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edpin, a pioneer in secure multi-party transaction management software for residential property, has bridged the financial gap between Brazil and Portugal with the launch of Currencies Direct. This innovative service streamlines international property payments for Brazilian nationals, making it easier to invest in Portuguese real estate.

    With 15% of Portugal's real estate sales coming from Brazilian buyers in 2023, this strategic move targets the significant foreign exchange flows between the two nations. As over 250,000 Brazilians reside in Portugal, Redpin aims to capitalize on this trend by providing a seamless and secure payment experience for both real estate agents and property lawyers supporting Brazilian clients.

    Currencies Direct offers private Brazilian clients competitive BRL-EUR exchange rates, no transfer fees, and high transfer limits, making it an attractive option for those looking to buy property in Portugal or send funds out of Brazil. The service also provides expert guidance on optimal transaction timing, delivered through a 5-star rated platform available entirely in Brazilian Portuguese.

    Building on Currencies Direct's strong presence in Portugal, where they have four offices and partner with over 122 real estate agents, this expansion into Brazil will enable these professionals to offer their preferred service to Brazilian nationals. Initially, clients will be serviced by bilingual staff from Redpin's global network before a local office is established.

    Rubem Galvâo, Sales Manager at Currencies Direct, notes: "Brazilian investment in Portuguese real estate is poised for significant growth, with a 50% increase expected over the next three years. By launching our operations in Brazil, we're catering to this growing audience and providing them with a smooth and secure international property transaction experience."

    Pia Hauch, VP Growth at Redpin, adds: "With nearly 30 years of expertise in simplifying life's most important payments, we're excited to expand our offering into Brazil. Our industry-leading platform will reduce the burden on clients and partners alike, making buying a property a more manageable financial and emotional commitment."

    Real estate partners will benefit from introducing their clients to this value-add service, which saves time and money. Currencies Direct transactions will be supported by dedicated partnership managers, while real estate professionals can track referrals and associated commissions through an always-online affiliate portal.

    By opening up this payment corridor, Redpin aims to strengthen relationships with new and existing partners in the property space, ultimately working with 50,000 registered real estate professionals across 10,000 licensed agencies.