Payments platform Paysafe has launched its ecash payment solution in Argentina, as the company looks to further strengthen its LatAm footprint
Payments program Paysafe has launched its ecash payment resolution in Argentina, as the troupe looks to farther fortify its LatAm footprint.
The defrayment solution, paysafecard, allows users to securely browse for goods and services by using cash to purchase pre-paid vouchers with a 16-digit code, before adding the counterbalance to their myPaysafe account.
Approximately 76% of Argentinians come non have a credit entry card, with around 20% without a sedimentation account.
The choice to apply immediate payment with paysafecard opens upward access to young customers who were previously excluded due to a deficiency of course credit scorecard or camber account. The scorecard offers a answer for these people, and provides approach to gaming, social media and entertainment services.
Paysafe President of Digital Wallets Chirag Patel said: "We’re excited to be operating once again in Argentina, where ecommerce and online financial services are growing rapidly patch the population remains underserved inwards terms of cards.
“We escort outstanding potency here to facilitate our international merchandiser partners supply the correct payments options for their customers and piss more transactions.”
The displace comes after Paysafe’s recent acquisitions of Latin America-based payments companies SafetyPay and PagoEfectivo, working to enable further ontogeny and cross-selling opportunities in the region.
Revenue for the point stood at $378.9m, representing a fall of 1% year-on-year. Despite this, Paysafe reported a 3% step-up inwards revenue on a constant quantity currency basis.
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