Shaping an inclusive and sustainable digital economy
Paysafe empowers small businesses and cash-preferring consumers while promoting financial inclusion and literacy in the digital economy.
At Paysafe, we are playing our part in shaping an inclusive and sustainable digital economy for all. Our fast and easy-to-use payment options enable a broad spectrum of consumers and merchants to participate in the modern economy.
Our commitment to financial inclusion goes beyond borders: our products support multiple currencies, offer flexible funding methods, and facilitate cross-border transactions for a global audience. Whether empowering small and micro businesses or supporting underserved and unbanked consumers, inclusivity remains central to our mission.
Importantly, we continue to enhance our products and services in line with the UK’s Consumer Duty, ensuring that we act to deliver good outcomes for all our customers, particularly those who may be considered vulnerable.
Empowering small and micro businesses
Small businesses make a vital contribution to the global economy. In the UK, SMEs account for 99.9% of the business population(5.6 million businesses), while in the USA, small businesses employ 61.7 million Americans(46.4% of private sector employees).
Our reliable and flexible payment processing solutions help small businesses overcome infrastructure challenges, expand their reach, and meet customer expectations. Customers in over 200 countries can pay using credit cards, digital wallets, instant bank transfers, prepaid cards, and other payment methods.
Our recent research showed that 59% of people expect even small businesses to offer alternative payment methods. By enabling small businesses to diversify their payment acceptance, we help them stay competitive, support their growth, and contribute to the economic empowerment of this vital segment of the business community.
Supporting cash-based and cash-preferring customers
Despite rapid digitization, millions of people still rely on cash, and for some, it remains the only means of participating in the economy. Yet cash-reliant customers increasingly face barriers when goods and services are only available online.
At Paysafe, we believe everyone has the right to access everyday products, services, and experiences, whether they prefer cash or have no alternative. As a leading player in the eCash market, our PaysafeCard and PaysafeCash products serve as a bridge between the offline and online worlds, connecting millions of cash-dependent consumers with online merchants worldwide.
Our recent collaboration with Revolut demonstrates this commitment: together, we are making it easier for cash-preferring customers to load funds into digital accounts, helping them participate in the digital economy while retaining their preferred payment methods.
By supporting access to cash services at a time when ATMs and bank branches are in decline, and by maintaining a dense network of cash service points, we also help banks and communities preserve financial resilience and inclusion.
This is not only good business but is aligned with the Consumer Duty principle of ensuring that customers’ diverse needs, including those of the most vulnerable, are respected and supported.
Promoting financial literacy and management
Financial inclusion is only meaningful when paired with financial capability. Our digital wallets include tools for budgeting, transaction tracking, and multi-currency management, empowering customers to take greater control of their financial lives. By promoting financial literacy, we enable people to make more informed decisions, strengthening their financial wellbeing and long-term resilience.
To learn more about how Paysafe can help you grow your small business, contact us today!
