Paysafe Enters the Brazilian Market

Paysafe Group has announced they have expanded their services in Brazil. The payment solution provider has decided to enter the fifth most populous country in the world (204.000.000).

At present, cash-based alternative payment systems cover the 60% of All E-games payment, something that is expected to change with the Paysafe “invasion”.

What does Paysafe Bring to the Table?

Paysafe will begin alongside sales partner RV Tecnologia. There will be 40,000 sales outlets, something that is deemed necessary, due to Brazil's enormous geographical dimensions.

Payment processing will occur via local partner PrimeiroPay, a company with extensive knowledge of the local market.

Udo Müller, CEO paysafecard, tolf about 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."

Osama Deeb, Global Payments & Partnerships Lead, Smilegate West, a leading eGames 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.”