Covid-19 Impact on Banks, And fixes. The Black Swan Opportunity

Download Now

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

IBS Journal: The iconic monthly FinTech magazine

May 2020 issue out now! Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

paysafecard expands European presence with new launch in Iceland


Udo Müller, CEO of paysafecard

European eCash solutions provider, paysafecard, has announced expansion in Europe with its new base in Iceland. The supplier, a part of the payments group Paysafe, has partnered with sales partners Basko verslanir.

Udo Müller, CEO of paysafecard, commented, “Iceland is one of the most digitally penetrated societies in the world, with high growth potential and a high affinity for innovation. paysafecard is bringing its global experience of secure and easy-to-use prepaid solutions to Iceland, representing the final step in making our solution available across the whole of Northern Europe.”

According to the supplier, the new launch will enable it to provide Icelandic users a secure payment method in a bid to remove the dependency on bank accounts, credit cards and provide access to international online services.

Recently, Paysafe Group‘s prepaid online cash payment method paysafecard partnered with Samsung, thereby enabling it to become a payment method in the Galaxy Store, for purchasing smartphones and making in-app purchases.

Sigurður Karlsson, Managing Director at Basko verslanir, added, “paysafecard will provide users in Iceland with a secure and convenient payment method that has been tried and tested in dozens of markets worldwide. It makes removes the reliance on bank accounts and credit cards for online shoppers and offers direct access to many international online services in the area of digital entertainment such as gaming and esports. We see tremendous potential for paysafecard and look forward to a successful cooperation.”

Founded in 2000 in Vienna, paysafecard is a provider of online prepaid payment solutions and enables online transactions with cash. Through a 16-digit PIN, customers can pay online, regardless of a credit card’s availability.

Established in 2018, Paysafe Group is a provider of end-to-end payment solutions with core capabilities in payment processing, digital wallet, card issuing and online cash solutions. Paysafe solutions aim to fuel mobile-initiated transactions, real-time analytics, etc.

Related IBS Intelligence Research​

Related Posts