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Building a more transparent

PaaS marketplace

PYMNTS have released their June Payments-as-a-Service (PaaS) Tracker, in collaboration with Paysafe.

Download the tracker here for a rundown of APEXX’s new platform which helps merchants navigate the path to finding the right PaaS providers.

This month’s Tracker also includes a round-up of recent news highlights from around the PaaS world, including Paysafe announcing it has teamed with Google to be one of the first Payment Service Providers to launch in-app Android Pay capabilities to its merchants in Canada. Also in the news is Posera’s SecureTablePay pay-at-the-table solution to the U.S. market. In case you couldn’t get to Money2020 in Copenhagen this week, there’s a quick and easy-to-read synopsis of Paysafe’s whitepaper “Beyond Payments: Five Proven Strategies To Achieve Cross-Border E-Commerce Growth”.

The PYMNTS.com Payments as a Service Tracker™, a Paysafe collaboration, is designed to give an overview of the trends and activities of merchant platforms that not only enable payment processing of new and old technologies, but also integrate with other features to improve the merchant’s experience, including customer engagement, security, omnichannel retail experience, analytics, inventory management, software and hardware management, and more.

Transparency of payment

and mobile wallet

Transparency is paramount

Customers remain just as fickle online as they’ve become offline. On average, they abandon a shopping cart twice in any given month.

Respondents gave various reasons for this, ranging from technical issues (the website was too slow or didn’t work well on mobile) to logistical issues, such as inconvenient delivery times. However, the most common reason given by was hidden fees and charges. Four in ten of the respondents said they didn’t follow through with a purchase because of these fees and charges, highlighting the continued importance of transparency in driving competitive advantage.

Many customers find hidden fees confusing and annoying enough to abandon transactions even at an advanced stage. More importantly, they seem to do so across the board, regardless of their age or the region where they live.

People’s relationship with cash is changing

Traditional cash is losing popularity across markets. In general, most respondents reported carrying less of it than they did a year ago. And many expect they’ll need to carry even less — if any at all — in two years’ time. For many Americans, notes and coins remain a preferred method of payment.

Somewhat predictably, cash is least popular with those under 34. As this cohort grows older and gains more spending power, it stands to reason that the popularity of traditional cash will continue to decline in favour of alternative payment methods.

Mobile wallets are emerging as the most popular cash alternative, especially amongst younger generations. 86% of 18-25 year olds and 89% of 26-34 year olds expect they’ll be using them more in the next 2 years.

However, the path towards alternative payments isn’t necessarily clear cut.

A sizeable chunk of people still report having security concerns, both when it comes to contactless and mobile payments. Whilst innovations such as cryptocurrencies and biometrics are taken up enthusiastically by a hard core of early adopters, this is hardly close to becoming mainstream.

As consumers get more comfortable with new innovations, they’ll surely feel encouraged to try them out. That said, most expect to pay using the method they prefer right now. For this reason, merchants need to offer a wide range of payment options — including cash alternatives — if they’re to stay relevant and accessible to as wide a customer base as possible.

Confidence in digital is growing

More customers are transacting digitally than ever before – a trend that’s expected to continue in the coming years.

This is partly because customers value choice and convenience more than ever. However, it’s also because mobile shopping is becoming mainstream. Asked whether they feel confident about using their mobile phone to shop, 36% of respondents agreed and another 26% strongly agreed.

But this shift in consumer attitudes hasn’t just influenced the way people prefer to pay. It has also affected their buyer’s journey.

The emergence of dual-browsing

Customers in brick-and-mortar stores now increasingly look for better deals on their phone, even as they scan the aisles.

The main consequence of this trend is that customers have become more price-conscious and, therefore, more fickle. They have no qualms about walking out the front door without completing a purchase if they find a better deal online.

This means businesses need to shift away from the traditional concept of the store as a mere outlet. Far from being purely transactional, the physical stores of tomorrow are spaces where the customer is nurtured and offered an immersive, more personal brand experience.

Payment methods for the digital age

According to Lost In Transaction, Paysafe’s body of independent research on shopping habits and payment trends, 55% of Brits, 54% of Americans and 52% of Canadians doubt whether they’ll need notes and coins to shop in two years’ time.

