money across borders, access competitive exchange rates, and spend freely without unnecessary complexity.”
The company’s approach to cross-border payments aims to deliver savings for users.
For instance, AstroPay’s “competitive” fees enable travelers spending USD 2,000 on a trip to Brazil to save “up to BRL 1,000 compared to conventional credit cards, with conversion rates as low as 1.5% and an IOF (financial transaction tax) of just 0.38%.”
Marc Sacal, CEO of AstroPay, commented:
“This expansion marks a pivotal milestone for AstroPay as we align our services with Brazil’s regulatory framework and deliver compliant, secure, and innovative financial solutions. By working closely with local and international regulators, we aim to empower individuals and businesses globally to take control of their finances. This isn’t just about payments—it’s about building a foundation of trust and efficiency to create meaningful opportunities for users in Brazil and beyond.”
AstroPay strengthened its local presence by expanding its team in Brazil and tailoring its services “to meet the unique needs of Brazilians and the growing community of expats who are choosing Brazil as a destination.”
With this expansion, AstroPay reaffirms its mission to provide individuals and businesses with financial freedom, “enabling everyone to spend, save, and send money without limits.”
Whether you’re a business tapping into Brazil’s economy or a user navigating multiple currencies, AstroPay is bridging “the gap with speed, security, and reliability.”
As noted in the update, AstroPay is a financial technology company improving how people “manage their money in a borderless economy.”
Established in 2009, AstroPay empowers users with payment solutions designed to “transcend geographical and financial boundaries.”
Their mission is to unlock financial freedom by enabling individuals and businesses “to save, send, and spend money without restrictions.”
AstroPay combines technology with a commitment to security and compliance, delivering a “user-centric experience that simplifies global financial transactions.”