Paysafe to Enable Online Cash Payments on Microsoft Store on Xbox
June 30 2021 - 4:30AM
Business Wire
Gamers in 22 countries will be able to make
online cash transactions with leading eCash solution now
added
Leading specialised payments platform, Paysafe (NYSE: PSFE),
today announced that it has further extended its relationship with
Microsoft, and is now enabling online cash transactions on
Microsoft Store on Xbox through Paysafe’s leading eCash payment
solution – paysafecard. paysafecard is now available on Xbox
consoles for millions of customers in 22 European countries.
paysafecard, available in 50 countries through a distribution
network of more than 650,000 points of sale, enables consumers to
use cash to shop for goods and services online. Using a 16-digit
code, payment transactions are completed simply and securely. Via
an online paysafecard account, consumers also have the option to
combine credit balances. Sensitive financial data such as bank
account or credit card details are not required.
The integration of paysafecard as a payment option on Xbox
follows the initial addition of the eCash payment solution on
Microsoft Store on Xbox, which was launched in December 2020. The
extended service is now available in the following 22 countries:
Austria, Belgium, Czech Republic, Denmark, Finland, France,
Germany, Greece, Hungary, Ireland, Italy, Luxembourg, the
Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain,
Sweden, Switzerland and the UK.
The launch is the latest development in an ongoing and
multi-faceted collaboration between the two companies which most
recently saw Paysafe leveraging Microsoft Azure’s open and flexible
cloud computing platform and tools for its US payment processing
services.
Udo Müller, CEO of paysafecard, said: “Integrating paysafecard
on Microsoft Store on Xbox will provide an important alternative
payment method for millions of customers. paysafecard has been
popular within the gaming space for some time, providing a simple
and safe online cash payment solution for gamers. It’s an inclusive
option for those who might not have traditional bank accounts and
provides an easy way to manage entertainment budgets.”
Trevor Nies, Sr. Director of Global Payments & Risk at
Microsoft, commented on the partnership: “After integrating
paysafecard for Microsoft Store and Xbox.com at the end of last
year, it was clear that we wanted to extend this to the game
console as well. By offering paysafecard as a payment method we are
able to provide cash-based customers access to our digital content
on Xbox consoles through a reliable, easy and secure alternative
payment method.”
About paysafecard paysafecard, a market leader in eCash
payment solutions, was founded in 2000 and is headquartered in
Vienna. paysafecard is part of the international Paysafe Group,
which provides a broad portfolio of innovative payment solutions
and services. paysafecard offers prepaid and online cash solutions
under the brands paysafecard, my paysafecard, paysafecard
Mastercard® and Paysafecash. Available in 650,000 sales outlets in
50 countries, paysafecard enables simple and secure online
transactions with cash. By using a 16-digit paysafecard code,
customers do not need an account or credit card to pay on the
Internet, protecting their confidential financial information. In
2018, paysafecard developed Paysafecash, with which customers can
shop online first and then pay securely for their purchases with
cash offline at the next payment point. Paysafecash is already
available in almost 30 countries. In 2020, paysafecard reached a
transaction volume of 4 billion euros. www.paysafecard.com
About Paysafe Limited Paysafe Limited (“Paysafe”) (NYSE:
PSFE) (PSFE.WS) is a leading specialised payments platform. Its
core purpose is to enable businesses and consumers to connect and
transact seamlessly through industry-leading capabilities in
payment processing, digital wallet, and online cash solutions. With
over 20 years of online payment experience, an annualised
transactional volume of US $92 billion in 2020, and approximately
3,400 employees located in 12+ global locations, Paysafe connects
businesses and consumers across 70 payment types in over 40
currencies around the world. Delivered through an integrated
platform, Paysafe solutions are geared toward mobile-initiated
transactions, real-time analytics and the convergence between
brick-and-mortar and online payments. Further information is
available at www.paysafe.com.
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Sanna Raza Corporate Communications Manager, DACH
sanna.raza@paysafe.com +43 676 765 7202
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