Contactless was initially the main beneficiary of this trend, at least in Canada and the UK. But mobile wallets and other alternative payment methods are quickly gaining ground. Indeed, it seems as if a second sweeping wave of change in payment behaviour is just over the horizon.

So what does this mean for the future of payments? And what do merchants need to do to survive and thrive as the landscape continues to evolve?

Alternative payments: a generational trend

The trend towards alternative payments is generational. An overwhelming 86% of 18 to 24-year-olds and 89% of 25 to 34-year-olds expect they’ll be using their mobile wallet more in two years’ time.

What’s more, while a majority of consumers report not having tried innovations such as cryptocurrencies and voice-activated systems, they’ve heard of them. And almost half expect merchants to offer these new options in the near future.

Clearly, mobile wallets and alternative payments are here to stay. And, as the younger demographics become the dominant consumer groups, they’ll inevitably become the new normal.

The currency of convenience

The growing preference for mobile wallets and alternative payments fits into a larger pattern.

Consumers are growing increasingly comfortable with using their smartphone to shop. And this has shaped their attitudes and created new buying behaviours. Trends such as dual-browsing show that the buyer’s journey isn’t linear anymore, and that the divide between online and offline is also blurring.

Convenience is becoming one of the main drivers of consumer behaviour. This holds true for the entire shopping experience, up to and including payment. Case in point, 83% of respondents in Paysafe’s study agreed that mobile wallets are more convenient than cash. 79% went even further and said that they agreed mobile wallets are more convenient than contactless.

The implications of how convenience affects the shopping cart experience is important for the future of commerce. For merchants, the message is clear: either keep up with how customers like to pay, or they’ll take their business elsewhere.

Choice, convenience and accessibility

: the recipe for success

More and more, the successful merchant is the one who offers the overall experience that customers have come to expect. Those who fail to adapt will miss out and, eventually, lose out.

So what does the shopping experience of the future look like?

Well, in a nutshell, it’s all about choice, convenience and accessibility.

Choice

There’s no doubt that digital commerce has put the balance of power firmly in the consumer’s hands. As a result, merchants can no longer afford to offer limited payment options. They must offer a whole range. If they don’t, they’ll lose those consumers who choose not to use certain payment methods.

Convenience

It’s not hard to see why customers like speed and simplicity which is why contactless and mobile payments have become so popular. As payment methods become more slick and agile, patience with old-fashioned or burdensome checkouts will wear thin with the end user.

Accessibility

Last but not least, consumer attitudes to shopping are increasingly fluid. People like shopping in the real world but paying digitally. Equally, they may choose to scan their phone and make a purchase whilst standing in the middle of an aisle at a department store..

As the line between physical and digital continues to blur, merchants would do well to ensure they offer a more seamless experience across different channels. By doing so, they’ll be better prepared for the next big wave of change and the exciting new opportunities it’ll bring with it.

Half A Cashless Society

The concept of a cashless society is almost as feared as it is craved; depending on who you ask it’s either the first step to a totalitarian nightmare straight out of the Bible or a necessary step toward a more advanced, more open society. For about 54 percent of US customers who expect to completely abandon cash by 2020, however, it’s obvious what side they stand on, and businesses are going to need to adjust their thinking accordingly regardless of what they personally think about the matter.

Word from Paysafe, who released its Lost in Transaction report recently, found that Americans were already getting ready for a cash-free existence. Fully 54 percent of consumers visited an ATM once a month as part of everyday operations, and one person in seven admitted to carrying virtually no cash at all, instead turning to a mobile payment mechanism. In fact, 63 percent of respondents reported relying on cash less now than they did a year ago.

What’s more, American shoppers are increasingly turning to a variety of mobile shopping methods. Thirty-one percent are turning to new mobile wallet systems, and 14 percent are actively using cryptocurrencies.

While the Paysafe study didn’t stop at the United States—it also covered Canada and the UK, where as we know, mobile payments are taking off like nobody’s business—it shows that shoppers are increasingly disposed to turning to mobile payment systems.

There are some issues here, though, as almost a third—30 percent—of American consumers are concerned about their phones being stolen. Twenty-five percent, meanwhile, didn’t even want to take their phones out of purses or pockets to pay for things to begin with, and that could inherently limit the scope of future mobile payment markets.

