View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company news
March 10, 2016updated 04 Apr 2017 3:59pm

paysafecard launches operations in Georgia

paysafecard, an Austria -based provider prepaid payments solutions, has commenced its operations in Georgia following its launch in Kuwait and Saudi Arabia at the close of 2015.

By Verdict Staff

paysafecard, an Austria -based provider prepaid payments solutions, has commenced its operations in Georgia following its launch in Kuwait and Saudi Arabia at the close of 2015.

The company, currently, has a distribution network of more than 2,500 Bank of Georgia Express Bank terminals across the country.

paysafecard is available in the local currency (Georgian lari) in the amounts of 10, 20, 30, 50 and 70 lari (one lari is equivalent to approximately (EUR 0.36).

The launch of Georgia operation expands paysafecard network to 43 countries.

paysafecard CEO Udo Müller said: "With now only a few countries left, our presence in Europe is, step by step, coming to completion. Our aspiration as a global market leader is to provide a safe alternative to online payments, including to people in those countries not centre stage of the digital society."

Georgia has estimated gross domestic product (GDP) growth of 5.5% in 2015 and the World Bank has nominated the country as the number one economic reformer in the world.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International