With its launch in Poland, the PaysafeWallet enables consumers to pay, send and spend in zlotny by using a debit card in their pockets or on their phones, Paysafe said in a Monday (Aug. 10) press release.
Paysafe already offered PaysafeCard in Poland, and PaysafeWallet builds on that by adding a digital wallet, according to the release.
PaysafeWallet allows consumers to top up with cash, send money to friends, pay at stores and restaurants, spend online, send and receive bank transfers, and withdraw cash, the release said.
With the digital wallet, consumers receive a personal payment account with an IBAN and a virtual debit card, per the release.
Existing PaysafeCard account holders can add PaysafeWallet by clicking on the Wallet tab, while new customers can download the PaysafeCard and sign up in minutes, according to the release.
“Young consumers in Poland are digital natives and expect their money to move as fast as they do,” Paysafe Chief Product Officer Bob Legters said in the release. “PaysafeWallet gives them something that feels made for them; their own debit card on their phone, the freedom to pay, send and spend however they want, and the reassurance that cash is still an option when they need it.”
Paysafe said in April that it had expanded the availability of PaysafeWallet and offered the digital wallet in 18 European countries, including Germany, France, Greece, Spain, Italy, Australia, the Netherlands, Slovakia, Belgium, Portugal, Ireland, Slovenia, Cypress, Latvia, Lithuania, Luxembourg and Malta.
According to Paysafe’s Monday press release, about 600,000 users have joined PaysafeWallet across Europe in the past 18 months.
Paysafe CEO Bruce Lowthers said during a May earnings call that the company’s wallet expansion in Europe was gaining ground and that PaysafeWallet recorded its strongest month on record, as of that time, in March.
“We are much more aggressive about consumer acquisition today than we have ever been,” Lowthers said during the call.
Paysafe also offers a PagoEfectivo wallet in Latin America and has seen that product become a contributor to user growth and engagement, Lowthers said.