So while the mobile payments market is still a growing proposition, it’s clear that there will be some limits to that growth unless workarounds can be established. In a growing market, however, it’s good to know niches like this exist, as they’re a great potential way to set up new market share. It’s just as obvious that mobile payments will carry on for some time to come, thanks to a receptive population ready to put this tool to work.

Analysts Set Paysafe Group Plc (PAYS) Target Price at $589.40

Paysafe Group Plc (LON:PAYS) has earned an average recommendation of “Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 589.40 ($7.61).

Several equities analysts have recently weighed in on the stock. Canaccord Genuity restated a “buy” rating and set a GBX 570 ($7.36) price objective on shares of Paysafe Group Plc in a research report on Friday, July 21st. Barclays PLC restated an “overweight” rating on shares of Paysafe Group Plc in a research report on Tuesday, June 6th. Finally, Macquarie raised their price objective on shares of Paysafe Group Plc from GBX 480 ($6.20) to GBX 590 ($7.62) and gave the company a “neutral” rating in a research report on Monday, July 24th.

Paysafe Group Plc (LON PAYS) traded up 0.17% during mid-day trading on Tuesday, reaching GBX 583.50. 2,576,831 shares of the company were exchanged. The stock’s market capitalization is GBX 2.83 billion. Paysafe Group Plc has a 12 month low of GBX 229.21 and a 12 month high of GBX 600.50. The company’s 50 day moving average price is GBX 585.08 and its 200-day moving average price is GBX 509.85.

Paysafe Deploys First MasterCard Tool

Paysafe is the first to benefit from Decision Intelligence, the first time to use artificial intelligence in a MasterCard network.

Paysafe has already started using this technology in the UK and will have additional markets and issuers in the coming months.

"Mastercard Decision Intelligence is helping to secure customers by providing solutions that increase fraud alarms and increase fraud detection rates," said Elif Kayhan, director of fraud analysis at Consumers and IPBs, UK. And fraud detection capabilities, and we look forward to working closely with Mastercard. "

This solution uses artificial intelligence technology to help financial institutions increase the accuracy of real-time approval of real transactions and reduce false transactions.

Johan Gerber, Mastercard, Vice President of Security and Decision Products

"Credit is the currency itself - our card holders want comfort and convenience when using Mastercard Decision Intelligence allows the issuer to approve more of the previously denied genuine transactions, We have reduced the number of approved fraud transactions. "

Andrea Dunlop, CEO of Paysafe, Acreiring and Card Solutions "Paysafe is delighted to work closely with Mastercard to take advantage of Decision Intelligence, which reduces the false rejection of transactions and adds an extra layer of security that can positively impact the usefulness of the card and respond to the ever-changing fraud trend. I can do it. "

Consumers to abandon cash by 2020

More than half of consumers expect to abandon cash in next two years, according to Paysafe global research report

LONDON, 13 September, 2017 – More than half (54 per cent) of consumers expect to abandon using cash for shopping in the next two years, according to new research conducted by Paysafe, a leading global payments provider. The report, called Lost in Transaction, uncovered the rapid move towards a cash-free economy with nearly half (49 per cent) of people only visiting an ATM once a month or less, and one in six saying they rarely carry cash at all, with that figure rising to one in five for under 34s. With the research showing two thirds (64 per cent) of people carrying less cash than a year ago, the move away from physical notes and coins only looks set to continue.

The comprehensive study, undertaken in the UK, US and Canada, looks at attitudes to money and consumer buying behaviour, and examines how cash is merging with digital formats. It reveals increased consumer confidence in mobile shopping, the start of a shift to new payment methods such as cryptocurrencies and the potential for retailers to lose relevance without the right payment mix for customers.

The evolution of cash into digital formats is enabling consumers to move away from carrying hard currency, with a quarter (23 percent) already adopting mobile wallets and 11 percent using cryptocurrencies for payments. The adoption of mobile wallets is linked to nearly two thirds (62 percent) being increasingly confident about using their mobile phone for shopping.

In Canada and the UK, contactless has paved the way for this new era of payments, with three out of five consumers regularly using it for purchases, 62 per cent citing it as more convenient than cash, and 44 per cent stating they preferred to shop in places that take contactless. The mass acceptance of contactless in the UK and Canada is facilitating more compatibility between retailers and emerging payment methods at point-of-sale, including digital wallets and smartphone apps.

