Paysafe and Microsoft expand collaboration on payments solution

By Gloria Methri

Specialised payments platform Paysafe has strengthened its relationship with Microsoft, with the launch of ‘Paysafecard’, a new alternative payment option on Microsoft.com and Xbox.com. The prepaid payment solution is available in the US and eight additional European countries.

This means that millions of customers in the US and Europe who don’t have access to traditional online payment solutions or do not prefer sharing their credit card information online can now make cash-based purchases on Microsoft.com and Xbox.com. This service is also available on the Xbox game console in 22 European nations.

The prepaid payment solution Paysafecard, available in 50 countries through a distribution network of 700,000 retail stores, enables consumers to use cash to pay for services online. Using a 16-digit code, payment transactions are completed simply and reliably, without the need to enter bank account or credit card details.

Chirag Patel, President of Paysafe’s Digital Wallets Division, said, “The ability to partner with Microsoft and offer Paysafecard in an additional nine countries provides an important alternative payment method for millions of customers. It is an inclusive payment solution for gamers, allowing them to easily access the digital world of entertainment while managing their budgets. Collaborations with strong partners such as Microsoft have an enormous reach and are an important part of our growth story.”

This marks the newest extension of a collaboration between the two companies which together offered Paysafecard as a payment method on Microsoft.com and Xbox.com in December 2020 and includes a multi-year, global deal for Microsoft to support Paysafe’s cloud-based transaction services using Microsoft Azure.