Paysafecard Online Payment System Expanding Fast

Published Wednesday, July 02, 2014 -
Paysafecard Online Payment System Expanding Fast

Paysafecard is an electronic payment method for predominantly online shopping and is based on a pre-pay system. Paying with Paysafecard does not require sharing sensitive bank account or credit card details. Using Paysafecard is comparable to paying with cash in a shop and it is currently available in over 37 countries in Europe, Australia, and North and South America. Because it is possible to buy PIN codes the process for paysafecard with cash, a certain level of anonymity is automatically guaranteed, as well as a limit to the amount of money that can be lost by accident or fraud. Last May paysafecard continued its international expansion by launching its ‘my paysafecard’ online payments account in Croatia. Paysafecard has been available to customers in Croatia since 2012, but the launch of my paysafecard will further strengthen the provider’s presence in the country.

The continued expansion of the company was announced recently that paysafecard will be launching in Peru and Uruguay. This expansion into these new areas will further enhance paysafecard’s overall presence in the Latin American market. Already available in Mexico since 2010 and Argentina since 2009. The initial launch will include 3,500 sales outlets in Peru, which is set to grow to 10,000 soon. Distribution in Uruguay will be handled by an exclusive operator that operates approximately 5,000 sales outlets.

Chief executive officer of paysafecard, Udo Müller, commented, "As Latin American countries, Peru and Uruguay offer both optimal conditions and enormous potential for our product. It is for these reasons that we are hugely excited about taking this step. It is against this backdrop and with strong local partners that we continue to grow as world market leader in a deliberate fashion Our ambitious expansion plans will follow the opening up of these two countries with further new markets, and will soon see us present across the breadth of Latin America."



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