The company integrates with digital banking apps to offer an innovative "mobile ATM" concept which enables consumers to make deposits, transfers or withdraw cash from their digital bank accounts at a nearby retail store using a barcode. Viafintech was founded in 2011 and is headquartered in Berlin, Germany. In 2020, paysafecard and Paysafecash reached a transaction volume of more than US$ 4.6 billion.įor more information, please go to About viafintech Paysafecash is already available in nearly 30 countries. In 2018, the paysafecard team developed Paysafecash allowing customers to shop online first and then pay securely for their purchases with cash at convenient, nearby payment points. Its original product, paysafecard, uses a 16-digit PIN and enables customers to shop online without using an account or credit card, protecting their confidential financial information. Today, it is available to purchase in over 650,000 sales outlets in over 50 countries and its brands include paysafecard, paysafecard account, paysafecard Mastercard® and Paysafecash. The goal of its eCash division is to target simple and secure online transactions through prepaid and online cash solutions. Paysafe is a global market leader in the provision of eCash payment solutions. Further information is available at About Paysafe’s eCash Division 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. With over 20 years of online payment experience, an annualised transactional volume of US $100 billion in 2020, and approximately 3,400 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world. 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.
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Paysafe Limited ("Paysafe") (NYSE:PSFE) (PSFE.WS) is a leading specialised payments platform. We are excited to be starting this next chapter and doubling our efforts to strengthen financial inclusion and shift away from legacy banking."
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Sebastian Seifert, Co-founder and Managing Director of viafintech, added: "Becoming part of the Paysafe Group will help us to build on our business achievements to date and accelerate our future growth as Europe’s number one, non-banking, cash-in/cash-out infrastructure. viafintech solutions are also used widely for bill payments and credit pay-outs, as well as for online shopping in general, supporting millions of consumers in the region who don’t have bank accounts, or who simply prefer the heightened security of using eCash to pay online.
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Viafintech was founded in 2011 and integrates with digital banking apps to offer an innovative "mobile ATM" concept which enables consumers to make deposits or withdraw cash from their digital bank accounts at a nearby retail store using a barcode something that is becoming increasingly popular in the region as bricks and mortar bank branches close and fast-growing challenger banks and digital wallets disrupt the market. For Paysafe, the investment allows it to expand in critical markets and position itself as the essential payments partner to challenger banks around the world. viafintech, known under the brand viacash, offers one of the largest bank-independent alternative payments infrastructures in Europe, allowing a popular alternative to the traditional banking system. LONDON, November 01, 2021-( BUSINESS WIRE)-Paysafe (NYSE:PSFE), a leading specialised payments platform, today announced that it has completed its acquisition of market-leading German fintech company, viafintech. Acquisition accelerates Paysafe’s growth in Germany and other key markets where consumers continue to move away from the legacy banking system.