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paysafecard launches in The Republic of Moldova
Jan 13, 2021
eCash solution from Paysafe now available in Moldova
Chișinău, Moldova: paysafecard, a market leader in eCash payment solutions and part of integrated payments platform, Paysafe, launches in Moldova today as a new secure and easy way to pay with cash for online purchases, particularly in the digital entertainment space.
paysafecard enables consumers to shop for goods and services online, simply and securely, using a 16-digit code to complete the payment transaction. It opens up significant possibilities for online shopping for millions of consumers who were previously excluded – either because they don't have a bank account or credit card, or because they don't want to share their bank account details on the internet, often for security reasons.
Out of Moldova’s 3.65 million inhabitants1, 3.07 million of them use the internet2, with 1.92 million accessing it via a mobile device3. As of 2019, only 14% of the adult population had credit cards and three out of four transactions were paid using cash4.
As such, paysafecard provides an ideal solution for Moldovans to use cash to not only make online purchases conveniently but also join the world of gaming, social media and communities and film and music without the need for bank accounts or credit card information.
Thanks to a partnership with bpay.md (www.bpay.md), a popular payments and collection network, paysafecard can be bought at over 650 independent vending machines and is offered in five denominations (100, 200, 500, 1,000 and 1,500 Moldovan Leu; 1 euro equates to around 20 MDL).
Udo Müller, CEO of paysafecard, commented on the launch: "We’re excited to be launching in Moldova, a country where much of the population is underserved in terms of credit cards and a high number of transactions are made using cash. paysafecard will enable Moldovans to move their cash online and participate in the online marketplace, easily and securely.”
1 Source: CIA World Factbook
2 Source: Digital 2020: Moldova
3 Source: Digital Report
4 Source: Statista
paysafecard, a market leader in online prepaid payment solutions, was founded in 2000 and is headquartered in Vienna, Austria. paysafecard is part of the international Paysafe Group, which provides a broad portfolio of innovative payment solutions and services. paysafecard offers prepaid and online cash solutions under the brands paysafecard, my paysafecard, paysafecard Mastercard® and Paysafecash. Available in over 650,000 sales outlets in 50 countries, paysafecard enables simple and secure online transactions prepaid vouchers. By using a 16-digit paysafecard PIN, customers do not need an account or credit card to pay on the Internet, protecting their confidential financial information. In 2018, paysafecard developed Paysafecash, with which customers can shop online first and then pay for their purchases securely with cash offline at the next payment point. Paysafecash is already available in almost 30 countries. In 2018, paysafecard reached a transaction volume of more than 3 billion euros. www.paysafecard.com
Paysafe Group (Paysafe) is a leading integrated payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualized transactional volume of over US $98 billion in 2019, and approximately 3,000 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.
Sanna Raza, Corporate Communications Manager, DACH, Paysafe Group, email@example.com, +43 676 765 7202