Paysafe Launches PaysafeWallet Across 18 European Markets | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
Paysafe has introduced PaysafeWallet, a full-service digital wallet designed for cash and digitally-focused consumers, rolling out the product across 18 European markets through its PaysafeCard app and website.
The wallet enables customers to send, receive, spend, and withdraw money, supported by a dedicated IBAN-enabled personal payment account and debit card.
PaysafeWallet represents an evolution of PaysafeCard’s existing Account & Card product into a unified digital wallet offering under the Paysafe brand.
The product is now live in Germany, France, Greece, Spain, Italy, Austria, the Netherlands, Slovakia, Belgium, Portugal, Ireland, Slovenia, Finland, Cyprus, Latvia, Lithuania, Luxembourg, and Malta.
More than 600,000 existing customers will continue to access cash deposits and their IBAN-based accounts and debit cards without any interruption to service or functionality, whilst the expansion also brings PaysafeWallet to new countries where PaysafeCard is already an established online payment method.
Bob Legters, Chief Product Officer at Paysafe, described PaysafeWallet as a core consumer product that connects cash-based consumers to a modern digital wallet experience, combining everyday usability with the financial services needed to participate fully in what the company calls the experience economy.
The launch follows an initial rollout in select European markets, which Paysafe said gained strong early momentum before being extended across the continent.
