Paysafe Expands Partnership with ZEN.COM to Bridge the Gap Between Cash and Digital Banking
ZEN.COM customers in 25 countries can now use Paysafecash to deposit money into their accounts
LONDON, October 19, 2021– (COMMERCIAL THREAD) – Leading integrated payments platform, Paysafe (NYSE: PSFE), today announced that it has expanded its partnership with payment provider ZEN.COM. Paysafe’s eCash solution, Paysafecash, can now be used by private as well as business customers in 25 European countries to make fast and secure deposits of money into ZEN.COM’s virtual wallets.
After selecting Paysafecash as the top-up method in the ZEN.COM mobile application, the customer chooses the amount of money to be deposited into their account and generates a unique barcode for the transaction. The barcode does not need to be used immediately – the customer has 72 hours to proceed. Within this period, the customer can go to a nearby payment point, scan the barcode at the point of sale terminal and make the payment in cash. The deposited amount will be credited to the ZEN.COM virtual wallet within a few minutes. The wallet can manage accounts in 30 currencies and can be used for currency exchange and as a payment card. In addition, thanks to an integrated IBAN number, the wallet complements the traditional bank account and allows money transfers.
The integration of Paysafecash by ZEN.COM provides a much sought-after cash load option for digital banking customers in the following 25 countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland and United Kingdom.
Today’s announcement is the latest development in an ongoing collaboration between the two companies. ZEN.COM business customers already have the option of accepting payments through Paysafe’s leading prepaid solution, paysafecard and the Skrill digital wallet. In addition, paysafecard has been activated for wallet loading and there are also plans to further integrate Paysafe payment solutions.
MichaÅ BogusÅawski, Commercial Director of ZEN.COM commented: âThe financial services industry and the needs of consumers within it are changing daily. However, the general trends clearly tell us that consumers are looking for simplicity in addition to security. In order to meet these needs, innovation and cooperation between industry players is essential. At ZEN.COM, we strive to cater to both businesses and customers by providing them with an all-in-one solution. Our cooperation with Paysafe, our valued partner for many years, benefits multiple audiences by enabling us to provide merchants with a wider variety of payment methods and allow customers to use their preferred payment method. As an agile and trustworthy partner, Paysafe is a pleasure to work with.
Udo MÃ¼ller, CEO of Paysafe’s eCash division, which includes paysafecard and Paysafecash, added: âI am delighted to extend our partnership with ZEN.COM to provide cash deposit functionality with Paysafecash. Our eCash network is extremely well established and constantly expanding, making it a very convenient and accessible wallet loading option for ZEN.COM’s cash customers, especially as cash remains the cornerstone of the business. payments landscape in many of these countries. “
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Paysafecash, the leading specialist payment platform Paysafe, is an eCash payment method for customers who want to pay easily and securely online in cash. Available in nearly 30 countries, Paysafecash makes online transactions possible for customers, who do not have a debit or credit card, or who do not wish to use them online. Payments are made by generating a barcode during online payment, which can then be scanned and paid in person at any of over 190,000 payment points. Paysafecash was launched in 2018 by the same Paysafe team that created the award-winning paysafecard prepaid payment solution in 2000. Market leader in eCash payment solutions, paysafecard enables customers to purchase prepaid vouchers which they can then redeem in line.
About Paysafe Limited
Paysafe Limited (âPaysafeâ) (NYSE: PSFE) (PSFE.WS) is a leading specialty payment platform. Its main goal is to enable businesses and consumers to connect and transact seamlessly with state-of-the-art payment processing, digital wallet and online payment solutions. With more than 20 years of experience in online payments, an annualized transaction volume of US $ 100 billion in 2020 and approximately 3,400 employees in more than 12 locations around the world, Paysafe connects businesses and consumers to through 70 types of payment in more than 40 currencies around the world. Delivered via an integrated platform, Paysafe solutions are geared towards mobile initiated transactions, real-time analytics and convergence between physical and online payments. More information is available at www.paysafe.com.
ZEN.COM is an innovative payment model that debuted in November 2020 in response to challenges posed by the growing e-commerce market. By changing the approach to online commerce and payment for purchases, it aims to support both merchants and consumers. As a financial institution, ZEN.COM holds an electronic money license under the supervision of the Central Bank of Lithuania, and the European Banking Authority has approved the operations of the company throughout the European Economic Area ( EEA). As a result, fintech services are available in 31 European countries. ZEN.COM has also won the trust of major payment institutions. FinTech is a direct partner of many payment organizations, such as Mastercard, VISA, American Express, Union Pay, and in cooperation with global and local payment methods strives to meet the most demanding expectations of users. The company was founded by Dawid RoÅ¼ek, creator of the internationally successful auction site for players with 20 million customers.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211019005105/en/
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