BS2 acquires minority stake in Paag, with option for full purchase within three years
Brazilian financial group BS2 announced a minority acquisition in payments technology company Paag, with an agreement allowing it to buy the whole business within three years. Paag serves betting companies and operates in iGaming and cryptocurrencies; BS2 said regulatory changes in Brazil had created an opportunity to expand its role in betting payments.
The investment could give BS2 a route to expand its payment services for betting businesses in Brazil.