However, it is America that is very much leading the way in new payment methods with nearly a third (31 percent) using mobile wallets and 1 in 7 using cryptocurrencies. The wider adoption of mobile wallets is likely being affected by concerns regarding people’s handsets. Across all markets, 31 percent of consumers said they worried about their phone being stolen, while a quarter (26 percent) did not even want to take their phone out to pay.

Commenting on the research, Oscar Nieboer, Chief Marketing Officer, Paysafe stated: “The world is a different place to the one where traditional hard currency was the only option. Today, people shop in new ways. Mobile is a preferred device and physical stores are showrooms as much as they are outlets. Contactless payments and mobile wallets are increasingly normalized with younger age groups leading this cash-free approach and driving adoption of cutting edge payment technologies such as cryptocurrencies.

“In a rapidly transforming landscape, the merchants who survive will have invested early in emerging technologies that enable them to meet a range of customer payments preferences and provide reassurance around security concerns.”

Paysafe Group Plc Given Average Recommendation of “Buy” by Brokerages

Paysafe Group Plc (LON:PAYS) has been assigned a consensus rating of “Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 589.40 ($7.61).

Several research analysts have recently issued reports on PAYS shares. Canaccord Genuity lowered shares of Paysafe Group Plc from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Macquarie increased their price target on shares of Paysafe Group Plc from GBX 480 ($6.20) to GBX 590 ($7.62) and gave the company a “neutral” rating in a research report on Monday, July 24th. Finally, Barclays PLC reiterated an “overweight” rating on shares of Paysafe Group Plc in a research report on Tuesday, June 6th.

Paysafe Group Plc (PAYS) opened at 582.00 on Tuesday. The firm’s market capitalization is GBX 2.82 billion. The firm’s 50-day moving average is GBX 585.12 and its 200-day moving average is GBX 506.43. Paysafe Group Plc has a 1-year low of GBX 229.21 and a 1-year high of GBX 600.50.

Paysafe Group PLC (PAYS.L) Pull in Gains For the Week

Paysafe Group PLC (PAYS.L) shares are showing positive signals short-term as the stock has finished higher by 0.23% for the week. In taking a look at recent performance, we can see that shares have moved 0.17% over the past 4-weeks, 31.76% over the past half year and 34.86% over the past full year.

Traders may be narrowing in on the ATR or Average True Range indicator when reviewing technicals. At the time of writing, Paysafe Group PLC (PAYS.L) has a 14-day ATR of 4.68. The average true range indicator was created by J. Welles Wilder in order to measure volatility. The ATR may assist traders with figuring out the strength of a breakout or reversal in price. It is important to note that the ATR was not designed to determine price direction or to predict future prices.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Paysafe Group PLC (PAYS.L)’s Williams Percent Range or 14 day Williams %R is resting at -42.11. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.

Investors may use multiple technical indicators to help spot trends and buy/sell signals. Presently, Paysafe Group PLC (PAYS.L) has a 14-day Commodity Channel Index (CCI) of 20.68. The CCI was developed by Donald Lambert. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. Traders may also use the reading to identify overbought/oversold conditions.

The Average Directional Index or ADX is a popular technical indicator designed to help measure trend strength. Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies. Presently, the 14-day ADX for Paysafe Group PLC (PAYS.L) is 31.94. In general, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The ADX alone was designed to measure trend strength. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well.

Taking a peek at some Moving Averages, the 200-day is at 467.20, the 50-day is 568.59, and the 7-day is sitting at 583.31. The moving average is a popular tool among technical stock analysts. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock.

What do I need to do to
prevent e-commerce fraud?

The key to mitigating e-commerce risk is constant perimeter.

There is no single answer or a complete solution to fighting fraud.
In particular, fraud is constantly changing and taking on new forms.

Instead, a constantly evolving and multifaceted approach has been proven to deliver excellent results with the following elements:

Employee training

Choose the right processing partner

Internal fraud prevention (access control, basic knowledge required).

