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April 28, 2020

Paysafecard bolsters South America presence with Paraguay launch

paysafecard, a prepaid online payment solutions provider and a Paysafe unit, has expanded its footprint across South America by launching in Paraguay.

paysafecard is a prepaid online payment method based on vouchers which allow consumers to buy goods and services online using a 16-digit PIN.

It aims to serve underserved consumers without access to a bank account or credit card, and those who are reluctant to share their details online.

paysafecard partnered with Practipago, a payment and collection network, to offer its services at over 1,800 retail outlets in Paraguay.

Through the partnership, paysafecard vouchers will be made available at grocery stores, convenience stores, petrol stations and kiosks in the country.

Customers can use paysafecard to transact in four denominations; PYG50,000, PYG100,000, PYG250,000 and PYG500,000.

Commenting on the launch, paysafecard CEO Udo Müller said: “South America provides an ideal environment for prepaid solutions and we are happy to be expanding into Paraguay.

“A considerable part of the population is clearly underserved in terms of bank accounts and credit cards, so paysafecard will enable Paraguayans to participate in the online marketplace and digital entertainment, easily and securely.”

Founded in 2000 and headquartered in Austria, paysafecard offers prepaid and online cash solutions under the brands paysafecard, my paysafecard, paysafecard Mastercard and Paysafecash.

It is available in over 650,000 sales outlets across 50 countries.

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