Paysafe and Microsoft Expand Collaboration
15 November 2022 - 11:00AM
Business Wire
Paysafe’s prepaid eCash solution paysafecard
now accepted on Microsoft.com and Xbox.com in US and eight
additional countries in Europe
Leading specialised payments platform Paysafe (NYSE: PSFE) has
further strengthened its relationship with Microsoft, launching
paysafecard as a new alternative payment option on Microsoft.com
and Xbox.com in the United States and eight additional European
countries.
The ongoing collaboration between the two companies now spans 31
countries. This latest development means that millions of new
customers in the US and Europe who don’t have access to traditional
online payment solutions or who prefer not to share their credit
card information online can now make cash-based purchases on
Microsoft.com and Xbox.com. In 22 European countries, this service
is also available on the Xbox game console.
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. Bank account or credit card details are not required.
The expanded cooperation between Paysafe and Microsoft is the
newest extension of a collaboration between the two companies which
first saw paysafecard offered 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.
Commenting on the strengthened partnership, 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’s 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.”
Notes to the editor: The collaboration initially launched
in Austria, Belgium, Czech Republic, Denmark, Finland, France,
Germany, Greece, Hungary, Ireland, Italy, Luxembourg, the
Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain,
Sweden, Switzerland and the UK, and has now been extended to cover
Croatia, Cyprus, Georgia, Latvia, Liechtenstein, Lithuania, Malta,
Slovenia and the US.
About Paysafe Limited Paysafe Limited (“Paysafe”) (NYSE:
PSFE) (PSFE.WS) is a leading specialised payments platform. Its
core purpose is to enable businesses and consumers to connect and
transact seamlessly through industry-leading capabilities in
payment processing, digital wallet, and online cash solutions. With
over 20 years of online payment experience, an annualised
transactional volume of over US $120 billion in 2021, and
approximately 3,500 employees located in 10+ countries, Paysafe
connects businesses and consumers across 100 payment types in over
40 currencies around the world. Delivered through an integrated
platform, Paysafe solutions are geared toward mobile-initiated
transactions, real-time analytics and the convergence between
brick-and-mortar and online payments. Further information is
available at www.paysafe.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20221114005521/en/
For Media Inquiries:
Sanna Raza, Corporate Communications Manager, DACH |
sanna.raza@paysafe.com
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