Austrian Fintech Paysafecash Announces Expansion Into Mexico

PaySafeCard, an Austria-based fintech that is part of the Paysafe Group, announced on Tuesday it has launched its services in Mexico. As previously reported, PaySafeCard claims it has become a global market leader in online prepaid payment methods and part of the portfolio of payment of PaySafeCard, My PaySafeCard, PaySafeCard Mastercard, and PaySafeCash. The company, now available in 28 countries, further noted it is designed for consumers who do not have a bank account or credit card, or who do not wish to disclose sensitive financial data on the internet.  

“Available in over 650,000 outlets in nearly 50 countries worldwide, PaySafeCard enables easy and secure online purchases by cash, as payments are made either by using a 16-digit PaySafeCard PIN online or by scanning a Paysafecash Barcode at a Point of Sale. Customers do not need to share sensitive financial data such as bank account or credit card details.”

While sharing details about the launch in Mexico, Udo Müller, CEO of PaySafeCard, stated:

“Paysafe’s prepaid eCash solution, paysafecard, has been available in Mexico since 2010. I’m thrilled that, 10 years on, we are now offering Mexican consumers an additional alternative payment method which enables anyone to participate in the world of eCommerce. The growth of the eCommerce market in terms of users and revenue is very strong in Mexico and I’m excited to be part of the growth story for the second largest economy in Latin America.”

PaySafeCash added itis starting with close to 3,000 payment points in Mexico including popular retail outlets such as Farmacias del Ahorro, Extra, Circle K and K. The company noted it aims is to be present in more than 8,000 payment points by the end of the year.

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