Paysafe Group, a global payments provider, announced on Thursday it has expanded its strategic partnership with Mastercard. Paysafe reported that the new agreement was designed to support its growth and card acceptance in the European Economic Area (EEA) with a particular focus on Paysafe’s card issuing solutions, including its Skrill Prepaid Mastercard and NETELLER Net+ Prepaid Mastercard.
Also through the new agreement, Mastercard will support Paysafe’s product development, which includes digital enablement for its services. The focus of the new partnership will include enabling digital payment methods such as Apple Pay and Google Pay.
Speaking about the new partnership agreement, Lorenzo Pellegrino, CEO of Skrill, NETELLER and Income Access at Paysafe, stated:
“At Paysafe we have a relentless focus on creating a leading customer experience for both our consumer and merchant customers, and that includes our ability to innovate and scale in order to meet demand. We value the role that Mastercard plays in supporting us to do this.”
Scott Abrahams, Senior Vice President, Business Development and Fintech at Mastercard in the UK, added:
“We are delighted to be entering this next phase of our relationship with Paysafe, supporting their ambitions to leverage prepaid and e-commerce acceptance across Europe as they grow.”