What Is Boleto and How it Dominates Online Casino Payments?
Boleto is a regulated payment system supervised by the Central Bank of Brazil and the Brazilian Banks Federation (Febraban). It works as a proforma invoice, or “bank ticket,” which can be paid at banks, ATMs, post offices, lottery shops, or even supermarkets. Unlike traditional online banking or credit card systems, Boleto doesn’t require sharing sensitive financial details, making it a safe and attractive choice for players who value privacy.
What makes Boleto dominant in the online gambling world is reach. With 17% of Brazilians relying solely on Boleto as their only payment method, online casinos cannot ignore it. Boleto transactions represent a quarter of Brazil’s online payments, amounting to 3.7 billion transactions annually. For operators, adding Boleto means tapping into one of the most active gambling markets in the world.
Brief History of Boleto
Launched in 1993, Boleto was created to modernize Brazil’s payment ecosystem. The goal was to give citizens without credit cards or bank accounts a reliable, cash-based alternative for bills and purchases. Since then, Boleto has become so deeply integrated into Brazilian commerce that it now powers billions of annual payments, making it indispensable for e-commerce and iGaming.