Use of system tools (AVS, CVV2, 3DS)

Strict adherence to PCI DSS

Using fraud screening tools (device fingerprinting, IP location information)

Use self-learning and fraud management algorithms to detect new fraud patterns and reduce false positives

Payment denial for unexpected spikes or other inconsistencies Monitoring, total quantity, refunds and refusals

How your payment data can

improve your business

Minimal chargeback

While product returns are bug bugs for all retailers, fraudulent payment rejection is even more dangerous.

As a result, retailers need to improve customer profiling and satisfaction systems and thoroughly analyze chargebacks and withdrawal trends.

Rather than simply following a formal return policy, retailers should dig deeper into the problem and find the reason for the chargeback.

Retailers can minimize dissatisfaction by lowering the chargeback rate and improving the accuracy of product descriptions by returning revenue to customers as easily as possible and by clearly communicating policies.

Before the peak shopping period begins, the retailer must be confident that his back payment process, handled by the merchant buyer, is stable, smooth and fast.

Although the retailer's payment process can be performed perfectly well throughout the year, pressure in times of peak usage can have a negative impact on performance.

The retailer must ask the buyer's buyer the following four questions:

1. How can I determine how the system can handle transaction volume fluctuations?

2. How fast is transaction processing?

3. What steps have been taken to ensure that the payment information is secure?

4. What is the fraud resolution process?

Obviously, retailers have a lot to consider in a busy time.

One of the most important is having a strong and resilient payment process.

Merchant buyers must be able to handle all types of transactions that customers use and be able to react to business peaks.

Retailers should use the increased duration of activity as an opportunity to identify the weaknesses or drawbacks of the payment infrastructure.

Working with merchant buyers to solve problems in this way can help you prepare for the next high demand period.

Zachary Claman DeMelo

and Paysafe Partnership

Paysafe secures naming rights to the No.16 Rahal Letterman Lanigan Honda for the GoPro Grand Prix of Sonoma

MONTREAL, 5 September 2017 – Paysafe, a leading global payments provider, today announced a partnership with Zachary Claman DeMelo who will pilot the No. 16 Rahal Letterman Lanigan Paysafe Honda at the GoPro Grand Prix of Sonoma on September 17.

This race partnership, which also marks Paysafe’s debut in the Verizon IndyCar Series, celebrates a mutual focus on performance at the highest level.

DeMelo, one of the youngest drivers to race in the Verizon IndyCar Series at just 19 years old, was the third highest point scorer in IndyCar’s official feeder series, Indy Lights, throughout the second half of the championship. In the final eight races, DeMelo earned a race win, four podium finishes, and was the lone driver to finish in the top six or better eight consecutive times. Additionally, DeMelo is no stranger to the Verizon IndyCar Series, having served as a test-driver for Schmidt Peterson Motorsports Indy car program over the past two seasons. Zach’s Indy car testing experience paired with his rank in the Indy car feeder series makes him the highest ranked Canadian rookie currently eligible to compete in the Verizon IndyCar Series.

Having driven innovation in payments since 1996, Paysafe knows success is predicated on agility in fast paced environments, and the ability to leverage latest technologies.

“Paysafe and DeMelo share a common desire to perform at the highest level based on anticipation, execution, speed and safety,” said Oscar Nieboer, Chief Marketing Officer, Paysafe. “DeMelo’s potential has paved the way for him to become one of the youngest drivers to race in the Verizon IndyCar Series and Paysafe is proud to support such up and coming talent.”

“DeMelo embodies the spirit that defines Paysafe and reflects our track record in championing new and emerging opportunities as a business,” added Nieboer. We look forward to the double debut of DeMelo and Paysafe on the track in Sonoma.”

"Paysafe's strength and momentum as a leading payments company will be well represented on the track on September 17," said Zachary Claman DeMelo, Indy car driver for Rahal Letterman Lanigan Racing. "I am extremely proud to have the Paysafe logo on my uniform and car as my dream of driving in the Verizon IndyCar Series becomes a reality.”

The GoPro Grand Prix of Sonoma will be televised live on NBCSN at 6:30 p.m. ET on September

Why APIs are the foundation for payments success

Application Programming Interfaces (APIs) are one of the key building blocks in this transformation, and in particular REST (Representational State Transfer) APIs. REST APIs are the power behind very successful business such as Facebook, Amazon and Google, and have helped create value for countless other businesses and brands.

