Brazil-based financial infrastructure provider iugu has become the latest payments integrity partner of the International Betting Integrity Association (IBIA).

The company joins the IBIA’s Payment Provider Forum – an initiative created with the objective to protect the betting market from financial crime related to events manipulation.

All members of the Forum are payment companies committed to safeguarding the integrity of sports, bound together by the IBIA’s Declaration of Commitment and Participation for good practices in integrity, transparency and monitoring.

Khalid Ali, CEO of IBIA, said: “We are pleased to welcome iugu as a new member of the Payment Provider Forum. 

“The involvement of responsible and committed payment providers is essential to support the integrity and sustainable development of the regulated sports betting market, especially in emerging regions like Brazil.”

Payments integrity in betting is at a crucial point as Brazil adjusts to its regulated betting market which it launched at the start of the year. 

Data from the Ministry of Finance’s Secretariat for Prizes and Betting (SPA) has revealed that around 17.7 million Brazilians wagered on sport in the first half of 2025 either on a website or through an app.

With the market expected to reach a value into the billions by 2028, it makes it a lucrative target for international crime syndicates. Recognising the threat, the IBIA launched the Payment Provider Forum to rally up like-minded payments firms operating in Brazil.

Aside from iugu, other partners include Bazk, Z.ro Bank, OneKey Payments, OKTO, VPag and Pay4Fun.

Supporting the efforts to make this landscape safer against criminal behaviour, Ricardo Dostaole, Head of Bets at iugu, commented on the IBIA partnership: “Our membership in the IBIA Payment Provider Forum underscores our commitment to the highest global standards.

“We are eager to actively contribute to the sector’s growth in Brazil and internationally, partnering with leaders who are committed to security and the development of regulated sports betting.”