Paysafe Bolsters International Processing Capabilities with European Cross-border Acquiring Services

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May 18, 2016, 04:00 ET

LONDON, May 18, 2016 /PRNewswire/ --

Paysafe (PAYS.L), a leading global provider of payment solutions, today announces the launch of its multi-currency cross-border acquiring capabilities in Europe. The new capabilities allow Paysafe to offer full-service processing solutions to more businesses across the European Economic Area (EEA).

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Among the products it offers, Paysafe's PCI-compliant payments platform enables processing in over 100 currencies and provides industry-certified fraud and risk management tools, helping businesses around the world accept payments securely online and through mobile devices.

As a principal member of MasterCard® Europe and Visa® Europe, Paysafe directly acquires merchant accounts and processes transactions. Through its newly broadened acquiring capabilities, the company is now able to offer its full-service, multi-territory European payment processing solutions to merchants based in all EEA countries, as well as UK merchant customers with an international presence in the EEA. According to industry research, global cross-border ecommerce is set to grow to GBP 28 billion by 2020 with the UK expected to have a 60% share of that market*.

Andrea Dunlop, CEO of Card Solutions and Acquiring at Paysafe, comments: "Our expanded cross-border acquiring service is part of our ongoing strategy to provide holistic and efficient payment processing solutions to businesses worldwide. Our growing set of acquiring capabilities enable us to support more of the payments value chain for businesses, helping merchants accept both traditional and alternative payment methods securely and efficiently, through a single global operator."

*According to The Paypers' Cross-border Ecommerce Report UK

About Paysafe

Paysafe provides digital payments and transaction-related solutions to businesses and consumers around the world. Paysafe makes transactions easy by enabling fast, convenient and secure ways to pay-before, pay-now and pay-later through its digital wallets, prepaid card, payment processing and card issuing & acquiring products and services. We believe that every point of every payment should be relevant, simple and safe. With nearly two decades of experience, Paysafe is trusted by merchants, and by consumers in more than 200 countries and territories, to move and manage money via more than 100 payment types and 40 currencies. Paysafe offers multi-platform products with an emphasis on emerging payment technologies including mobile. Paysafe's brand portfolio includes NETELLER® and Skrill®, paysafecard®, payolution® and FANS Entertainment. Paysafe Group plc shares trade on the London Stock Exchange under the symbol (PAYS.L). For more information, visit: http://www.paysafe.com .

SOURCE Paysafe