Powering e-commerce and mobile applications

Mobile communication will increasingly be a feature of payments, so e-commerce-enabled business must integrate with REST APIs and mobile software developer kits. Combining REST APIs with webhooks (event notifications) can improve overall information and communication flow, as messages are sent to a registered recipient whenever something occurs in the merchant account. Declines, approvals, notices: all become real-time and actionable information. This helps to limit fraud and improve fulfilment, customer analysis and general operational efficiency.

Building digital payments with Paysafe

Merchants of all sizes must embrace digital payments to stay relevant. Today, that means migrating away from SOAP/XML systems and adopting REST architecture. Do talk with your payment processor about integrations and time scales so that together you can have a smooth transition. If your processor is not able to give you a REST API or if you are thinking about integrating payments into your business, contact Paysafe and learn how we can support you with our REST-based APIs, software developer kits and related tools and resources.

What is the next payment?

What is the next step in the payment industry?

It is a problem that every team in the industry always thinks when outstanding technology and cultural changes happen.

I am currently using fast payment methods and digital wallets, prepaid cards and vouchers, mobile P2P payment apps, slimline merchant hardware, and more, through decades of payment models based on personal checks and credit / debit cards.

Already around the world, many are looking for alternative payment methods.

paysafe is fast becoming a digital wallet in a consumer environment.

Paysafe now has over $ 1 billion in customer funds.

Prepaid vouchers are also loved around the world by selling Paysafe's own paysafecard in more than 500,000 stores and receiving it in thousands of online stores.

Furthermore, it will now provide payment processing for Europe's most important local brands and organizations.

By any standards, Paysafe is performing well in a tough and rapidly changing market.

Paysafe provides new payment options for DraftKings in Europe

LONDON, September 1, 2017 – Paysafe, a leading global payments provider, has furthered its partnership with DraftKings, a leading global daily fantasy sports (DFS) platform, by providing them the ability to expand their payment methods in Europe through Skrill Quick Checkout.

Paysafe’s Skrill Quick Checkout platform provides customers with access to a range of payment methods in a single interface, including online cash solution paysafecard and the Skrill and NETELLER digital wallets. Through the Skrill and NETELLER digital wallets, customers in over 200 countries have the ability to transact via over 100 alternative payment methods (APMs) specific to their geographic region. Optimised for mobile, desktop and other devices, Skrill Quick Checkout negates the need for multiple logins, offering consumers a seamless, quick and secure experience.

Lorenzo Pellegrino, CEO, Digital Wallets, Paysafe added: “Providing customers with a streamlined and seamless digital experience is central to what we do. We’re pleased to be enabling more ways in which DraftKings’ customers can play on the Daily Fantasy Sports (DFS) platform knowing their money is secure. Helping the businesses enhance their customer experience in existing and new markets is one of the main objectives we strive to achieve.”

Jeffrey Haas, Chief International Officer, DraftKings said: “Paysafe is one of the world’s largest payments brands and we are confident that our partnership will offer DraftKings customers a seamless and most importantly, a secure option for payment processing. As our debit and credit card processor in the UK, we believe their pioneering approach and know-how in the payments space make them an ideal partner for our rapidly growing consumer base in Europe.”

DraftKings is the leading global daily fantasy sports platform with over 8 million registered customers, globally. DraftKings offers over 10 sports including, NFL, MLB, NBA, Golf, NASCAR, MMA, Soccer, CFL and eSports, and a range of leading leagues, including: WNBA, Premier League, UEFA Champions League, UEFA Europa League, Major League Soccer and Liga MX.

paysafecard launches in Brazil, providing a free online prepaid payment method to the region’s largest market

VIENNA, 30 August 2017 – paysafecard, a global market leader in the online pre-paid industry and part of Paysafe Group plc, enters Brazil, offering a free of charge online prepaid payment solution for over 122 million internet users in a very enthusiastic eGaming community.

paysafecard already operates in Argentina, Peru, Uruguay and Mexico, and will now provide the continent’s largest local market with a free, secure digital payment method 24/7.

The move into the Brazilian market is another milestone on the path of growth for paysafecard.

