LBPay, a licensed payment institution, has joined the International Betting Integrity Association (IBIA) Payment Provider Forum in Brazil, strengthening cross-sector efforts to combat illegal betting and reinforce financial and sporting integrity within the country’s regulated market.
IBIA’s Payment Provider Forum brings together payment platforms and industry stakeholders to address shared threats, disrupt illegal betting flows and strengthen safeguards across the payment chain in Brazil. As part of the Forum, LBPay will contribute operational expertise and financial intelligence to support coordinated action against unlicensed betting activity.
LBPay’s participation comes at a time of increased regulatory focus on financial controls within Brazil’s betting market, where payment providers are prohibited from processing transactions for unauthorized operators. Through the Forum, members work collaboratively to close vulnerabilities, share knowledge and implement practical safeguards to protect consumers and the integrity of both the financial systems and sports betting markets.
Bruno Gonçalves, Commercial Director of LBPay, said: “Joining the IBIA Payment Provider Forum reflects our commitment to maintaining the highest standards of compliance and financial integrity. We recognise the importance of collaboration across the payments and betting ecosystem to prevent misuse and ensure that Brazil’s regulated market remains secure, transparent and resilient.”
Khalid Ali, CEO of IBIA, said: “We are pleased to welcome LBPay to the Payment Provider Forum. Payment providers are a critical line of defense in protecting the integrity of sports betting, particularly in markets like Brazil where financial transactions can be used to support illegal operators. By working together through the Forum, we can better detect and disrupt illicit payment flows, strengthen oversight of the regulated market and support wider efforts to safeguard sport from betting-related corruption.”
The Forum recently published a Best Practice Guide for payment providers in Brazil, setting out practical measures such as continuous license verification, risk-based transaction monitoring and structured blocking and reporting protocols to combat illegal betting and associated financial crime. The guide underlines the importance of coordinated action across stakeholders to protect the regulated market and strengthen financial oversight.
Since its establishment in February 2025, the IBIA Payment Provider Forum has held seven meetings, including two in 2026. The most recent meeting took place in April 2026 in São Paulo, during the week of SiGMA South America, where Forum members also participated in a dedicated panel discussion. The meeting reaffirmed the importance of enhanced cooperation between payment providers and integrity stakeholders in addressing illegal betting risks and protecting the integrity of sport in Brazil.
About the IBIA Payment Provider Forum
The IBIA Payment Provider Forum brings together leading payment platforms and industry stakeholders to address shared threats, disrupt illegal betting flows, and strengthen the integrity of regulated markets. By closing loopholes and enhancing safeguards, the Forum helps build trust and combat financial crime.
About IBIA
The International Betting Integrity Association (IBIA) is a not-for-profit organisation funded by betting operators committed to protecting integrity in sports betting.
Its Global Monitoring & Alert Platform (Global MAP) uses intelligence from more than 90 member operators to detect and share alerts on suspicious betting activity across regulated markets worldwide.
Through collaboration with sports governing bodies, regulators, and law enforcement, IBIA works to prevent match manipulation, support athlete education, and promote strong integrity standards across the betting ecosystem.
About LBPay
LBPay is a Brazil-based payment institution authorised and regulated by the Central Bank of Brazil (BACEN). It provides secure, compliant digital payment solutions designed for regulated industries, with a focus on speed, stability, and operational efficiency.
As a direct participant in Brazil’s instant payment system (PIX), LBPay enables real-time transactions, high approval rates, and seamless payment experiences for users and businesses operating within the regulated financial ecosystem.
