Popular online payment method provider paysafecard and GlobalCollect, the world's premier payment service provider of local e-payments, announce expansion of current agreement

AMSTERDAM--(BUSINESS WIRE)--Following the recent entry of paysafecard into the Latin American market, GlobalCollect has increased the number of countries where it offers this popular payment method to include Argentina. paysafecard enables consumers to make online cash payments in local currencies without needing a bank account or credit card. In a region where - according to the World Bank - only 30% of adults have a bank account, offering alternative payment methods such as cash and prepaid is crucial for e-commerce merchants to succeed. paysafecard is being distributed via 3,500 outlets in Argentina, which will be the company's base for further expansion into Mexico.

Michael Muller, CEO of paysafecard group, explained "As GlobalCollect is a very important partner for us in Europe, we are very happy about the expansion of the agreement to include Argentina. Thanks to this integration, our customers will have the chance to use paysafecard in even more webshops."

Jan Manten, CEO of GlobalCollect, continued: "We already established a very good working relationship with paysafecard throughout Europe, so we’re delighted to expand this successful collaboration into the Latin American market now. This region holds tremendous e-commerce growth potential – especially for online businesses which manage to tap into otherwise unserved customer segments. For the same reason, GlobalCollect opened an office in Buenos Aires earlier this year and stays committed to boosting its portfolio of local payment solutions rapidly to support its growing presence in Latin America.”

Over the past ten years, paysafecard have established themselves as Europe’s favourite safe and easy-to-use alternative prepaid payment method for e-commerce. It is available in 25 countries worldwide. The smart payment solution is designed for users who don’t have a credit or debit card or who don’t want to use their credit card for online purchases and other micro payments on the Internet. Users simply authorize a payment by entering a 16-digit PIN code, similar to the system used with prepaid phone cards. Thousands of e-businesses are benefiting from new customers by offering this safe and uncomplicated payment solution. paysafecard is available in € 10, € 25, € 50 and € 100 e-vouchers at more than 280,000 outlets across Europe and South America.www.paysafecard.com

GlobalCollect is the world's premier Payment Service Provider of local e-payment solutions for international Customer Not-Present (CNP) channels such as internet, mail and telephone orders, and specialized in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content. While most providers limit their services to a technical link with payment acquirers, GlobalCollect is a full service partner consulting clients on how to increase transaction volumes, expand distribution channels, and reduce costs by streamlining back office processes. Through a single-interface online payment platform, we offer access to an unrivalled portfolio of local and international payment methods in over 200 countries, including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, eWallets, cash at outlets, prepaid methods, checks, and invoices. www.globalcollect.com