Paysafe Group opens new Isle of Man office

Douglas, Isle of Man - Paysafe, a leading global payments provider, has opened a new office on Victoria Street in Douglas. The Isle of Man registered business is extending its presence on the island where it has been based since 2003.

Paysafe provides digital payments and transaction-related solutions to businesses and consumers around the world. The company provides pay before, pay now and pay later solutions through digital wallets, prepaid solution, payment processing and card issuing, and acquiring products and services in more than 100 payment types and 40 currencies.

The company has recently celebrated its first anniversary as Paysafe, following the acquisition of Skrill Group, the integration of payments company Meritus, the acquisition of FANS Entertainment and more recently Income Access, an affiliate technology provider.

Paysafe has also been actively supporting the island’s community.  Initiatives that have been supported include: the Isle of Man Commonwealth Games Association – financially supporting Isle of Man athletes to attend the next Commonwealth games; Sport Aid – supporting promising athletes with their training programmes and giving them the opportunity to attend events; and the Isle of Man Beach Buddies – formed in 2006, the organisation works alongside private companies and environmental groups to help clean up the Manx coastline.

Paysafe President and Chief Executive Joel Leonoff said: “We are proud of the heritage we have as a business that has been facilitating online payments since 1996 and one that has been based here in the Isle of Man for nearly 15 years.”

Leonoff added: “The opening of our new and enlarged office and plans for new community initiatives here in future mark another important step in our journey. The offices we work from and the entrepreneurial culture we promote are key to our success. As a company that applauds focused and pioneering values we are delighted to be continuing our investment here in the Isle of Man.”

For more information about Paysafe visit: www.paysafe.com

 

About Paysafe

Paysafe provides digital payments and transaction-related solutions to businesses and consumers around the world. Paysafe is redefining payments by enabling fast, convenient and secure ways to pay before, pay now and pay later through its digital wallets, prepaid solution, payment processing and card issuing, and acquiring products and services. We believe that every point of every payment should be relevant, simple and secure. With two decades of experience, Paysafe is trusted by merchants, and by consumers in more than 200 countries and territories, to move and manage money through more than 100 payment types and 40 currencies. Paysafe offers multi-platform products with an emphasis on emerging payment technologies including mobile. Paysafe’s brand portfolio includes NETELLER® and Skrill®, MeritCard, paysafecard®, payolution®, Income Access and FANS Entertainment. Paysafe Group plc shares trade on the London Stock Exchange under the symbol (PAYS.L). For more information, visit: www.paysafe.com

 

For further information, contact:

Gavin Haycock, SVP Corporate Communications, Paysafe Group plc
Gavin.Haycock@paysafe.com / +44 (0) 20 3826 9767

Anna Howard, Head of Corporate Communications, Paysafe Group plc
Anna.Howard@paysafe.com / +44 (0) 20 3826 9822