Brazil has the fifth-largest population in the world with an internet usage rate of around 60 per cent. It is ranked seventh in the world for gross national product, and is by far the largest eGames market in Latin America. More than 60 per cent of all eGaming payments are made using cash-based alternative payment systems which come with serious disadvantages when compared to paysafecard.

Udo Müller, CEO paysafecard, provides insights to the strategic considerations behind this move: "Brazil is an enormous market which has not yet seen a digital payment method comparable to paysafecard. The current options on offer are as expensive, inconvenient or problematic for the merchants as they are for the users, and they can also come with delayed processing times. paysafecard offers an ideal alternative: free, immediately available, safe and convenient."

paysafecard’s presence in Latin America will now extend to five countries: Brazil, Argentina, Peru, Uruguay, and Mexico. The pre-paid specialist will begin its move into Brazil alongside sales partner RV Tecnologia, which will offer paysafecard at 40,000 sales outlets. Given the enormous geographical dimensions of the country, such a strong distribution network is absolutely crucial. Payment processing will occur via local partner PrimeiroPay, which offers an extensive understanding of the Brazilian market.

paysafecard will first be accepted mainly by well-known partners in the eGaming sector, and will then be gradually introduced on websites specialising in entertainment, e-learning, travel.

Osama Deeb, Global Payments & Partnerships Lead, Smilegate West, a leading eGaming provider in Brazil comments, “We welcome paysafecard's entry into the Brazilian market and rely on internationally proven partners, to maintain our position as a strong player in this market. paysafecard will allow us to offer an extremely successful payment option with enormous potential to Brazilian customers, and we expect that the introduction of paysafecard into Brazil will have a very positive impact on our business. This expansion is a true win-win scenario for the entire gaming business here."

Bridging the payments gap

for buyers and sellers alike

The future of payments will be driven by providers who understand real-world pain points for buyers and sellers, and who can then build delightful, seamless solutions that address those needs – creating new payment utilities.

“It is about looking at opportunities to make payments more convenient, frictionless and even enjoyable for consumers and businesses,” says Danny Chazonoff (inset, below), COO of Paysafe Group.

“It is about building up a good user interface between the consumer and the business. It is about finding ways where value can be added. A lot of our competitors, for example, are only providing services for businesses and don’t necessarily have the experience in learning about the behaviours and the needs of the actual consumers.”

In contrast, Paysafe provides services for both consumers and businesses, giving them an understanding of what the two sides want from each other.

By understanding the pain points between the two sides, says Chazonoff, Paysafe can provide the market with tailored products that can add value.

A particular area Chazonoff believes Paysafe has found a specialist relevance in is in situations where a person wants to buy something online, but does not have the means to pay – whether using a debit or credit card.

“How can a payment get made if there is no ability to hand over cash or to take a piece of plastic?” he asks. “How do you bridge that gap between consumers who want to pay with cash and consumers who want to buy goods and services online?

Filling this gap in the market is Paysafe’s paysafecard, which enables consumers to use cash to buy goods and services online – paysafecard vouchers can be purchased from stores, then used at any online merchant that accepts the payment method.

Paysafe completes acquisition of Merchants’ Choice Payment Solutions

Paysafe Group plc (LSE: PAYS.L, "Paysafe" or the "Group"), a leading global provider of payment solutions, announces today that it has completed the previously announced acquisition of substantially all the assets of Delta Card Services Inc., the holding company for Merchants’ Choice Payment Solutions (“MCPS”), a payment processor based in the Houston suburb of Shenandoah, Texas.

Todd Linden, MCPS CEO, will join Paysafe as CEO of Payment Processing North America while Giovanni Diano, MCPS CFO, has been named as CFO of Payment Processing.

Enquiries:

Paysafe Group plc

Andrew Griffin, SVP Market Intelligence and Investor Relations

+44 (0) 20 3826 9854 / investorrelations@paysafe.com

BMO Capital Markets (Lead Financial Advisers)

Jonathan Dubroff / Nicolas Brunet

+1 212 702 1149 / +1 514 286 7282

Brunswick Group LLP

Brian Buckley / Lee-Roy Chetty

+44 (0) 20 7404 5959 / paysafe@brunswickgroup.com

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We areBeast-Company

Neteller,Skrill Korea company

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